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Nigeria warns against Italy’s blacklisted firms

Securities and Exchange Commission (SEC) has warned the public against patronising firms blacklisted by Italy’s securities regulator, Commissione Nazionale per le Soecieta’ e la Borsa (CONSOB).

Nigeria’s apex capital market regulator reveals that CONSOB had blacklisted five additional e-commerce websites for offering unauthorised and fraudulent financial services.Information Guide Nigeria

As reported by THE NATION, the blacklisted websites included CMS or capmarketstrategy.io, Bitsterzio, Invest Atlas, Ether-Arena Limited and Ether-Arena Limited operating under veneab.co.


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Recall that CONSOB had ordered Internet Service Providers (ISP) operating in Italy to block public access to the blacklisted websites.NYSC Portal
CONSOB called on prospective investors to adopt the greatest diligence in making investment choices. It advised investors that common sense behaviors are essential to safeguarding one’s savings, including checking the registration status or otherwise of such e-commerce websites.

Meanwhile, SEC cautioned Nigerian investing public that the e-commerce websites were not registered by Nigeria.

THE NATION reports that SEC stated that the financial services offered by these e-commerce websites were also not authorised by the SEC.

SEC stated: “In view of the above, the general public is hereby warned that any person dealing with the above mentioned e-commerce websites is doing so at his or her own risk.”JAMB Result

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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