{"id":60008,"date":"2025-01-27T10:33:53","date_gmt":"2025-01-27T10:33:53","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=60008"},"modified":"2025-01-27T10:33:53","modified_gmt":"2025-01-27T10:33:53","slug":"sec-warns-nigerians-against-risevest-stecs-investment-schemes","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/01\/27\/sec-warns-nigerians-against-risevest-stecs-investment-schemes\/","title":{"rendered":"SEC Warns Nigerians Against Risevest, Stecs Investment Schemes"},"content":{"rendered":"<p><strong>By Adenike Lawal<\/strong><\/p>\n<p>The Securities and Exchange Commission (SEC), has cautioned Nigerians against investing in Risevest (Victoria Island), Cooperative Multipurpose Society Limited and Stecs (Alausa), Multipurpose Cooperative Society. In a circular from its Abuja headquarters, the SEC declared that both entities are unregistered and unauthorized to operate in Nigeria&#8217;s capital market.<\/p>\n<p>The Commission flagged Risevest for soliciting public investments under the guise of capital market operations and expressed similar concerns about Stecs\u2019 \u201cCommodity Mudarabah Investment Series I.\u201d<\/p>\n<p>SEC emphasized that neither entity is authorized to conduct capital market-related business, rendering their investment schemes unapproved and risky.<\/p>\n<p>Nigerians are advised to avoid financial dealings with these organizations to prevent potential fraud and financial losses.<\/p>\n<p>The SEC urged investors to confirm the registration and authorization of investment platforms to safeguard their assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal The Securities and Exchange Commission (SEC), has cautioned Nigerians against investing in Risevest (Victoria Island), Cooperative Multipurpose Society Limited and Stecs (Alausa), Multipurpose Cooperative Society. In a circular from its Abuja headquarters, the SEC declared that both entities are unregistered and unauthorized to operate in Nigeria&#8217;s capital market. The Commission flagged Risevest [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":60009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-60008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/60008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=60008"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/60008\/revisions"}],"predecessor-version":[{"id":60010,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/60008\/revisions\/60010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/60009"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=60008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=60008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=60008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}