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SUSPECTED FRAUDULENT ACTIVITIES OF
WAYVEPAY Published: October 10, 2026

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The attention of the Securities and Exchange Commission (the Commission) has been drawn to the activities of an online investment platform known as WAYVEPAY, which operates through its website https://punchng.com/dangote-refinery-ipo-launches-on-digital-banking-platform/ as well as various social media platforms and a Mobile App.

The Commission hereby informs the public that WAYVEPAY is not registered by the Commission to 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 the said WAYVEPAY or any of its representative/agent in respect of any business relating to the Nigerian capital market, as any person who engages with the entity or its representatives does so at their own risk.

The Commission uses this medium to reiterate that transacting in the Nigerian Capital Market with unregistered and unregulated entities exposes investors to the risk of fraud and potential loss of investment.

The public is therefore advised to VERIFY the registration status of companies and entities offering investment opportunities through the Commission’s dedicated portal at 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

OCTOBER 9, 2026

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