WonderBanks:The way forward

It has become adamant that the Central Bank of Nigeria is trying all its best to curb the latest in the get rich quick(GRQ) syndrome thats domination the business atmosphere in Nigeria thereby creating an euthopia for investors who have keen interest in Risky Business.This has led to the latest effort by Securities and Exchange Commission (SEC) to foward the issue to Economic and Financial Crime Commission (EFCC) for investigation and law enforcement purpose.The steps taken by this government parastatals has made it so apparent that pressures are coming from Banks to pursue this course,thereby putting the companies involved in a tight corner.What is the way forward?
If i may say,its now left to the so labelled wonder banks to look for a way to operate without breaking all the rules and regulations of the government parastatals involved .Should they be issued license to operate as Micro Finance or go through the proper procedures of floating share or become registered discount houses ?
Investors in this schemes are burdened with their various capital injected into the wonder banks with anticipations for returns and the wonder banks are burdened with external pressure
which is in turn affecting there returns to investors or prolonging the time frame for cycling out.
It has become paramount for us to find out which of this companies are for real when they have greatly increased in numbers over a score.Its quite frightening at the alarming rate at which this companies are springing up all the country thereby making it very difficult to differentiate the real deal from the scams.Let us all bear in mind that this wonderbanks could as well pass as Investment Clubs,if not for the public nature they parade themselves.It has come to my notice that they are Registered Companies but they dont have the license to give out fixed return thereby making it obvious its not subject to market flow.It has been said that EFCC has investigated this companies and found nothing incriminating in there financial records while not bearing in mind that the process of collecting cash from people without going through proper channels is illegal. I have taken it upon myself to elaborate on each of this wonder banks and enlighten the public,not to discourage but inform since information is power and decision is a personal choice.
Check this blog everyday for Latest Information on wonder banks. by Adeniyi Ade-Onojobi