The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians, advising the public to steer clear of GVEST Global, a company it described as operating outside the bounds of regulatory approval. According to the Commission, GVEST Global is neither a registered investment adviser nor a licensed fund manager, and as such, lacks
12 August 2025 The Securities and Exchange Commission (SEC) Nigeria has intensified its call for complete transparency in cryptocurrency transactions as part of efforts to combat fraud and protect investors in the country’s rapidly growing digital asset market. Speaking at a stakeholders’ engagement in Abuja, SEC representatives emphasised that the anonymity often associated with crypto
The Securities and Exchange Commission (SEC) has revealed that it is actively probing 79 suspected Ponzi schemes currently operating within Nigeria. This sweeping investigation underscores growing concerns about fraudulent investment activities undermining investor confidence and financial stability across the country. According to an official statement from the SEC, these schemes span various states and have
Abuja, Nigeria – June 11, 2025The Securities and Exchange Commission (SEC) has issued a strong warning to the Nigerian public against engaging with CBEX (Crypto Bridge Exchange), also operating as Super Technology or ST Technologies International Ltd, citing unauthorized investment operations across the country. In an official statement released on Tuesday, the Commission revealed that
