The Securities and Exchange Commission (SEC) has identified a potentially fraudulent investment platform known as Tofro.Com (Tofro) and has issued a warning to Nigerians to be cautious of their tactics, which involve soliciting funds through promises of substantial returns.
Papers News reports that SEC gave this warning in a statement released on Thursday, May 1, 2027.
In the notice, the SEC cautioned that the suspected investment platform presents itself as a cryptocurrency trading venue, emphasizing that this investment scheme is not registered with the Commission.