May & Baker disowns fraudulent investment scheme, warns investors
May & Baker Nigeria Plc has distanced itself from a fraudulent investment scheme being promoted in its name. The post May & Baker disowns fraudulent investment scheme, warns investors appeared first on Nairametrics .
The pharmaceutical company May & Baker Nigeria Plc has distanced itself from a fraudulent investment scheme called M&B Equity Stake. In a public notice dated August 17, 2026, the company warned the public against any unauthorized solicitations claiming affiliation with the firm. May & Baker disclosed that it has no connection to the promoters of the scheme and does not endorse or support any investment programs outside its official communication channels and regulatory disclosures.
Any solicitation for funds in the name of May & Baker Nigeria Plc in connection with an "M&B Equity Stake" or similar investment opportunity is fraudulent and unauthorized. The company emphasized that all legitimate corporate actions, including dividends and shareholder-related matters, are communicated through approved channels.
Investors are advised to exercise caution, verify investment opportunities, and report suspicious solicitations to relevant authorities. May & Baker urged stakeholders to confirm information through its official website, the Nigerian Exchange Limited, and the Securities and Exchange Commission before making investment decisions.
The warning reflects the company's effort to protect shareholders and the investing public from financial fraud. This comes as online investment scams and identity fraud targeting prominent businesses and individuals continue to rise. Earlier this year, Nairametrics issued a similar disclaimer distancing its Founder and Chief Analyst from AI-generated videos falsely portraying him promoting stock investment groups.
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