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May & Baker Nigeria Plc Warns Investors Against Fraudulent Online Schemes
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

May & Baker Nigeria Plc Warns Investors Against Fraudulent Online Schemes

From Vanguard · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • May & Baker Nigeria Plc has issued a warning about fraudulent investment schemes circulating online.
  • These schemes, falsely linked to the company, promise daily or guaranteed returns.
  • The company urges the public to be wary of such fraudulent activities.

May & Baker Nigeria Plc has alerted investors and the public to be vigilant against fraudulent investment schemes that are falsely using its name. These online operations, reportedly promising daily or guaranteed returns, are deceiving individuals into believing they are legitimate M&B Equity Stake investments.

The company, through a statement signed by Mrs. Adetoun Abiru for Marina Nominees Limited, its Company Secretary, has officially distanced itself from these deceptive schemes. May & Baker stressed that it is not associated with any such investment opportunities and is taking steps to inform the public about the potential risks.

This warning serves as a crucial reminder for investors to exercise caution and conduct thorough due diligence before engaging with any investment opportunity, especially those advertised online with unrealistic return promises. The company's proactive communication aims to protect its stakeholders and the wider public from financial fraud.

DistantNews Editorial

Originally published by Vanguard in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.