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FG moves to buy tech solutions from Nigerian startups 

WIKIFX REPORT: Nigeria’s SEC says MBA Capital and Trading Ltd not registered

MBA Trading | 2022-06-10

Abstract：MBA Capital and Trading Limited is not a registered capital market operator with the Securities and Exchange Commission of Nigeria (SEC). This was stated in a statement signed by the SEC's management.

Nigerias Securities and Exchange Commission (SEC) has said that MBA Capital and Trading Limited is not a registered capital market operator with the Commission.

This was contained in a statement signed by the Management of the SEC.

According to the SEC, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to a publication in one of the National Daily Newspapers, in which a victim of an alleged scam perpetrated by MBA Capital and Trading Limited, Misan Sagay reportedly stated that he had verified ”on-line and ascertained that the company was registered with the Commission.

Read Also: Nigerias SEC takes over leadership of West Africa Securities Regulators Association

The Commission wishes to inform the general public that MBA Capital and Trading Limited has never been registered by the Commission. The Commission also uses this medium to remind the general public that by virtue of Section 38 (1) of the Investments and Securities Act (ISA) 2007, only persons and institutions registered with the Commission are permitted to engage in capital market activities.

The Commission, therefore, enjoins the investing public to seek clarification as may be required via its established channels of communication on investment products advertised through conventional or online mediums. A list of registered capital market operators is available on the Commissions website.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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FG moves to buy tech solutions from Nigerian startups 

Related Brokers

Not Regulated

MBA Trading

MBA Trading and Capital Investment Limited

https://www.mbatrades.com/

2.03

Score

5-10 yearsQuestionable Regulatory LicenseSuspicious Operational RegionHigh Potential Risk

2.03

Score

FCA Warns reclaim-experts.com: 7 Checks Before You Pay

The UK regulator classified the website as a clone of an authorised firm on 28 August 2026. The FCA says the genuine Reclaim Experts Ltd has no connection with the clone.

Original 2h

GODO Regulation for India: RBI Alert, Licence, Login, and Withdrawal Risk

People searching GODO regulation or regulation GODO should separate overseas licensing from permission in India. The Reserve Bank of India Alert List, updated 19 November 2025, names “GoDo FX” and godofx.com. RBI says listed entities are neither authorised to deal in forex under FEMA nor authorised to operate an approved forex electronic trading platform. GODO's legal documents name GODO LTD and a Mauritius FSC licence, but that overseas status does not create RBI authorisation. No cited court ruling proves fraud. The main checks are jurisdiction, domains, leverage, and withdrawals.

Original 2h

Succedo Markets Review 2026: The First Withdrawal Worked—What Happened Next?

Most traders who have opened accounts with Succedo Markets, a Saint Lucia-based brokerage entity, have reported withdrawal request denials after a pleasant first experience. Traders globally, including those from India, have made these complaints. Meanwhile, some traders have reportedly taken legal recourse to recover their stuck funds. The critical nature of these complaints made us share this in-depth Succedo Markets review. This review does not only examine user allegations but also shed light on its regulatory framework.

Original Two days ago

Tattvam Review 2026: Investigating Complaints Concerning Trade Executions

Did you encounter trade-related concerns with Tattvam, a Mauritius-based brokerage entity? Several users have reportedly accused the broker of cancelling profitable trades, allegedly citing scalping as the reason. At the same time, traders have reportedly expressed concerns over the lack of understanding among the broker officials about critical trading aspects such as copy trading. In this Tattvam review, we have carefully examined user-reported allegations. Additionally, we have given a regulatory overview of the broker.

Original In a week