The Nigeria Securities and Exchange Commission issued an illegal operator alert on Sapphire Scents Limited, stating that the company is holding itself out as an investment adviser and fund manager while promoting an unregistered investment scheme, and is not registered to operate in any capacity in the Nigerian capital market. The Commission advised the public to refrain from engaging with Sapphire Scents Limited or its representatives in relation to any capital market business, noting that anyone who does so acts at their own risk. It also reminded investors to verify the status of entities offering investment opportunities via the Commission’s verification portal before transacting.
Nigeria Securities & Exchange Commission 2025-06-19
Nigeria Securities and Exchange Commission warns public that Sapphire Scents Limited is not registered and is promoting an unregistered investment scheme
The Nigeria Securities and Exchange Commission issued an alert against Sapphire Scents Limited for promoting an unregistered investment scheme and falsely presenting itself as an investment adviser and fund manager. The Commission warned the public to avoid engaging with the company and advised verifying the status of investment entities through its verification portal.