SEC flags PWAN, PWAN MAX as illegal schemes, cites Ponzi red flags

SEC Discloses PWAN MAX Is Unregistered, Advises Public Against Its Activities - Brand Spur

Regarding the activities of the Property World Africa Network (PWAN MAX), which has been requesting money from gullible investors while posing as a real estate investment company, the Securities and Exchange Commission (SEC) has strongly cautioned the public. The authenticity of PWAN/PWAN MAX’s operations has been seriously questioned when the SEC emphasised that the company is not registered with the Commission to operate in any capacity within…

SEC flags unregistered investment schemes by PWAN/PWAN MAX

Nigeria’s Securities and Exchange Commission (SEC) has advised the general public to be wary of the operations of Property World Africa Network (PWAN) and its associated entity PWAN MAX, adding that the real estate outfit is operating outside laid-down regulatory frameworks. In a public notice circulated by the Commission, the SEC stated that PWAN/PWAN MAX is not registered to solicit funds from investors or engage in any form of capital raising…

SEC Warns Nigerians Against Investing in PWAN MAX - Economic Confidential

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in “Property World Africa Network” (

SEC flags PWAN, PWAN MAX as illegal schemes, cites Ponzi red flags

The Securities and Exchange Commission (SEC) of Nigeria has issued a strong public advisory against Property World Africa Network (PWAN) and its affiliate platform PWAN MAX, warning that both entities are operating illegal investment schemes that could defraud unsuspecting Nigerians. In a detailed statement released on Tuesday, the Commission declared that PWAN and PWAN MAX are not registered or licensed to engage in any form of capital market a…