Registration: SEC gives crowdfunding promoters June 30 deadline

By Obas Esiedesa, Abuja

The Securities and Exchange Commission has set June 30, 2021 as deadline for all existing investment crowdfunding portals/digital commodities investment platforms to comply with registration requirements or cease operations.

The Commission in a notice released on Wednesday directed promoters note the requirements and eligibility criteria for raising funds through and/or operating a Crowdfunding Portal and comply with the registration requirements.

According to the SEC, the rules governing Crowdfunding business in Nigeria came into effect on the 21st day…