Access Holdings disowns Access Capital Investment and warns Nigerians

Access Holdings Plc has warned its clients and the public that it will not accept any liability for losses incurred in dealings with investment firm Access Capital Investment.

The financial institution said that Access Capital is not affiliated with Access Holdings or its subsidiaries, but the investment company uses its name and logo to deceive unsuspecting Nigerians.

In a statement issued to the capital market authority, Nigerian Exchange Limited (NGX) on Tuesday, Access Holdings, the parent company of Access Bank, said it had reported a disclaimer against Access Capital Investment to bodies responsible for enforcement of laws and regulations.

According to the lender, Access Capital Investment, also known as Access Capital Daily, attracts people with fictitious but mouth-watering returns on investment, which are not associated with Access Holdings.

“The attention of Access Holdings Plc, doing business as Access Corporation, has come to the attention of an online investment platform known and described as ‘Access Capital Daily Investment’ which has solicited members of the public to invest in its Access Capital Investment products (the Products) promising but appetizing fictitious returns on investment.

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“The Company notes with dismay the fraudulent use of its name and logo to mislead unsuspecting members of the public into believing that the Products are affiliated with and/or promoted by the Company or/or one of its subsidiaries or affiliates.

“The Company expressly dissociates itself, its affiliates, subsidiaries and/or agents from the activities, contracts, claims or commercial undertakings of Access Capital Daily Investment, Access Capital Investment and any other name, acronym or pseudonym by which they are known or associated.

“Members of the public are therefore advised that the Company, its subsidiaries and affiliates shall not be liable for any loss, damage and/or injury that anyone may suffer as a result of trading or dealing in the Products.” read the statement.

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