See more as FG agency advises Nigerians against another investment platform

• The NFIU has denied immoderate engagement with BNBEX and warned the nationalist against investing successful the cryptocurrency trading platform
• The authorities bureau clarified that the alleged “Nigerian Financial Surveillance Regulation” cited by BNBEX does not exist
• Nigerians are advised to trust lone connected authoritative NFIU connection channels and study immoderate suspicious activity

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigerian Financial Intelligence Unit (NFIU) has issued a beardown informing to Nigerians against investing successful BNBEX, an online cryptocurrency trading platform.

The authorities bureau has besides disassociated itself from the company's activities and branding caller claims by the level arsenic mendacious and misleading.

NFIU distances itself from BNBEX, advises Nigerians Photo credit: NFIU
Source: Facebook

BNBEX, which claims to beryllium a planetary crypto trading institution headquartered successful Miami, Florida, had precocious published a circular alleging that the NFIU was conducting a compliance reappraisal of transactions involving Nigerian users connected its platform.

The institution said the reappraisal was being conducted nether a alleged "Nigerian Financial Surveillance Regulation."

Reacting swiftly, the NFIU, done the caput of its Strategic Communications Department, Sani Tukur, denied immoderate affiliation with the level and dismissed the claims arsenic wholly fictitious.

The connection from NFIU reads:

"The NFIU informs each fiscal strategy stakeholders and the wide nationalist that it neither authorized nor issued the papers precocious published by BNBEX connected its website. "The circular falsely alleges that the NFIU is conducting a compliance reappraisal of transactions involving Nigerian users connected the level nether a alleged Nigerian Financial Surveillance Regulation."

Tukur emphasised that the regularisation cited by BNBEX does not beryllium wrong Nigeria’s ineligible oregon regulatory frameworks.

NFIU noted that the alleged 'Nigerian Financial Surveillance Regulation' has nary ground successful Nigerian adding that the logo and insignia utilized successful the circular are counterfeit.

He further clarified that the NFIU has nary bureau successful the Central Business District of Abuja, contrary to what was implied successful the BNBEX document, noting that the Unit operates solely from its office astatine No. 1 Monrovia Street, Wuse II, Abuja.

Nigerians advised to cheque earlier investing successful immoderate platform Photo credit: nurphoto
Source: Getty Images

Tukur added:

“The NFIU categorically dissociates itself from the claims made successful the circular and urges members of the nationalist to trust lone connected authoritative NFIU channels for close and morganatic information,”

The bureau besides reiterated that it has nary narration with BNBEX and has not validated immoderate of the company’s operations, Leadership reports.

It urged Nigerians to workout caution and study immoderate suspicious claims oregon documents to the Strategic Communications Department via [email protected].

CBEX obtained CAC, EFCC clearances to person Nigerians

Earlier, Legit.ng reported that Crypto Bridge Exchange (CBEX), a integer concern level present exposed arsenic a large-scale Ponzi strategy that defrauded implicit 600,000 Nigerians of an estimated N1.3 trillion.

The level operated nether ST Technologies International Ltd, which was legally registered, but utilized this to falsely guarantee investors.

The EFCC and SEC person launched investigations, with efforts underway to revoke the company's registration and apprehend those involved.

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Source: Legit.ng