Nigeria, Dec. 7 -- Nigeria's Securities and Exchange Commission has warned the public to avoid an online investment platform known as Glorious Wealth Fund, saying the entity is not registered to operate in the country's capital market.

The regulator said its attention was drawn to the activities of the platform, which claims to offer investment services in Nigerian stocks and other financial instruments through its website, gloriouswealthfund.com.

The commission made this known in a statement on Friday.

"The Glorious Wealth Fund (GWF) is not registered or licensed by the Securities and Exchange Commission (SEC) Nigeria to carry out any form of capital market activity in the Nigerian capital market," the statement said.

It added that c...