{"id":69856,"date":"2022-08-08T12:39:05","date_gmt":"2022-08-08T11:39:05","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers"},"modified":"2022-08-08T13:49:08","modified_gmt":"2022-08-08T12:49:08","slug":"ndic-warns-nigerians-against-investing-with-illegal-fund-managers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers","title":{"rendered":"NDIC warns Nigerians against investing with illegal fund managers"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians against investing in illegal fund management platforms across the internet.<\/p>\n

The financial institution said it has become expedient to warn the public about the proliferation of illegal platforms promising excessive returns on investments.<\/p>\n

A statement signed by NDIC\u2019s Director, Communication and Public Affairs, Bashir A. Nuhu, said it has become necessary to warn and protect unsuspecting depositors following the increase in illegal fund managers who use different platforms to solicit public investment.<\/p>\n

The NDIC also debunked claims by some illegal fund managers that depositors\u2019 investments are insured by NDIC, warning that the federal financial agency only has an obligation to agencies licensed by the CBN.<\/p>\n

The statement warned, \u201cThe NDIC insures only deposits of financial institutions licensed by the Central Bank of Nigeria (CBN) to accept deposits from the public.<\/p>\n

\u201dTo confirm whether a financial institution is covered by the deposit insurance scheme of the NDIC, please visit our website to see who we cover.<\/p>\n

\u201dMembers of the public are also advised to report any entity suspected to be involved in illegal deposit mobilization to the law enforcement agencies.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians against investing in illegal fund management platforms across the internet. The financial institution said it has become expedient to warn the public about the proliferation of illegal platforms promising excessive returns on investments. A statement signed by NDIC\u2019s Director, Communication and Public Affairs, […]<\/p>\n","protected":false},"author":84,"featured_media":69855,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30,28,26],"tags":[1570,2140,1423,254],"class_list":["post-69856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-ndic","tag-nigeria"],"yoast_head":"\nNDIC warns Nigerians against investing with illegal fund managers - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians against investing in illegal fund management platf ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NDIC warns Nigerians against investing with illegal fund managers\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians against investing in illegal fund management platf ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-08T11:39:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-08T12:49:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/08\/postQueueImg_7-62f1062945876.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NDIC warns Nigerians against investing with illegal fund managers\",\"datePublished\":\"2022-08-08T11:39:05+00:00\",\"dateModified\":\"2022-08-08T12:49:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers\"},\"wordCount\":210,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/08\/postQueueImg_7-62f1062945876.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"NDIC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/ndic-warns-nigerians-against-investing-with-illegal-fund-managers\",\"name\":\"NDIC warns Nigerians against investing with illegal fund managers - 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