May & Baker Nigeria Plc has distanced itself from a fraudulent investment scheme known as “M&B Equity Stake”, which is being promoted in the company’s name.
The pharmaceutical company warned members of the public to disregard any unauthorised investment solicitation claiming to be affiliated with May & Baker Nigeria Plc.
The company disclosed this in a public notice dated August 17, 2026, following reports that individuals and entities were allegedly using its name to solicit investments from unsuspecting members of the public.
What you should know
May & Baker said it does not authorise or endorse the “M&B Equity Stake” investment scheme and has no association with individuals or entities promoting the scheme.
The warning comes amid growing concerns over fraudulent investment offers that use the names and reputations of established companies to attract members of the public.
What they are saying
The company urged members of the public to disregard any investment solicitation or communication claiming to represent May & Baker Nigeria Plc in connection with the alleged “M&B Equity Stake” scheme.
May & Baker also cautioned the public against providing money or personal information to persons promoting the unauthorised investment offer in its name.
The company’s notice is aimed at preventing unsuspecting investors from falling victim to the alleged fraudulent scheme and clarifying that the solicitation has no connection with May & Baker Nigeria Plc.
