Head of Financial Investigation, Independent Corrupt Practices and other Related offences Commission (ICPC), Mr Adedayo Kayode, has advised retiring officers venturing into business to be wary of “rich-quick investment” to escape fraudsters.

“Shun enticing and rich-quick investments to avoid being victims of fraud or scams,” Kayode said.

He gave the advice during a one-day investment forum organised by the management of Transcorp Hilton Hotel for its members of staff in Abuja.

The official said in his paper titled “guarding against scam in the process of investment and retirement”, “if you are just starting to invest, you may not be more vulnerable than people who consider themselves experienced.

“The key in either case is to learn as much as you can about how traditional investment work, ask lots of questions, do lots of research.

“Don’t invest if you don’t understand the product or you don’t trust the person or firm selling it to you and always be on the alert for a possible fraud or scam,” he advised.

The General Manager of the hotel, Mr Etienne Gailliez said the forum was part of the hotel’s efforts to ensure better future for its retirees.

Gailliez said the training was designed to help the future retirees of the company to adequately prepare for their physical, emotional and financial well-being in retirement.

He said the organisation was concerned about the welfare of the staff while serving as well as on retirement.

“Basically, the objective of this forum is to look after employees not only when they are at work but after the work because we know that one day, they will leave the job.

“What  they do after they have left is also our concern, so that is why we design the programme with a lot of packages which include wealth creation, success strategies for SMEs, among others.

“Being a flagship of hospitality industry, we have been grooming others; we thought it fit to impact the staff with useful knowledge that would help them in future.”

Director of Human Resources of the hotel, Mr Yusuf Ishaya, said the forum was meant to ensure that the staff still lived meaningful lives after serving the organisation.

Chief Executive Officer, Advance Management Academy, Abuja, Mr Peter Oyeneye said retirement age was the period of disengagement from active work when the employee had reached retirement age set by employer.

Oyeneye said there was the need for workers to start early savings to make adequate plan for retirement because it was an inevitable period that no one could stop.