Ponzi: Famzhi Boss Jailed Five Years for Investment Scam

19/06/2024

In a major boost to the enforcement activities of the Securities and Exchange Commission, the Managing Director of Famzhi Interbiz Ltd, Mariam Suleiman has been sentenced to five years’ imprisonment without the option of a fine for defrauding investors of over N2 billion. Justice Inyang Ekwo of Federal High Court, Abuja, found Suleiman and Famzhi Interbiz Ltd guilty on counts one and two of the […]

Blacklisting Of Six (6) Unregulated Online Trading Platforms

27/04/2023

19/04/2023 The Commission’s attention has been drawn to the under listed e-commerce Companies and their websites offering online trading platforms to the investing public. They are not registered by the SEC Nigeria and the financial services offered by them are also not authorized. Prime Invest and “Primeinv.co (Websites: http://primeinv.co and https://webtrader.pinvest.cc); FXBoxed (Websites: www.fxboxed.com and […]

Investors Alert – Blacklisting Of Five (5) Italian E-Commerce Websites

30/03/2023

22/03/2023 The Italian Securities Regulator, (Commissione Nazionale per le Soecieta’ e la Borsa – CONSOB) has blacklisted five (5) additional e-commerce websites for offering unauthorized and fraudulent financial services. The blacklisted websites are: CMS Ltd (capmarketstrategy.io, with its page https://client.capmarketstrategy.io); Bitsterzio(https://www.bitsterzio.com); Invest Atlas (https://investatlas.co) Ether-Arena Ltd (www.ether-arena.com); and Ether-Arena Ltd (https://veneab.co, with its page: https://clientzone,vineab.com ). […]

Ponzi: Court Sets March 16 for Trial of Vektr Capital & 2 Ot

13/02/2023

Justice Zainab Abubakar of the Federal High Court, Court 4, Abuja has set March 16, 2023 for the commencement of trial of Vektr Capital Global Group along with two staff of the company, Mr. Solomon Edet Solomon and Mr. Zakari Haruna for allegedly operating as fund managers without registration by the Securities and Exchange Commission […]

Blacklisting Of Four (4) Italian E-Commerce Companies

22/12/2022

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to a report that the Italian securities regulator, (Commissione Nazionale per le Soecieta’ e la Borsa – CONSOB)  has blacklisted four (4) e-commerce companies and blocked their websites for fraudulent e-trading and unauthorized offering of financial services. The blacklisted companies and their […]

Activities Of Some Unregistered Investments Schemes

17/03/2022

The Securities and Exchange Commission (“SEC”), on March 14, 2022 shut the offices of the following companies: OXFORD INTERNATIONAL GROUP/OXFORD COMMERCIAL SERVICES FARMFORTE AGRO ALLIED SOLUTIONS LIMITED/AGROPARTNERSHIPS VEKTR CAPITAL INVESTMENT/VEKTR ENTERPRISE   The Commission hereby notifies the investing public that none of these entities is registered by the SEC and the Investment Schemes promoted by […]

Activities Of FinAfrica Investment Limited (Chinmark Group)

25/12/2021

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (FINAFRICA INVESTMENT LIMITED). The Company claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and uses the funds in entities under Chimark Group. The Commission hereby notifies […]

Activities Of Poyoyo Investment (Pilvest) Nigeria Limited

24/12/2021

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the electronic and WhatsApp messages being circulated to investors on behalf of Poyoyo Investment (PILVEST) Nigeria Limited. The electronic message indicates a proposal to investors to invest in guaranteed investments with the following types of investment plans: Option A which is […]