SEC warns against transacting with Glorious Wealth Fund, says firm is unlicensed
The Securities and Exchange Commission (SEC) has warned Nigerians against transacting with an online investment platform known as Glorious Wealth Fund (GWF). In a statement on Thursday, the SEC…
SEC warns Nigerians against fake investment platforms, ponzi schemes
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has cautioned Nigerians to beware of online platforms promising unrealistic financial returns. Speaking on Channels Television’s Business Morning…
SEC warns Nigerians against investing in punisher coin
The Securities and Exchange Commission (SEC) has cautioned Nigerians against investing in a cryptocurrency called Punisher Coin, also known by the symbol $PUN. In a statement issued Sunday in…
ALERT: SEC warns Nigerians against investing in Tofro
The Securities and Exchange Commission (SEC) has warned Nigerians against investing in tofro.com, an alleged illegal investment platform posing as a cryptocurrency trading website. In a notice on Thursday,…
SEC asks Nigerians to report Ilegal investment schemes
The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action. The Commission said this…
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- Financial Crime
- April 1, 2025
- 146 views
Ponzi scheme operators risk jail term, N20m fine, SEC warns
The Securities and Exchange Commission, SEC, has warned that promoters and operators of any Ponzi Scheme in the country risk a penalty of not less than N20 million or…
SEC revokes Mainland Trust’s registration, suspends Centurion registrars
The Securities and Exchange Commission (SEC) has revoked the registration of Mainland Trust Limited and imposed an indefinite suspension on Centurion Registrars Limited, along with its directors and sponsored…
SCAM ALERT: SEC warns public against investing in ‘Pro-Vest, My Share’ schemes
The Securities and Exchange Commission (SEC) has warned the public against investing in ‘Pro-vest’ investment scheme and ‘My Share’ operating under UYJ multi trade Ltd. SEC in a…
Risevest Technologies not registered, refrain from transacting with them, SEC warns investors
The Securities and Exchange Commission (SEC) says Risevest Technologies Limited, the parent company of Risevest Cooperative Multipurpose Society Limited, is not registered to operate in any capacity in the…
