SEC Nigeria flags ModMount: offshore licensing is not Nigerian registration

On the same day as its Aurum Bot alert, SEC Nigeria warned against ModMount Services Limited, a CFD broker offering forex, stocks, commodities and crypto to Nigerian investors while presenting itself as a licensed international operator. The doctrine in the warning matters more than the name: claimed offshore licensing does not substitute for Nigerian registration under ISA 2025. Every multi-asset platform marketing to Nigerian retail from abroad is on notice.