• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

SEC Alerts Public Over Illegal Cryptocurrency Trading Firm

by Nafisat Abdulrahman
8 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The Securities and Exchange Commission (SEC) has alerted the public about an illegal cryptocurrency trading firm, Marino FX Ltd, stating that the company was neither registered nor licensed to operate in the Nigerian capital market.

Advertisement

In a statement dated November 25, 2024, the SEC clarified that Marino FX Ltd, which claimed to be a licensed cryptocurrency exchange, was not authorised to function in any capacity within Nigeria’s financial market.

The statement read: “The SEC hereby notifies the public that Marino FX Ltd, who is parading itself as a SEC-licensed cryptocurrency exchange, is NOT registered or licensed by the SEC to operate in any capacity in the Nigerian capital market, including cryptocurrency exchanges. Any claim to the public by the company of its registration or license by the SEC is false and misleading.”

The regulatory body further cautioned Nigerians against engaging with Marino FX Ltd or its representatives, highlighting the risks of dealing with unregulated entities. “The public is hereby advised to exercise caution and refrain from engaging with Marino FX Ltd or any of its representatives. Transacting in the Nigerian capital market with unregistered and unregulated entities exposes investors to financial risks, including fraud and the potential loss of investment,” the statement added.

Reaffirming its commitment to safeguarding investors, the SEC assured the public of its efforts to eliminate scams and fraudulent activities in the market. “The SEC remains committed to protecting investors in the Nigerian Capital Market and is working diligently to curb scams and other fraudulent activities,” it stated.

RELATED

‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister

‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister

1 hour ago
Stowaways Risk Being Shot At Lagos Airports – Military Commandant

N712bn Lagos Airport Renovation Misplaced Priority — ADC

2 hours ago

The commission urged individuals to verify the status of any capital market operator through official SEC channels for their safety and to avoid falling victim to fraudulent schemes.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: SEC
SendShareTweetShare
Previous Post

Driver Killed, Police Escort Injured As Gunmen Kidnap Akwa Ibom Businessman

Next Post

Nigeria’s Unemployment Rate Rises To 4.3%

Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

You May Like

‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister
News

‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister

2025/08/03
Stowaways Risk Being Shot At Lagos Airports – Military Commandant
News

N712bn Lagos Airport Renovation Misplaced Priority — ADC

2025/08/03
JUST-IN: Aviation Minister Sacks All FAAN, NAMA, NCAA, NSIB, NiMET Directors
News

Federal Gov’t To Recoup N712bn Lagos Airport Renovation Spending In 3 Years Keyamo

2025/08/03
JUST-IN: Flights Diverted As Fire Breaks Out At Lagos Airport
News

‘We Are Rebuilding Lagos Airport To Become West Africa’s Aviation Hub,’ Says Federal Gov’t

2025/08/03
nigeria
News

North Not Marginalised Under Tinubu, Kaduna Gov Insists

2025/08/03
NHRC Seeks Protection Of Rights Of Older Persons
News

NHRC Condemns Closure Of Radio Station In Niger

2025/08/03
Leadership Conference advertisement

LATEST

‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister

‘You’ve Written Your Names In History,’ Tinubu Celebrates Victorious D’Tigress

‘A Golden Chapter For Nigeria’, Remi Tinubu Celebrates D’Tigress

Bandits Kill 11 Residents In Zamfara Villages

N712bn Lagos Airport Renovation Misplaced Priority — ADC

Federal Gov’t To Recoup N712bn Lagos Airport Renovation Spending In 3 Years Keyamo

JUST-IN: Nigeria’s D’Tigress Clinch 5th Consecutive FIBA Women’s AfroBasket Title

‘We Are Rebuilding Lagos Airport To Become West Africa’s Aviation Hub,’ Says Federal Gov’t

Ex-Katsina Central Senator Dumps APC For ADC

North Not Marginalised Under Tinubu, Kaduna Gov Insists

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.