Fraud, weak investor protection threaten diaspora investments – NiDCOM.
The Chairman and Chief Executive Officer of NiDCOM, Abike Dabiri-Erewa, raised the concerns at the opening of the ninth Nigeria Diaspora Investment Summit 2026 […] The post Fraud, weak investor protection threaten diaspora investments – NiDCOM appeared first on Vanguard News .
By Folarin Kehinde The Nigerians in Diaspora Commission (NiDCOM) has identified fraudulent investment schemes, unverified investment channels and weak investor protection as major obstacles to attracting investments from Nigerians living abroad.
She said the challenges had created a trust deficit that must be addressed to encourage more Nigerians in the diaspora to channel their resources into the domestic economy.
The summit, organised in collaboration with the Nigeria Diaspora Summit Initiative, has the theme, “Bridging the Trust Gap: Connecting Diaspora Capital with Credible Home-based Opportunities.” Dabiri-Erewa described Nigerians living abroad as a significant economic force, saying their financial resources, expertise and global networks could contribute substantially to Nigeria’s ambition of building a $1tn economy. She, however, noted that concerns about transparency, fraudulent investment schemes and unreliable investment platforms continued to discourage potential investors. The NiDCOM chief called for effective regulatory safeguards, transparent investment processes and credible investment platforms to protect prospective investors and restore confidence. In his keynote address, the Managing Director and Chief Executive Officer of the Federal Mortgage Bank of Nigeria, Shehu Usman Osidi, said the country must move beyond appealing to Nigerians abroad to invest and create an environment where they could independently verify, access and monitor investment opportunities from their locations.
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