- SEC advises the public to avoid engaging with these companies or investing in the Pro-Vest scheme
- The company has been falsely portraying itself as an investment adviser and fund manager, prompting the SEC to advise the public against engaging with UYJ Multitrade Limited or its representatives
The Securities and Exchange Commission (SEC) issued a warning to the public regarding unregistered investment schemes, such as Promiseland Estates Limited and Promiseland Building & Construction Limited’s Pro-Vest.
These entities falsely claim to be investment advisers and fund managers in the Nigerian capital market, attracting unsuspecting investors.
EDITOR’S PICK
- Police Hand Over N35m Relief Cheques to Next of Kin of Deceased, Injured Officers (Photos)
- Bandits Kidnap Bishop Kukah’s Brother, 6 Others in Kaduna
- Yemen’s Houthis Give Israel Four-Day Ultimatum Over Gaza Aid Restrictions
SEC advises the public to avoid engaging with these companies or investing in the Pro-Vest scheme
“The commission hereby notifies the investing public that Promiseland Estates Limited and Promiseland Building & Construction Limited are not registered to operate in any capacity in the Nigerian capital market,” SEC stated.
SEC also issued a cautionary statement regarding UYJ Multitrade Limited, which operates an unregistered investment scheme known as My Share.
The company has been falsely portraying itself as an investment adviser and fund manager, prompting the SEC to advise the public against engaging with UYJ Multitrade Limited or its representatives.
FURTHER READING
- Impeached South Korean President Released From Detention
- LASU Students Set to Protest Over Missing Graduate
- Lagos High Court Adjourns Obasa Removal Suit to Monday
“The investing public is reminded to confirm the registration status of any company or entity offering investment opportunities through the Commission’s dedicated portal before engaging with them,” the statement added.
