Run Away from Silverkuun Investment, Silverkuun Limited, Sec Warns Nigerians

The Securiry and Exchange Commission, SEC has Warned Nigerians Against Investing in Silverkuun Investment Cooperative Society and Silverkuun Limited

The Commission disclosed that these entities are not registered or authorized to operate within Nigeria’s capital market, posing serious financial risks to unsuspecting investors.

In an official statement released on Wednesday, the SEC clarified that Silverkuun Investment Cooperative Society and Silverkuun Limited do not hold any valid registration or license from the Commission to function as investment advisers, fund managers, or any other regulated financial entities.

“The activities of these groups are outside the scope of the law regulating capital markets in Nigeria. Investors should be wary of such unregulated schemes that often masquerade as lucrative investment opportunities but are inherently risky and potentially fraudulent,” the statement read.

The SEC emphasized that engaging with unregistered and unauthorized entities exposes investors to the risk of losing their funds without any legal recourse.

The Commission warned that such entities lack regulatory oversight, which is essential for protecting investor interests and ensuring transparency.

To help Nigerians avoid falling victim to fraudulent investment schemes, the SEC urged the public to:
• Always verify the registration status of companies offering investment products via the SEC’s official portal at www.sec.gov.ng/cmos.
• Be skeptical of promises of unusually high returns with little or no risk.
• Report any suspicious investment schemes or solicitations to the SEC immediately.

Dr. Emomotimi Agama, Director-General of the SEC, reiterated the Commission’s commitment to safeguarding investors and maintaining the integrity of Nigeria’s capital market.

He warned that the SEC would take decisive legal action against individuals or organizations operating without authorization, including shutting down their operations and prosecuting promoters under the law.

“The protection of investors remains our highest priority. We are continuously enhancing our efforts to detect and dismantle fraudulent schemes to ensure the Nigerian investment landscape remains secure and trustworthy,”.Dr. Agama stated.

The SEC is intensifying its investor education programs, which include digital awareness campaigns, workshops, and the introduction of capital market literacy in schools.

These initiatives aim to empower Nigerians with the knowledge necessary to identify legitimate investment opportunities and avoid scams.

The SEC’s warning against Silverkuun Investment Cooperative Society and Silverkuun Limited serves as a crucial reminder for Nigerians to exercise vigilance and due diligence before investing their money. Only by dealing with registered and regulated entities can investors protect their assets and contribute to a safer financial environment in Nigeria.

For more information or to report suspicious activities, members of the public are encouraged to visit the SEC’s official website or contact their nearest SEC office.