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Nigeria: Don’t invest in Risevest, Stecs cooperative societies, SEC warns — Africa Links 24

Nigeria: Don’t invest in Risevest, Stecs cooperative societies, SEC warns — Africa Links 24

Africa Links 24 with Agency Report
Published on 2025-01-26 16:48:44

Securities and Exchange Commission, SEC, has warned the public against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Ltd. and Stecs (Alausa) Multipurpose Cooperative Society.

The commission, in a circular issued on Sunday, said that neither of the entities was registered, nor authorised to operate in the capital market.

“The attention of SEC has been drawn to the activities of Risevest (Victoria Island) Cooperative…

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