Nigeria: Stanbic IBTC Asset Management Launches Anti-Scam Campaign to Protect Mutual Fund Investors

Stanbic IBTC Asset Management has rolled out a robust anti-scam initiative aimed at safeguarding mutual fund investors from fraudulent activities. This effort responds to an uptick in scams targeting fund holders, often involving misleading messages and incorrect account details.

In a recent statement, the company noted a surge in inquiries about the authenticity of messages related to mutual fund subscriptions. Many of these fraudulent communications include inconsistent account numbers, causing confusion and anxiety among investors.

To address these concerns, Stanbic IBTC Asset Management has launched an educational campaign designed to equip customers with the knowledge needed to protect their investments. The initiative has three key objectives:

1. Educating Investors: Provide clear and accurate information about the mutual fund subscription process, empowering clients to make informed decisions.
2. Promoting Verification: Encourage customers to verify payment account details for mutual fund transactions, ensuring due diligence and the legitimacy of financial communications.
3. Raising Scam Awareness: Highlight common tactics used by fraudsters, keeping customers informed and vigilant against potential scams.

Busola Jejelowo, Chief Executive of Stanbic IBTC Asset Management, emphasized the importance of safeguarding clients in today’s complex financial environment.

“At Stanbic IBTC, our top priority is our customers’ financial safety. We are fully committed to providing the security they need to manage their investments with confidence.”

This campaign reaffirms Stanbic IBTC’s dedication to customer protection and financial transparency, ensuring a secure investment journey for all its clients.