The Securities and Exchange Commission (SEC) has issued a public warning against GVEST Global and its associated entities, GVEST (Alausa) Cooperative Multipurpose Limited, GVEST Investment Limited, and GTEXT Holdings, for promoting unregistered investment schemes in Nigeria.
According to the release signed by the management, “neither GVEST GLOBAL nor any of the above-named entities is REGISTERED by the Commission either to solicit investments from the public or operate in any capacity in the Nigerian capital market”.
Investigations further revealed that the firm has been aggressively promoted on social media and online platforms, with its operations displaying features commonly linked to Ponzi schemes.
The SEC cautioned the public to avoid engaging with GVEST Global or any of its representatives, stressing that individuals who transact with such unregistered operators do so at their own risk.
The commission further urges investors always to verify the registration status of any investment company or promoter on the Commission’s official portal (www.sec.gov.ng/cmos) when transacting with them
