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Gvest Global is ponzi scheme – SEC

Nigeria’s Securities and Exchange Commission (SEC) said its attention has been drawn to the activities of Gvest Global, “which holds itself out as an investment adviser/fund manager promoting unregistered investment schemes”.


According to the SEC in its recent public notice, “The company Gvest Global is also known and operates under the following names: Gvest (Alausa) Cooperative Multipurpose Limited, Gvest Investment Limited, and Gtext Holdings.”


The SEC said that neither Gvest Global nor any of the above-named entities is registered by the Commission either to solicit investments from the public or operate in any capacity in the Nigerian capital market.

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