By 
The Securities and Exchange Commission (SEC) has announced the launch of a comprehensive investigation into FF Tiffany, an entity allegedly involved in a massive fraudulent investment operation that has defrauded thousands of Nigerians both locally and abroad.
In a statement, the SEC revealed that FF Tiffany is one of 79 ongoing investigations into unregistered and potentially fraudulent schemes. Preliminary findings suggest that the entity promised investors unusually high and unrealistic returns, leading to losses amounting to several billions of naira.
According to the Commission, the alleged activities of FF Tiffany pose a serious threat to investor confidence and the integrity of Nigeria’s financial system. It reassured the public that it is working closely with law enforcement agencies to hold those responsible accountable under the Investment and Securities Act.
The SEC reiterated its longstanding warning against participating in Ponzi schemes or investment ventures not registered with the Commission. “These schemes offer no legal protection to investors and often collapse, resulting in severe financial losses,” it stated.
To prevent further victimization, the SEC advised Nigerians to verify the registration status of any investment platform via the Commission’s official website or communication channels before committing funds.
In line with its investor protection mandate, the SEC has also intensified its nationwide awareness campaigns to combat the spread of fraudulent schemes. The initiative, led by SEC Director General Dr. Emomotimi Agama, includes the distribution of educational materials and direct engagement with traders and communities.
Speaking after a recent sensitization exercise, Dr. Agama emphasized the importance of vigilance, stating, “It is critical that Nigerians understand the risks of investing in unregulated schemes. If it sounds too good to be true, then it likely isn’t true.”
He added that public feedback has been encouraging, with many calling for more awareness drives to expose the dangers of Ponzi operations. “By enlightening more Nigerians, we hope to reduce the number of victims and restore trust in the financial ecosystem,” he said.
The SEC reaffirmed its commitment to protecting investors, ensuring market transparency, and maintaining the credibility of Nigeria’s capital market as it continues to pursue enforcement actions and deepen regulatory oversight.
Comments