Marksman Chinedu Ijiomah and his Chinmark Group accused of operating a fake investment scheme, ENigeria Newspaper reports.
Marksman Chinedu ijiomah, the Chairman/President of Chinmark, under which one of its subsidiaries (FINAFRICA INVESTMENT LIMITED) operates an investment scheme, uses the power of his huge Facebook followership of over 300,000 to advertise his companies and activities, as shown in a cursory look at his social media wall.
However, according to a statement made by the Securities and Exchange Commission, FINAFRICA INVESTMENT and its parent firm Chinmark Group are accused of running an illegal investment scheme, and anyone doing business with the company does so at their own risk.
Given the recent increase in Ponzi investment scheme activity, which has resulted in many people losing their life savings to scammers, many people believe the SEC’s warning shot is appropriate.
The statement seen by ENigeria Newspaper reads, “The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (FINAFRICA INVESTMENT LIMITED). The Company claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and uses the funds in entities under Chinmark Group.
The Commission hereby notifies the investing public that neither FINAFRICA INVESTMENT LIMITED nor Chinmark Group is registered by the SEC and the Investment Scheme promoted by these entities are also not authorized by the SEC.
In view of the above, the general public is hereby WARNED that any person dealing with the within named Company in any capital market related business is doing so at his/her own risk.”
Mr. Ijiomah is not well-known in the media, but his admirers frequently preach about his numerous acts of generosity and philanthropy. He was recently reported to have gifted a woman N500, 000 after his convoy splashed her with water.
There are other records of his acts of compassion toward those in need, especially street hawkers.
As of the time of posting this story, neither Chinmark Group nor its Chairman, Marksman Chinedu Ijiomah, had issued an official reaction to the claim, but when ENigeria Newspaper texted him for answers, he did not respond.
I’m ready to marry actor Kenneth Aguba, Slay Queen, Annastacia Micheal Olamma confesses
Biography of Sylvester Okolie Aboh, New Accountant General
Lagos Judge, Ishola Razaki Adeyemi dissolves marriage, snatches complainant’s wife
Emotional Moment as Homeless actor, Kenneth Aguba gets roof over his head
Phillips Consulting connives with Sokoloan, an illegal loan app in Nigeria
Yusuf Datti-Baba Ahmed Biography, 10 things about suggested running mate for Peter Obi
P-Square’s lawyer, Somadina Speaks amid Anita Okoye’s divorce Petition
Senator Peter Nwaoboshi convicted for money laundering
BREAKING: Anita Okoye releases more incriminating evidence of husband’s infidelity
Actress Toyin Abraham, Kolawole Ajeyemi’s marriage in trouble
Actress, Kemi Afolabi undergoes treatment for Lupus in America
Anita Okoye formally files for divorce from husband Paul Okoye, over infidelity, others
REVEALED! How Tinubu, Wike met secretly in France
List of Nominees for CAF Awards 2022 released
Gov. Sanwo-Olu approves increase in BRT fares
News3 years ago
Drug Kingpin, Bishop who escaped death in Ozubulu, killed In South Africa
Entertainment2 years ago
Actress, Destiny Etiko talks about her curves and Ikebe
Crime6 years ago
Forbes Denies Sujimoto CEO, Siji Ogundele
News4 years ago
Harrysong Facilitates Release of 3 Inmates from Okere Prison
News1 month ago
Leaked AKSU Student Video as Unidentified Guy Smashes Akwa Ibom varsity Girl
Crime4 years ago
Italian Husband Murders Nigerian Female Singer, Alizee and 4 year-old daughter
Entertainment10 months ago
Shocking! Chioma Chukwuka moves out of matrimonial home
News2 years ago
Access Bank Plc Launches Access9ijaKids for Children