Security and Exchanges Commission (SEC) is the apex regulator of the Nigerian capital market. The commission recently issued a public notice, listing the registered as well as illegal fund managers:
The Securities and Exchange Commission hereby informs the investing public that the following companies and the funds they manage are not registered with the Commission.
Efforts are being made to ensure that capital market operators registered with the Commission for one function and performing other functions are brought to book.
S/NO NAME OF FUND MANAGER HEAD OFFICE LOCATION
1 SEFTEG Nig. Company Lagos
2 Wealth Zone Ltd Lagos
3 Wilamas Ventures Lagos
4 Money Field Ltd Lagos
5 Nospetco Oil and Gas Ltd Lagos
6 Standard Chartered Securities Ltd Lagos
7 The Brokers Ltd Ibadan
8 Treasure Line Interlink Ltd Ibadan
9 GoldPower Unique Services Ltd Ibadan
10 Fantastic Options Ltd Ibadan
11 Wealth Solution Ltd Ibadan
12 Divine Success Ibadan
13 Silver Trust Ltd Ibadan
14 Toddering Enterprises Ibadan
15 Spring of Wealth Ltd Ibadan
They then went on to list 67 registered Fund Managers.