SEC warns Nigerians against investing in unregistered WayvePay platform
Nigeria’s Securities and Exchange Commission, SEC, has warned Nigerians against investing in a platform known as WayvePay. In a statement at the weekend, the SEC warned the public about the “suspected fraudulent activities of WayvePay.” According to the commission, the platform is not registered to solicit investments from the public or operate in any capacity […] SEC warns Nigerians against…
The Nigeria Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians regarding a platform called WayvePay. In a recent statement, the commission cautioned the public about the "suspected fraudulent activities" associated with WayvePay. The platform, according to the SEC, is not authorized to solicit investments from the public or engage in any operations within the Nigerian capital market.
The commission emphasized, "The Commission hereby informs the public that WAYVEPAY is not registered by the Commission to solicit investments from the public or operate in any capacity within the Nigerian capital market." The warning is timely, as the SEC has been on high alert regarding unregistered investment companies operating in Nigeria, which put the public at risk of fraud and financial losses.
On August 21, the commission had already cautioned Nigerians against Gvest Global and three associated entities, specifically for promoting unregistered investment schemes.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
