Nigeria’s Securities and Exchange Commission (SEC) has sounded the alarm to Nigerians over investing in four blacklisted Italian e-Commerce platforms.
In a statement issued on its website on Thursday, SEC said the Italian authorities blocked the four companies over fraudulent trading activities.
The statement by SEC said it received a report that the Italian securities regulator, Commissione Nazionale per le Societa’e la Borsa, blacklisted the four platforms and blocked their sites for fraudulent activities and offering unauthorized financial services.
