SEC Nigeria warns the public off Aurum Bot, an unlicensed crypto investment platform

On 30 January 2026, SEC Nigeria issued a public warning against Aurum Bot, an online platform soliciting cryptocurrency investments from Nigerian retail investors without registration or a licence. The Commission declared the platform unauthorised to operate in any capacity in Nigeria. The warning itself carries no penalty.

The warning forms part of a broader pattern. SEC Nigeria's circulars feed has been issuing illegal-operator alerts at an accelerating rate since the Investments and Securities Act 2025 took effect, with public naming functioning as the first rung of an enforcement ladder that also includes licence revocation, as in the Kensington Agro revocation signed 9 February 2026.

Registration under ISA 2025 is required of any platform soliciting investment from Nigerian retail investors, regardless of where the platform is based, and SEC Nigeria is actively identifying operators that have not registered.