The Securities and Exchange Commission has issued a warning to the public regarding unregistered investment schemes, specifically highlighting Promiseland Estates Limited, Promiseland Building & Construction Limited, and UYJ Multitrade Limited.
In a statement on Friday, the SEC stated that it had taken note of the activities of certain entities falsely claiming to be investment advisers and fund managers in the Nigerian capital market.
“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.