FG Warns Nigerians Against Investing In Davido’s Meme Coin
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

FG Warns Nigerians Against Investing In Davido’s Meme Coin, Gives Reasons

Adam PR by Adam PR
June 15, 2024
in ENTERTAINMENT
0
FG Warns Nigerians Against Investing In Davido’s Meme Coin, Gives Reasons
20.7k
SHARES
20.7k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The Securities and Exchange Commission (SEC), has issued a warning to Nigerians against investing in the meme coin allegedly linked to Nigerian singer, David Adedeji Adeleke, popularly known as Davido, stating that it lacks value.

According to the SEC, any member of the public who invests in the coin and others like it does so at their own risk.

The warning was contained in a statement via the SEC website on Friday.

The Commission warned that it does not recognize $Davido coin as an investment product or investable asset class under its regulatory purview.

The full statement reads: “The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to a meme coin known as “$Davido” allegedly linked to the popular Nigerian singer, David Adedeji Adeleke AKA Davido.

“Generally, meme coins are cryptocurrencies inspired by memes and internet jokes. They are often envisaged as a fun, light-hearted cryptocurrencies promoted through a social media community and sometimes through celebrity endorsements. Meme coins are also NOT intended to serve as a medium of exchange accepted by the public as payment for goods and services, or as digital representation of capital market products such as shares, debentures, units of collective investment schemes, derivatives contracts, commodities or other kinds of financial instruments or investments.

ALSOREAD

FG Imposes Tax On Hookup Girls, Yahoo Boys Under New Law

Trending Video Of Davido Being Slapped After Show In Delta

Tax ID Now Compulsory For Nigerians: What You Should Know

Elon Musk Makes Declaration Amid FG’s Threat Over Sowore’s Anti-Tinubu Tweet

FG Rushes To Tighten Border Control As ‘Deadly’ Ebola Virus Kills 16 In Fresh Outbreak

“The general public is HEREBY ADVISED that meme coins lack fundamental value and are purely speculative. The general public is further WARNED that investing in meme coins, including $Davido, is highly risky and should be done with a full understanding of the associated risk.

“Capital Market Operators are by this Notice warned not to associate with instruments that fall outside the SEC’s regulatory purview. Such instruments should not in any manner be distributed or monitored through any capital market mechanism.

“PLEASE NOTE that the Commission does not recognize $Davido as an investment product or investable asset class under its regulatory purview, as such individuals who patronize it, do so at their peril.

“The Commission will continue to monitor developments within the ecosystem and will not relent in deploying its regulatory powers as and when required.”

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: CoinDavidoFGSEC
Previous Post

Man Sentenced To Jail For Removing C0ndom Without Consent During $€×

Next Post

JUST IN: ICPC Reacts As $£x Scandal Rocks Nigeria’s Foreign Affairs Ministry

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

VIDEO: Portable Causes Chaos At Port Harcourt International Airport
ENTERTAINMENT

VIDEO: Portable Causes Chaos At Port Harcourt International Airport

October 9, 2025
VIDEO: Lady's Br£asts Falls From Her Top While Dancing With Chris Brown
ENTERTAINMENT

VIDEO: Lady’s Br£asts Fall From Her Top While Dancing With Chris Brown At Concert

October 9, 2025
GWR: Mandy Kiss Backtracks On Planned Marathon Sex With 100 Men In Lagos
ENTERTAINMENT

GWR: Mandy Kiss Backtracks On Planned Marathon S£x With 100 Men In Lagos

September 28, 2025
Popular Radio Personality In Serious Trouble Over Viral Roadside Twerking Video
ENTERTAINMENT

Popular Radio Personality In Serious Trouble Over Viral Roadside Twerking Video

September 20, 2025
Trending Video Of Davido Being Slapped After Show In Delta
ENTERTAINMENT

Trending Video Of Davido Being Slapped After Show In Delta

September 16, 2025
VIDEO: The Dramatic Moment Naira Marley Was ‘Attacked’ On Stage In Cotonou
ENTERTAINMENT

VIDEO: Dramatic Moment Naira Marley Was ‘Attacked’ On Stage In Cotonou

September 8, 2025
Next Post
ICPC

JUST IN: ICPC Reacts As $£x Scandal Rocks Nigeria's Foreign Affairs Ministry

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Man Flees For His Life After Been Caught Sleeping With Another's Man Wife

    VIDEO: Man On The Run After Been Caught Sleeping With Another’s Man Wife

    25380 shares
    Share 10152 Tweet 6345
  • VIDEO: Female Prison Officer Caught Having S£x With Inmate Inside Cell

    26482 shares
    Share 10593 Tweet 6621
  • VIDEO: Lady’s Br£asts Fall From Her Top While Dancing With Chris Brown At Concert

    21771 shares
    Share 8708 Tweet 5443
  • Corps Members Reportedly Caught Having Sex In Orientation Camp

    22668 shares
    Share 9067 Tweet 5667
  • VIDEO: Lady Disgraced In Lekki After Being Caught Hiding Dollar Bills In Her Private Part

    23001 shares
    Share 9200 Tweet 5750
  • Youths Strip Queen Naked, Beat King, Prince During New Yam Festival In Ondo

    21495 shares
    Share 8598 Tweet 5374
  • Man Caught His Wife Having S£x With Thier Pastor On Matrimonial Bed

    22928 shares
    Share 9171 Tweet 5732
  • I Invited My Friend To Record – Sudent In Viral Sex Tape With Her Teacher Speaks

    21403 shares
    Share 8561 Tweet 5351
  • Assistant Headmaster Suspended After He Was Seen F0ndling Student’s Br£asts In Viral Video

    21385 shares
    Share 8554 Tweet 5346
  • VIDEO: Nigerian Lecturer Caught S3xu@lly Harassing Female Student In A Disturbing Clip

    22448 shares
    Share 8979 Tweet 5612

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved