The Securities and Exchange Commission (SEC) has cautioned the public that registration with the Corporate Affairs Commission (CAC) or even interactions with the Economic and Financial Crimes Commission (EFCC) do not automatically make any investment scheme legal or credible.
Speaking at a press briefing in Abuja, SEC emphasized that only schemes registered and approved by the Commission can operate as legitimate investment opportunities. The regulator noted that many fraudulent platforms often present CAC certificates or claim to have complied with EFCC regulations as a ploy to deceive unsuspecting Nigerians.
The Commission urged the public to always verify any investment platform on its official portal before committing funds, stressing that investor protection remains a top priority.
 has cautioned the public that registration with the Corporate Affairs Commission (CAC) or even){kind=link}