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The SEC has issued a cease and desist directive against unauthorised promotional and pre-marketing activities tied to a purported Dangote Refinery public offerSEC confirmed that no IPO or public offer application has been filed with or approved by the Commission, warning that ongoing marketing constitutes market manipulationCapital market operators have been directed to remove all unauthorised materials and refund all collected deposits within 24 hours
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Securities and Exchange Commission (SEC) Nigeria has issued a cease-and-desist directive against all misleading and manipulative promotional, solicitation, and pre-marketing activities relating to a purported securities offering of Dangote Petroleum Refinery & Petrochemicals FZE.
The directive was published on the Commission’s official X account on Tuesday, June 23, 2026, and signed by Management.
SEC Cracks Down on Dangote Refinery IPO Promotions, Orders Immediate Refund of Investor FundsSource: UGC
SEC stated clearly that
