Suspected Activities
TUNBOSAYO OKEKUNLE STRATEGIC ALPHA FUND (TOSAF)

The attention of the Securities and Exchange Commission (the Commission) has been drawn to the activities of an online investment platform known as TUNBOSAYO OKEKUNLE STRATEGIC ALPHA FUND (TOSAF) through its website and various social media platforms, which holds itself out as an Investment platform that provides investors varied stock options and other financial instruments purportedly under the supervision of the Commission.

The Commission hereby informs the public that TUNBOSAYO OKEKUNLE STRATEGIC ALPHA FUND is NOT REGISTERED by the Commission to either solicit investments from the public or operate in any capacity within the Nigerian capital market.

Investigations have revealed that TUNBOSAYO OKEKUNLE STRATEGIC ALPHA FUND unlawfully displays the SEC logo on its platform in a manner intended to mislead the investing public, and also exhibit the typical indicators of a fraudulent Ponzi scheme, including the inability of investors to withdraw their funds after deposit.

Accordingly, the public is advised to refrain from investing with the said TUNBOSAYO OKEKUNLE STRATEGIC ALPHA FUND or any of its representative/agent in respect of any business pertaining or relating to the Nigerian capital market as any person who engages with the entity or its representatives does so at his/her own risk.

The Commission uses this medium to reiterate that transacting in the Nigerian Capital Market with unregistered and unregulated entities exposes investors to the risk of fraud including fraud and potential loss of investment.

The investing public is therefore reminded to VERIFY the status of companies and entities offering investment opportunities on the Commission’s dedicated portal: https:// home.sec.gov.ng/finteh-and-innovation-hub-fintport/registered-fintech-operators or www.sec.gov.ng/cmos, before transacting with them.

SIGNED
MANAGEMENT