May & Baker Nigeria Alerts Public to Fake Investment Scheme

May & Baker Nigeria Plc issued a public notice dated 17 August 2026 and filed with the Nigerian Exchange Limited on 18 August 2026, alerting the investing public to a fraudulent investment scheme being circulated under the name 'M&B Equity Stake.' The scheme is reportedly spreading through social media, messaging applications and other online platforms, and promises daily or guaranteed returns to prospective participants.

The company states unequivocally that it, its subsidiaries and affiliates have no association with the scheme. It further confirms that any person, platform, website, flier or message soliciting funds in the company's name in connection with this scheme is acting in a fraudulent and unauthorised capacity.

May & Baker Nigeria also confirmed in the filing that it is not currently undertaking any Rights Issue, Public Offer or other form of public capital-raising exercise. The company stated that any legitimate future capital-raising activity will be communicated through its official channels and conducted in line with applicable laws, Nigerian Exchange Limited requirements and other regulatory frameworks.

The notice was signed by Company Secretary Adetoun Abiru of Marina Nominees Limited on behalf of the Board.