Public Notice – AFRIQUANTUMX

The attention of the Securities and Exchange Commission (the Commission) has been drawn to the activities of AfriquantumX, which holds out itself as an investment platform trading on and selling cryptocurrency and stocks to investors in Nigeria.

The Commission hereby informs the public that AfriquantumX is NOT REGISTERED by the Commission either to solicit investments from the public or operate in any capacity within the Nigerian capital market.

Investigations have revealed that AfriquantumX has been actively promoted on social media platforms and online forums. Furthermore, its operations exhibit characteristics commonly associated with fraudulent Ponzi schemes. Accordingly, the public is advised to be cautious about investing with the said AfriquantumX, as any person who places investment or engages with the entity, 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 risk including fraud and potential loss of investment. The investing public is therefore reminded of the need to VERIFY the registration status of companies and entities offering investment opportunities on the Commission’s dedicated portal – www.sec.gov.ng/cmos, before transacting with them.

SIGNED
MANAGEMENT
October 6, 2025