NGX warns Nigerians about activities of scammers

The Nigerian Exchange Limited (NGX) has warned the investing public of the activities of suspected scammers falsely claiming to be the Group’s Chief Strategist.

The impersonator claiming to be Prof. Adebayo Oluwatokun was alleged have defrauded the unsuspecting public through an entity called “Value Gain.”

In a statement posted on its X, formerly Twitter, platform on Monday, NGX warned the public about the so-called “Prof. Adebayo Oluwatokun”  and an entity called “ Value Gain,” who were allegedly using a WhatsApp group titled “NGX GroupA7”  to deceive the public.

The notice read: “Our attention has been drawn to the activities of fraudulent entities, including one operating under the name “Value Gain” and a person falsely identified as “Professor Adebayo Oluwatokun.

“These individuals are impersonating NGX via a WhatsApp group named ‘NGX GroupA7’ to mislead the public.

“Neither ‘Value Gain’ nor the said individual is affiliated with NGX, its subsidiaries, or registered Trading License Holders. Any claims or communications from them are false and fraudulent.”.