SEC warns Nigerians against investing in unregistered WayvePay platform

Nigeria’s Securities and Exchange Commission, SEC, has warned Nigerians against investing successful a level known arsenic WayvePay.

In a connection astatine the weekend, the SEC warned the nationalist astir the “suspected fraudulent activities of WayvePay.”

According to the commission, the level is not registered to solicit investments from the nationalist oregon run successful immoderate capableness wrong the Nigerian superior market.

“The Commission hereby informs the nationalist that WAYVEPAY is not registered by the Commission to solicit investments from the nationalist oregon run successful immoderate capableness wrong the Nigerian superior market,” the committee stated.

The SEC’s informing comes amid the activities of unregistered concern companies successful Nigeria, which exposure members of the nationalist to the hazard of fraud and imaginable fiscal losses.