SEC warns Nigerians against AI-driven scams…moves to Deploy Advanced Surveillance SystemsThe Securities and Exchange Commission (SEC) has raised concerns over the rising use of artificial intelligence (AI) by fraudsters to deceive unsuspecting investors, warning that Nigerians must be cautious of online platforms promising guaranteed profits and using fake celebrity endorsements. To counter the trend, the Commission announced that it is adopting advanced surveillance systems capable of detecting fraudulent activities in real time. “These platforms are not registered or regulated by the SEC, yet they continue to mislead the public with false claims of AI-driven investments. This has made traditional fraud detection methods less effective, hence the need for tech-enabled regulation and greater public awareness,” the SEC said. “Any investment that guarantees unrealistic returns or uses manipulated videos of public figures should immediately raise a red flag,” the Commission advised.