SEC disowns Voya Funding, warns public of unauthorised operations
The Securities and Alternate Fee has cautioned Nigerians towards partaking with Voya Funding Administration, describing the web funding platform as unlicensed and unauthorised to function in Nigeria’s capital market.
In a public discover launched on Wednesday, the regulator stated Voya Funding Administration, which operates by way of investmemts.voya.com, falsely presents itself as a agency licensed or supervised by the Fee.
In accordance with the SEC, the platform claims to offer funding companies in Nigerian equities and different {financial} devices below regulatory oversight that doesn’t exist.
“The operators of this platform declare to supply funding companies in Nigerian stocks and different {financial} devices purportedly below the supervision of the Fee,” the fee stated.
The SEC additionally addressed claims by Voya Funding Administration that it possesses a certificates issued by the regulator.
“Voya Funding Administration can also be parading a certificates of identification verification purportedly issued by the Fee.
“The Fee hereby informs the general public that Voya Funding Administration is NOT REGISTERED or licensed by the Fee to hold out any exercise within the Nigerian capital market.
“The certificates being paraded by Voya Funding Administration was neither issued nor endorsed by the SEC, Nigeria because the Fee doesn’t problem certificates of identification verification.
“Moreover, claims by VIM that it’s supervised, licensed, or authorized by the Fee to undertake operations within the capital market are false, deceptive and fraudulent.”
The fee disclosed that complaints obtained about VIM recommend it could be working an unlawful funding scheme able to defrauding unsuspecting members of the general public, notably by way of misleading claims of regulatory approval.
“Accordingly, the general public is suggested to chorus from coping with Voya Funding Administration, as any one that engages with the entity or its representatives does so at his/her personal threat,” the SEC reiterated.
The regulator additional suggested traders to substantiate the registration standing of firms by way of its official portal earlier than committing funds, warning that transactions with unregistered entities expose traders to critical {financial} dangers, together with fraud and potential lack of capital.
The SEC famous that the warning follows the same advisory issued in December 2025 towards one other on-line platform, Wonderful Wealth Fund, which was additionally discovered to be working with out regulatory approval.