Access Bank Plc’s management has released a disclaimer regarding the Access Capital Investment Platform that has been circulating.
The bank, which separates itself and its subsidiaries from the investment platform, stated that the online investment firm has been courting members of the public to participate in its Access Capital Investment products, which promise enticing returns.
“By issuing this disclaimer, Access Bank Plc seeks to expressly distance itself, its affiliates, subsidiaries, and/or proxies from the operations, contracts, claims, or business engagements of Access Capital Investment Platform,” the bank stated.
“Access Capital Investment Platform is neither an affiliate nor a subsidiary of Access Bank Plc,” the bank added, “and anyone who invests in any of the Access Capital Investment packages/products does so at their own risk, as Access Bank Plc will not be responsible for any loss, damages, or refund whatsoever that may result.”
This disclaimer has been notified to relevant law enforcement and regulatory bodies, according to Access Bank.
According to Investors King, Nigeria has a plethora of phony investment platforms. These platforms provide too-good-to-be-true investment returns to naïve members of the public.
Most times, they offer fake – but often convincing opportunity to make a profit after they hand over a sum of money. They pretend to be representing a legitimate and trusted investment group and pressurize their victims into making a rushed decision.
Usually, these fraudsters use platforms such as Facebook, Instagram and Twitter to lure people into investing in cryptocurrencies, foreign exchange and binary options and often have convincing social media profiles or websites with fake reviews. Some of them even pay people to write fake reviews for them.
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.
