UPDC PLC Issues Scam Warning Over Fake Investment Opportunity

UPDC PLC published a public disclaimer dated June 22, 2026, warning members of the public about fraudulent activity involving the company's name and brand. According to the filing, certain individuals on various social media platforms have been circulating false information about an investment application or opportunity purportedly on behalf of or in association with UPDC PLC, including representations about returns and other financial benefits.

The company stated categorically that it has not authorized any individual, group, or entity to develop, promote, market, or represent any such investment application or opportunity. UPDC described all such representations as false, misleading, and unauthorized, and stated that it bears no responsibility for any loss or damage arising from reliance on these claims.

The company indicated it will take legal action against persons or entities responsible for disseminating the false claims and will pursue all available legal remedies to protect its name, brand, reputation, and intellectual property rights.

UPDC directed the public to verify information exclusively through its official channels, including its website at www.updcplc.com, email at info@updcplc.com, and its dedicated Investor Relations Officer reachable at investorrelations@updcplc.com or +2348084403078. The disclaimer was signed by Company Secretary Folake Kalaro.