The Securities and Exchange Commission (SEC) has issued a stark warning to Nigerians against engaging in any investment activities with the unapproved platform, ‘Gvest Global’. The SEC explicitly labeled it a Ponzi scheme and revealed that ‘Gvest Global’ operates as an investment fund manager and advisory, promising high returns to investors. However, neither is registered nor recognized by the SEC. This follows a similar warning issued against several other fraudulent platforms flagged for posing financial risk to Nigerians. The SEC stressed the dangers of such schemes and urged citizens to exercise caution. The release further explains that ‘Gvest Global’ has been operating under different names – GVEST (ALAUSA) COOPERATIVE MULTIPURPOSE LIMITED, GVEST INVESTMENT LIMITED, and GTEXT HOLDINGS – but lacks official registration from the SEC. The warning serves as a crucial reminder for investors to verify platform legitimacy before engaging in any investment activity.**