In 2025, Nigerians have persisted to fall into the trap of flashy online platforms promising fast cash. Rather a couple of these platforms claim to offer tidy investment alternatives, but truly, they’re correct Ponzi schemes, pickle as a lot as amass cash from fresh customers and pay former ones, unless the entire lot crashes.
The Securities and Alternate Commission (SEC) has been warning the general public and calling out a majority of these faux investment companies.
Level-headed, folks are getting scammed, mostly as a consequence of these platforms are in all areas on social media, messaging apps, and even utilizing commercials with photos of standard figures.
To this level this year, SEC has exposed seven platforms which might perhaps perhaps perhaps well be now now not registered and are running illegal investment operations. Here they’re,
Pocket Option
Flagged: July 21, 2025
This platform claims to offer successful online investment advice. Nonetheless SEC figured out that it mainly operates on social media, and has all the indicators of a Ponzi plot. It’s now now not registered to offer any investment carrier in Nigeria.
Forsman & Bodenfors LTD (F&B)
Flagged: July 14, 2025
This one pretended to be the Nigerian division of a Swedish firm. It promised jobs but simplest after folks paid some cash and invited others. SEC investigated and talked about it’s correct a pyramid rip-off in conceal.
Worth Development Platform
Flagged: June 30, 2025
They promised guaranteed returns and rewards for referrals. SEC talked about this platform was clearly running admire a Ponzi utilizing folks’s cash to pay other folks and so that they don’t have a license to purpose.
CMTrading
Flagged: June 20, 2025
CMTrading frail faux variations of standard websites and even edited photos of Nigerian celebrities to convince folks it was valid. Nonetheless it no doubt wasn’t. SEC talked about it was making faux guarantees of excessive returns and utilizing a shady referral system.
Sapphire Scents Runt
Flagged: June 19, 2025
This heady scent tag started asking folks to speculate with them, even if they’re now now not allowed to offer any longer or less financial carrier. SEC talked about clearly that Sapphire Scents is now now not licensed to steal cash from traders.
CBEX (Crypto Bridge Alternate) / ST Technologies
Flagged: June 11, 2025
After CBEX collapsed and locked folks’s funds, it reappeared as “Natty Treasure” and started asking customers to pay additional sooner than they can withdraw their cash. SEC warned that neither the previous nor the fresh model is licensed, and motion has already started in opposition to them.
Punisher Coin ($PUN)
Flagged: June 5, 2025
This was a so-called “meme coin” pushed heavily online. Nonetheless SEC talked about there’s no valid challenge on the assist of it — correct a setup to pump the price after which dump the coin, leaving unparalleled traders with nothing.
