The promise can sound almost too good to ignore, Invest ₦50,000 today and receive ₦100,000 in a few weeks, Deposit money and earn guaranteed daily returns, Invite three friends and unlock a higher investment package. A stranger on WhatsApp sends you screenshots showing how much money they have supposedly made. In today's digital environment, investment opportunities can reach Nigerians through WhatsApp, Facebook, Instagram, Telegram, TikTok, websites and private messages. But not every platform presenting itself as an investment opportunity is legitimate. In a public notice issued in May 2026, Nigeria's Securities and Exchange Commission (SEC) warned about the increasing promotion of unregistered online investment schemes across social-media platforms and websites. The Commission said some of these schemes display characteristics of Ponzi or prohibited investment schemes and advised members of the public to verify the registration status of investment operators befo...