NewStats: 3,261,326 , 8,173,691 topics. Date: Wednesday, 28 May 2025 at 08:25 PM 5o6t3q6z3e3g |
PWAN Not Licensed To Operate In Nigeria, SEC Warns Investors (17816 Views)
free2ryhme: 6:54am On May 07 |
TouchNfollow: Nigerians too easy to scam |
Menclothing1: 6:55am On May 07 |
They will be selling 1hec of land to unlimited number of people
2 Likes |
oluxy(m): 6:55am On May 07 |
TouchNfollow: If they don't have license to operate and they went ahead, is there no agency in charge of that to get them arrested under the law before they defraud Nigerian? There should be agency that deal with unlicensed businesses especially the ones that requires investors. 2 Likes |
Ofemannnu: 6:56am On May 07 |
HeatSeeker:I know PWAN personally.It is owned by Mr Onwumere or something and his wife. To my mind,they are legitimate and they are a real estate entity.They have been operating for more than 13 years. The problem is their being in the capital market as what? 1 Like |
owolabi5: 6:56am On May 07 |
My people are after the RETURN ON CAPITAL. They care less about the RETURN OF CAPITAL. Which is more important? ![]() 4 Likes |
ElevationD: 6:58am On May 07 |
SmartPolician: I understand that. But sometimes I feel that there are witch hunters within the leadership and financial sector operators of the country. Is it not possible that someone somewhere has not had his hands greased? I am not representing the organization in anyway. Did SEC approach the organization to ascertain how it is run and demand registration for clarity? Last year year I saw their advert on purchase of lands from to resell at a higher rate in the future. Can it be the issue in contention? 1 Like |
Ofemannnu: 6:59am On May 07 |
Menclothing1:It is a lie. They have been clean all this while. I have known them since 2019. Their problem is poking nose into the capital market. The capital market deals with financial assets like stocks and bonds, while real estate involves investing in tangible assets like properties. 3 Likes |
omojeesu(m): 6:59am On May 07 |
What really is Ponzi? Please help give examples! |
AntiChristian: 7:00am On May 07 |
Them no go hear!
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abuaasiyah1: 7:00am On May 07 |
Guyman02: U mean they have been doing that for the past 12 years ,I feel there is more to this 2 Likes |
SmartPolician: 7:03am On May 07 |
ElevationD: Sorry, bros. Government agencies don't go to companies to ask them to . Instead, you go to them. You probably haven't run a company before and that's totally okay. That comment you quoted is the solution now. Nobody is witch hunting anybody. If you want to do a business in a country, follow the due process and do the right thing. I have a ed company and I had to personally get my CAC and SCUML for it. They didn't beg me to come and it; I went to them. That's due process. 4 Likes |
remele2(f): 7:04am On May 07 |
And my landlord sold his house bcus they promised him 50percent interest on investment.. Gave me quit notice,,,I don kuku pack out 2 Likes |
harsysky(m): 7:13am On May 07 |
njokuuche77: SEC should be scrapped. I have known PWAN for 3 years now and it is now, just now, they are sensitizing the public about PWAN activities? I sincerely think that some of the SEC Officials might be the faces behind some ponzis. 3 Likes |
lamentor78(m): 7:16am On May 07 |
TouchNfollow: Nigerians no dey listen o |
agentarcher(m): 7:16am On May 07 |
More information is needed. I know some of their agents. What exactly is the ponzi scheme behind their operations? Are they getting lands illegally? Or did they suddenly shift into real estate scams?
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Resurgent2016: 7:18am On May 07 |
Ofemannnu: Dont be a joker. Legitimately selling land to people without them being able to take custody of it after 10 years? Lands that likely does not belong to them 2 Likes |
diverseconcepts: 7:21am On May 07 |
real estate is not a financial institution ![]() ![]() |
ogascomax: 7:21am On May 07 |
Don't just warn but go ahead to arrest such companies.
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Nodogragra4me(m): 7:21am On May 07 |
BlueStripper: That a business is not ed doesn't automatically makes it a ponzi scheme. While not holding briefs for Pwan, I can attest to the fact that they own numerous estates within calabar. I have their hean and their business is a pragmatic one that you can see. You buy land from them and receive your title documents and if you need to resell, they can help you You can advance them money to be buying estates and reselling... Just different investment in landed property They have been to my clubhouse at different times including during our end of year party to make their presentation and And questions on their operations |
SmartPolician: 7:23am On May 07 |
agentarcher: The statement didn't say they run a Ponzi scheme. It says they are not licensed. The company just needs to send one of their workers to meet the SEC so they can get that license. That company is too big for this. |
Nodogragra4me(m): 7:24am On May 07 |
Resurgent2016: You bought land through them and couldn't custody after ten years? 1 Like |
004gist: 7:24am On May 07 |
ElevationD: When SEC insured you it means that investors funds are insured. If the company is liquidated then investors funds are secured. They are warning now and u are saying otherwise. Why collect money from public when you aren't following processes in securing funds of investors |
one4GOD(f): 7:25am On May 07 |
TouchNfollow:how did you guys handled the fraud carried out by those who ed with SEC abeg make unah shift abeg. In fact make I just keep quiet |
njokuuche77(m): 7:26am On May 07 |
harsysky: Seriously I was thinking same. 1 Like |
ArewaNightmare: 7:29am On May 07 |
DolapoX: ππ I just burst out of laughter π |
remele2(f): 7:29am On May 07 |
Hisroyalbeat:Pple don loose guard Already na... My landlord don sell him house use the money invest |
Nodogragra4me(m): 7:29am On May 07 |
njokuuche77: Cbex is reported to have cleared all their liabilities |
phemmie06(m): 7:33am On May 07 |
Tears π pro max loading. Nigerians won't learn lessons, someone was telling me he would have made it in CBEX if he was aware. If truly you're willing to invest, why not invest in stocks with less than 350 you can be a unit shareholder in MTNN, get up to 8 units of UBA etc, with 5000, you can invest in government bond, it opens every month. Stop throwing away your hard earned money |
Resurgent2016: 7:33am On May 07 |
Nodogragra4me: Not just me, there are hundred or thousands of people affected but somehow it has not been a big talking point online, probably because people are still hoping they have not been deceived. They will take you to a bush and claim the road is covered by bushes, so they cannot show you where the land is. All the estates they sold since 2013 in Ibeju Lekki, not one single one has been developed. They cannot even show people where the land is. 1 Like |
ambale(m): 7:34am On May 07 |
But na land PWAN dey sell now, so where did this one emanates from again,?
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agentarcher(m): 7:34am On May 07 |
SmartPolician: Until they get their license, it will be seen as a ponzi scheme. Because they will only get it if their promise on returns is achievable. If it's not, then they will never get it. |
diverseconcepts: 7:36am On May 07 |
I have 120Hectares for sale in ABIJO GRA, Lagos State facing the coastal road and its going to be 20mins to drive to V.I once the first phase is completed. Selling from 5hectares upward. Titled: ed survey and Lagos State CofO
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