May & Baker Nigeria Alerts Public to Fake Investment Scheme

May & Baker Nigeria Plc issued a public notice dated 17th August 2026 disassociating itself from a fraudulent investment scheme being promoted under the name 'M&B Equity Stake' across social media, messaging applications and other online platforms. The scheme reportedly promises daily or guaranteed returns to members of the public.

The Company stated unequivocally that the scheme is fraudulent, unauthorised and not issued by or on behalf of May & Baker Nigeria Plc, its subsidiaries or affiliates. Any person, platform, flier, message or website soliciting funds in connection with the scheme has no authorisation from the Company.

May & Baker also confirmed that it is not currently undertaking any Rights Issue, Public Offer or other capital-raising exercise. The Company stated that any future capital-raising activity will be formally communicated through its authorised channels and conducted in compliance with applicable laws, Nigerian Exchange Limited requirements and other relevant regulatory authorities.

The notice was issued by order of the Board and signed by Company Secretary Adetoun Abiru (Mrs.) through Marina Nominees Limited, Secretaries.