Mr. Bayo Iwu, Founder and CEO of Kivatron, a multinational arbitrage firm, said that although Nigeria’s investment climate has great potential, the prevalence of corruption and fraud in the society is suffocating the business environment. , he said, is being prevented from realizing its full potential.
In a statement released to correspondents on Saturday, Iwu stressed that Nigeria’s reputation has been tarnished by the actions of certain individuals, who have become almost “pariahs” in the business world.
He therefore called on the Federal Government to tackle the scourge of corruption to restore the country's image in the international business community.
“Nigeria faces international challenges from corruption, which affects reputation and limits business opportunities,” he said.
Iwu further said that China’s strict anti-corruption policies should serve as an example for Nigeria’s business sector to emulate. “Countries like China have strict anti-corruption policies, making them more attractive to investors,” he said.
“To compete in the world, Nigeria must address corruption and promote transparency. Nigeria must take decisive action against corruption to compete favorably in the 21st century business environment.” I have to take it.”
Despite these challenges, Iwu highlighted Kaibatron’s success in Nigeria’s arbitrage market. Founded in June 2022, the company eliminates traditional investment risks by procuring large quantities of goods and currencies at low prices and reselling them at a profit.
“Kyvatron’s innovative approach has attracted investors looking to combat inflation and financial instability, delivering returns of up to 23% per month. “We plan to increase the value of the investment and provide safe investment opportunities,” he added.
