By Obas Esiedesa, Abuja

The management of PWAN/PWAN MAX has denied any rift with the Securities and Exchange Commission (SEC) over the allegation that it was operating a Ponzi Scheme.

The company, in a statement by its Managing Director, Leslie Ejiro, explained that it was not in conflict with the Commission.

“This has and will NEVER be condoned by PWAN /PWAN MAX that such statement or perceived statement will be made or emanate from the establishment either through its staff, alias, or affiliate respectively.

“In this light, we hereby reiterate that we totally disclaim in full and entirety any and all such public statements made in the newspapers or dailies as stated above.

“PWAN/PWAN MAX remains committed to operating with the highest standards of regulatory compliance, transparency, and client trust.

“As a responsible, law-abiding, and ethically driven organization, we wish to assure our esteemed clients, partners, and stakeholders that we are currently engaging constructively and comprehensively with the Securities and Exchange Commission through appropriate legal and regulatory channels to address the matters raised”, Ejiro added.