Tag: regulation

“NAM 1” or Legit? Save your money from scammers!

There are four letters of one little word that can change your life for the worst, in just about the same amount of time that it takes to pronounce it… SCAM!  Replace ‘SC’ with ‘N’ and add a ‘1’ on the end you get NAM 1, perhaps the number one reason why many Ghanaians think that every financial institution that has since him dared to even whisper the words “invest with us” is a… SCAM!

Not much compares to the heart-wrenching agony of losing money that you invest, with the intent of the exact opposite happening! For readers who are unfamiliar with the ‘NAM 1’ reference, a quick Google search should sort you out, but in short, he’s a man who made a lot of people extremely unhappy because they lost extreme amounts of money through investing with his businesses.

Naturally, as with many profitmaking ventures, investment comes with risk and crazy things happen even to the most legitimate of businesses – e.g., the current global pandemic. That being the case, there are still a number of things that you can and most definitely should look out for before investing.

Verify Claims and Credentials

When it comes to financial fraudsters, looks truly can be deceiving. Many bogus investment people and businesses go out of their way to outwardly appear “successful”, hoping that will be enough to get you to hand your money over to them. Always verify their claims of legitimacy with bodies that they should be regulated, and or licensed by to lawfully operate, just as you can find that Dalex Finance, the parent company of Dalex SWIFT is duly licensed and regulated by the Bank of Ghana here.  

Go a step further to find out about the board and managers, what type of experience and qualifications they have, to be extra sure that your money will be in safe hands. General news items about the company can also give you a fair idea of public perception of them.

Take Your Time – It’s your money!

“Rush now”, “Limited time only”, “Before it’s too late” and other such claims should raise some red flags. Yes, it’s true that legitimate businesses also use those types of tactics for special offers and deals, but if you’re consistently being pressured to invest quickly, take a step back and make sure you’ve thoroughly done your checks before making a decision.

Ask – Why? How? What If?

Another thing that should raise flags for you is if the company is unwilling or unable to answer questions about how they operate and make money, why they’re right for you and your investment needs, what procedures are followed in sharing and claiming returns, and of course what should happen in the event of anything going wrong. The FAQs on the company’s website are usually a good place to start. You can check out our own, right here!

Just as there are bad investment deals, there are also ones that are as good as they are true. Dalex SWIFT is definitely one of the good ones, but don’t just take it from us – do the checks and ask the questions.

We’ll be ready and waiting once you find out for yourself that we can indeed safely say invest with us.

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