3 entries.
SEC Nigeria revoked Kensington Agro Trading Limited's registration as a capital market operator with immediate effect, invoking Section 61(6) of the Investments and Securities Act 2025. It is the first publicised revocation under the new statute's authority. Grounds were not disclosed; commodity exchanges and investors were told to cease dealings. The significance is procedural: fourteen months after enactment, the Commission is using ISA 2025's teeth and not just its licensing forms. Operators registered under the pre-2025 framework should treat their compliance posture as due for audit.
SEC Nigeria issued a public warning declaring Aurum Bot, an online platform soliciting crypto investments, unregistered and unlicensed to operate in any capacity in Nigeria. It is one warning among many, and that is the point: under the Investments and Securities Act 2025 the Commission is running a steady surveillance-and-warning operation against unlicensed digital asset platforms, published through its circulars feed. Platforms soliciting Nigerian retail investors without ISA 2025 registration should assume they are visible.
On the same day as its Aurum Bot alert, SEC Nigeria warned against ModMount Services Limited, a CFD broker offering forex, stocks, commodities and crypto to Nigerian investors while presenting itself as a licensed international operator. The doctrine in the warning matters more than the name: claimed offshore licensing does not substitute for Nigerian registration under ISA 2025. Every multi-asset platform marketing to Nigerian retail from abroad is on notice.
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