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flag Nigeria shut down 400+ fake investment platforms, warns citizens to verify registrations before investing.

flag The Nigerian Securities and Exchange Commission (SEC) has shut down over 400 fraudulent investment platforms in the past three years, director-general Emomotimi Agama said at a Lagos forum. flag The SEC has intensified enforcement, launched the “SEC Scam Alert” initiative, and urged all 2,000 market operators to display registration details. flag Agama warned Nigerians to verify both operator and product registration before investing, as unregistered entities lack legal authority. flag The commission has arrested and prosecuted individuals behind scams. flag Nairametrics CEO Ugodre Obichukwu emphasized the growing need for financial literacy amid economic instability.

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