The Securities and Exchange Commission (SEC) has issued a warning to the public regarding the ‘Pro-vest’ and ‘My Share’ investment schemes, both of which operate under names not registered by the regulator.
SEC has identified UYJ Multitrade Limited, which claims to function as an Investment Adviser/Fund Manager in the Nigerian Capital Market and promotes the ‘My Share’ scheme, as unregistered and unauthorized to conduct business in any capacity.
Furthermore, the commission highlighted the activities of Promiseland Estates Limited and Promiseland Building & Construction Limited, linked to Pro-Vest, urging the public to avoid any investment with these entities.