The Securities and Exchange Commission(SEC) has warned Nigerians about artificial intelligence (AI)-driven scams targeting investors with promises of guaranteed profits and fake celebrity endorsements.
In a statement on Sunday,September 28,2025,the commission recounted such platforms as CBEX, Silverkuun, and TOFRO as examples operating illegally by advertising AI-powered trading systems that promise unrealistic returns.
“These platforms are not registered or regulated by the SEC, yet they continued to mislead the public with false claims of AI-driven investments,” SEC warned.
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