Securities and Exchange Commission (SEC) has issued a warning to Nigerians against investing with GVEST Global.
Gatekeepers News reports that SEC described the company as an unregistered fund manager and investment adviser involved in illegal schemes.
According to the regulator, GVEST Global operates under multiple names, including GVEST (Alausa) Cooperative Multipurpose Limited, GVEST Investment Limited, and GTEXT Holdings, none of which are licensed to solicit investments or operate in the Nigerian capital market.
Investigations revealed that the company has been heavily promoted across social media and online platforms, with its activities exhibiting features commonly linked to Ponzi schemes.
The commission cautioned that individuals who engage with GVEST Global or its affiliates do so at their own risk.
The SEC further advised Nigerians to always confirm the registration status of any company offering investment opportunities through its official website before committing their funds.
