Mudi@MudiTheInvestor
@Afrinvest response to this situation is deeply concerning.
A system glitch on their platform executed multiple unsolicited trades on investors’ accounts… and now they’re asking those same investors to bear the financial consequences?
Let’s be clear:
These were not user-initiated transactions.
No investor placed those orders.
This was a broker-side failure.
Yet the resolution being offered is:
“Fund your wallet or sell the shares.”
So investors are now forced to:
• Inject fresh cash to fix a problem they didn’t create, or
• Sell positions they never intended to hold
And here’s an even bigger question nobody is answering:
Who pays for the transaction costs?
Because every trade comes with:
• CSCS charges
• Broker commissions
• SEC/NGX fees
• VAT and other taxes
If these trades were triggered by a system glitch, why should investors also bear:
the cost of execution… and the cost of reversing it?
That means investors could lose money even if they immediately sell, simply because of fees tied to trades they never authorized.
How is that acceptable?
Ownership of the shares is being used as justification, but let’s not ignore the core issue:
Consent.
These trades were executed without investor authorization.
In any fair and properly regulated market:
• Unauthorized trades should be reversed, or
• The institution at fault should absorb all associated costs
Not pass everything onto the customer.
This is bigger than Afrinvest.
It’s about market integrity, investor protection, and accountability.
Because if this becomes the standard, then every retail investor is exposed to system risks they cannot control…
…and still forced to pay for.
That should worry all of us
