Written by Ayo Onikoi
Nigeria’s investment climate has potential, but corruption and fraud are hampering the business environment, according to Bayo Chisom Iwu, founder and CEO of multinational arbitrage firm Kaibatron. That’s what it means.
In an exclusive interview, Mr. Iwu stressed that Nigeria’s reputation has been tarnished by the actions of some individuals who have become almost pariahs in the business world. “Nigeria is facing international challenges from corruption, impacting its reputation and limiting business opportunities,” he said.
Mr Iwu cited China’s strict anti-corruption policies as an example for Nigeria to follow. “Countries like China have strict anti-corruption policies, making them more attractive to investors,” he noted.
To compete globally, Nigeria needs to tackle corruption and promote transparency. “Nigeria must take sharp action against corruption to compete favorably in the 21st century business environment,” Iwu stressed.
Despite the challenges, Kaibatron has achieved success in the Nigerian 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. The company plans to expand its operations in Nigeria, raise awareness about arbitrage and provide safe investment opportunities.
