Speaking on the risk factors involved in investing at home, Sekibo said Nigerians living in diaspora need information about how and where to invest their monies.
His words, “Concerning the risk factor, you just don’t give money to somebody to invest for you. You need adequate information, you need facts and there is need to know the kind of structures available and the regulations. Also, they need to know the boundaries and on what basis they are doing this investment. All these information are required and that is why we are we are here as a bank to give Nigerians in Diaspora all this information”.
“Our mission in this 3days conference is to tell them yes there are regulations, yes there are opportunities they can get involved in back home but how do you go about them? We have had many people in diaspora complain about their family members swindling them of their monies, that is not to say it is all family members that are bad, we have also had some family members doing good job in investing monies for their families abroad and most times. We are now in a technology age where you can go online and get whatever information you want. There is what we call Nigerian Investors Promotion Council, their website has all the necessary information which you can tap from” he stated.
Sekibo further stated, “You can stay here in the United States and monitor your own business through technology because majority of those things can be done online. Technology can enhance all these rather than go through people, but you need information on what is available, so you know the pitfalls before taking a decision”.
Asked how political instability affects investments, Sekibo said, “In every country, there is political instability, politics is part of the risk that you need to factor into play but today, I can strongly say that politics does not define our economic potentials in Nigeria. For example, Agriculture thrives without politics and you can invest in it and get the kind of values you need to get because it has nothing to do with politics”.