Suspected Fraudulent Activities Of Modmount Services Limited

The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to the activities of an online investment platform known as ModMount Services Limited , which holds itself out as a financial services provider and Contract for Difference (CFD) broker offering investment opportunities in forex, stocks, indices, commodities, and cryptocurrencies. Investigations by the Commission have revealed that the operators of ModMount Services Limited claim that the company is incorporated in Seychelles and authorised by the Financial Services Authority (FSA) of Seychelles. In addition, the entity solicits funds from members of the Nigerian public and encourages investors to remit monies through bank accounts domiciled in Nigeria. The Commission has also received information indicating complaints of withdrawal difficulties, aggressive solicitation practices, and other conducts inconsistent with fair market practices. The Commission hereby informs the public that ModMount Services Limited is not registered or licensed by the Commission to either solicit investments from the public or operate in any capacity within the Nigerian capital market. Accordingly, the public is advised to refrain from investing with ModMount Services Limited in respect of any business pertaining or relating to the Nigerian capital market as any investment activity carried out in Nigeria is illegal, and any person who engages with the entity or its representatives does so at his/her own risk. The Commission uses this medium to reiterate that transacting in the Nigerian Capital Market with unregistered and unregulated entities exposes investors to financial risks including fraud and potential loss of investment. The investing public is therefore reminded to VERIFY the status of companies and entities offering investment opportunities on the Commission’s dedicated portal: https:// home.sec.gov.ng/finteh-and-innovation-hub-fintport/registered-fintech-operators or www.sec.gov.ng/cmos , before transacting with them. SIGNED MANAGEMENT JANUARY 19, 2026