In a decisive move to combat illegal investment activities and cleanse the Nigerian capital market of fraudulent operators, the Securities Exchange Commission (SEC) announced the closure of Ready Finance Investors Limited’s premises. The enforcement action took place on Tuesday, with the company’s office situated in the Garki Area of Abuja being sealed and shut down.
According to a statement released by Infostride News on Thursday, the SEC’s intervention is a part of broader initiatives aimed at eliminating fraudulent practices within the capital market. This proactive approach is intended to provide a conducive environment for legitimate businesses to flourish and build investor confidence.
The SEC’s statement outlined that Ready Finance Investors Limited was sealed for its involvement in a variety of financial investment services and schemes that raised suspicions of operating a covert Ponzi scheme. The company allegedly entices clients with promises of fixed returns on investment, depending on the specific package chosen by the client.

One critical revelation highlighted in the statement is that Ready Finance Investors Limited is not registered with the Commission to conduct any activities in the capital market. This lack of registration categorizes its operations as illegal, prompting the SEC to take swift action. The case is currently within the jurisdiction of law enforcement agencies, undergoing a criminal investigation with the possibility of subsequent prosecution.
This enforcement action signifies the SEC’s commitment to maintaining the integrity of the capital market, protecting investors from unscrupulous practices, and fostering an environment conducive to ethical and legal financial operations. The closure of Ready Finance Investors Limited serves as a stern warning to other entities engaging in illegal investment activities, emphasizing the regulatory body’s dedication to upholding the rule of law within the financial sector.
Investors and stakeholders are urged to remain vigilant and conduct thorough due diligence before engaging with any financial service provider to ensure compliance with regulatory standards and safeguard their investments. Infostride News will continue to monitor developments related to this case and provide updates as necessary.
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