Capital Bancorp dissociates from Ponzi-like Investment

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Capital Bancorp dissociates from Ponzi-like Investment

A frontline diversified financial services group, Capital Bancorp Plc has advised the investing public to be wary of companies that offer unrealistic returns on investment to defraud unsuspecting investors.

Capital Bancorp has dissociated itself from a publication that guarantees 100 percent return on investment, being offered by a company impersonating it through a website: hosted on a website owned by a company called NameCheap, based in Panama.

A statement issued by Capital Bancorp’s Management to regulatory authorities and investing public indicated that only a money doubling scheme could guarantee such huge returns being offered on the website.

“The Management and Directors of Capital Bancorp Plc (Reg. No RC114135) call the attention of the general public, Central Bank of Nigeria (CBN) the Securities and Exchange Commission (SEC), The Nigerian Stock Exchange, NASD Plc, FMDQ Plc and other financial institutions, the Police and EFCC to a company using a website address of claiming to be and impersonating Capital Bancorp Plc. The website  is a vehicle designed to defraud members of the public.
“Those familiar with Capital Bancorp Plc will easily recognize that the offers are outside the operational mode of Capital Bancorp Plc which in its 33 years of operations has never been known to offer reckless investment instruments, not even in the heydays of finance houses with colourful operators as Forum and Umanah Umanah and such-like bogus finance houses. Capital Bancorp true to its rational and professional management has always survived and indeed prospered through all the turbulent periods in the financial services industry in the last 27 years.
“ The said company,  which has no physical address, has a mobile phone number. We hereby state categorically that the company probably exists only on the internet as it is not in any way affiliated with or related to Capital Bancorp Plc.
“ This fake virtual company. impersonating Capital Bancorp Plc has a Telegram handle. The website is hosted by a company called NameCheap Inc in Panama. It claims to offer over 100 percent interest on monies deposited or invested with it. This is clearly a money doubling scheme.
“ The general public is hereby strongly warned not to do any business with this fake virtual company; doing so will be strictly at the person’s own risk. Capital Bancorp Plc has no Telegram handle. If you come across any, kindly report to us. We are on Facebook, Twitter, Instagram and LinkedIn as Capital Bancorp Plc. And you can also check our website at
“ Capital Bancorp Plc is an Ordinary and Dealing Member of The Nigerian Stock Exchange, a Participating Institution in NASD Plc and registered by the Securities and Exchange Commission (SEC) as Issuing House and Broker-Dealer. Our Finance House subsidiary, Bancorp Finance Limited, is one of the 83 Finance Houses licenced by the CBN.
“ We are in good standing with all our regulators and advise members of the public to investigate the bona fides of all institutions offering them services.
Capital Bancorp outside its own Commercial Paper Issues, third party Commercial Paper Issues, Federal, State and Corporate Bond offerings offer no guaranteed returns on any investment.
“ For over 32 years, we have remained true to our Vision, Mission and Core Values, offering our clients and customers impeccable professional services that are defined by our unflagging commitment to integrity. When the offer is too good, it probably is too good to be true.”, says the statement.


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