By John Umeh
The Securities and Exchange Commission (SEC) of Nigeria has raised a red flag against a new investment outfit known as Silverkuun Investment Scheme, warning the general public to steer clear of the unregistered entity. In an official statement, the regulatory body cautioned Nigerians about the dangers of putting money into platforms that are not recognized or licensed under the country’s capital market laws.
According to the SEC, Silverkuun is not authorized to operate in any investment capacity within Nigeria and has failed to comply with the regulatory framework required for entities offering investment products or services. The Commission emphasized that any company or individual operating without proper registration poses a significant risk to investors, often luring unsuspecting individuals with promises of high returns that are unsustainable or fraudulent.
This latest warning comes amid a surge in financial scams across the country, where desperate economic conditions and the allure of quick profits have made many Nigerians vulnerable to investment traps. The SEC’s notice serves as both a legal declaration and a public awareness effort to prevent further financial losses and protect the integrity of the Nigerian financial system.
In line with its mandate, the Commission urged Nigerians to verify the registration status of any investment firm through its official channels before committing funds. The public is also encouraged to report suspicious investment schemes to the SEC for investigation and possible enforcement action.
As the Silverkuun case unfolds, the regulatory spotlight remains firmly on ensuring that only licensed and credible operators are allowed to function within the capital market space—highlighting once again the critical need for vigilance in today’s investment environment.
