Re: Activities Of An Illegal Operator IBSmartify Nigeria
The attention of the Commission has been drawn to the activities of iBSmartify Nigeria the promoters of a Blockchain known as iBledger (iBcashcryptocurrency) and InksNation.
The general public is hereby advised that neither the promoters of iBSmartify Nigeria nor the illegal products they offer are registered or regulated by the Commission.
In view of the above, the general public is hereby WARNED that any person dealing with the said entity and others in the same business in any manner whatsoever, does so at his/her own risk.
https://sec.gov.ng/re-activities-of-an-illegal-operator-ibsmartify-nigeria/For our Nigerian crypto enthusiast out there, just be careful of this iBSmartify, they are not registered to Nigerian SEC so chances are, the people behind can pull a exit scam and then BOOM, all your money gone.
There's a good chance that I'm just a person from the West that doesn't understand reality, but my idea of Nigerian governmental institutions is corruption and other crimes done by people in power. If that's not the case and Nigerian SEC is legit and really guaranteeing that no scam gets official 'green light', then it's great. I'm not saying that iBSmartify is legit, I'm just saying that not being regulated in Nigeria is probably not a big argument pro or against trustworthiness.
Now to the project itself. Google reviews of this project are very positive, but this could of course be bought. Their promises of urbanization and eradication of poverty sound great, but again might not be what it's really about. They are an NGO which is usually a good thing. It's probably a scam, but IMO not necessarily. I would not risk investing though.