Suspected Fraudulent Activities Of Voya Investment Management (VIM)

The attention of the Securities and Exchange Commission, Nigeria (“the Commission”) has been drawn to the activities of an online investment platform known as, and operating under the name Voya Investment Management (VIM) through its website https://investmemts.voya.com/ . 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. The certificate being paraded by Voya Investment Management was neither issued nor endorsed by the SEC, Nigeria as the Commission does not issue certificates of identity verification. Furthermore, claims by VIM that it is supervised, licensed, or approved by the Commission to undertake operations in the capital market are false, misleading and fraudulent. Complaints received by the Commission regarding the fraudulent activities of VIM and the misleading information by the company to the investing public that it is licensed by the Commission, bear clear characteristics of illegal investment schemes designed to defraud unsuspecting members of the public. Accordingly, the public is advised to refrain from dealing with Voya Investment Management ( VIM) , as any person who engages with the entity or its representatives does so at his/her own risk. The Commission hereby reiterates that transacting in the Nigerian capital market with unregistered entities exposes investors to financial risks including fraud and potential loss of investments. The investing public is therefore reminded to VERIFY the status of companies and entities purporting to offer investment opportunities in the capital market on the Commission’s dedicated portal – www.sec.gov.ng/cmos , prior to transacting with such companies and entities. SIGNED MANAGEMENT