07/01/2026
The Securities and Exchange Commission has warned the public against engaging with an online investment platform operating under the name Voya Investment Management, also known as VIM, over suspected fraudulent activities.
The warning was issued by the Securities and Exchange Commission, in a public notice signed by the Commissionโs management.
The notice comes after complaints that the platform falsely claims to be supervised by the SEC.
According to the SEC, Voya Investment Management is presenting itself as an investment platform offering services in Nigerian stocks and other financial instruments while claiming regulatory backing.
The Commission stated that the company is not licensed by the Commission to carry out any activity in the Nigerian capital market.
โThe attention of the Securities and Exchange Commission, Nigeria (โthe Commissionโ) has been drawn to the activities of an online investment platform known as, operating under the name Voya Investment Management (VIM) through its website. The operators of this platform claim to offer investment services in Nigerian stocks and other financial instruments purportedly under the supervision of the Commission. Voya Investment Management is also parading a certificate of identity verification purportedly issued by the Commission.
The Commission hereby informs the public that Voya Investment Management (VIM) is NOT REGISTERED or licensed by the Commission to carry out any activity in the Nigerian capital market,โ they stated.
The regulator further described VIMโs claims of approval as deceptive, stating that such representations are false, misleading and fraudulent.
Based on complaints received, the SEC said the activities show clear characteristics of illegal investment schemes designed to defraud unsuspecting members of the public.
