Parthian Partners Limited, Nigeria’s first inter-dealer broker (IDB) and a leading financial services provider has publicly dissociated itself from a fraudulent mobile application known as Value Gain/Schroder.
According to Parthian Partners, the app falsely claims affiliation with the company and its Securities and Exchange Commission (SEC)-issued inter-dealer brokerage license.
About Parthian Partners Limited
Parthian Partners is a prominent financial services firm in Nigeria, specializing in inter-dealer brokerage, fixed-income trading, structured finance, equities, mergers and acquisitions advisory, corporate finance advisory, and financial integration.
The company is licensed and regulated by the SEC to provide a range of investment banking and brokerage solutions.
Value Gain/Schroder Mobile App
The Value Gain/Schroder mobile application, available on the Google Play Store, offers features such as portfolio monitoring, investment impact visualization, access to market insights, and secure online trading.
It also claims to allow users to download financial documents, such as tax and asset statements.
The app falsely asserts an affiliation with Parthian Partners Limited, alleging that it operates under the company’s SEC-approved inter-dealer brokerage license.
Parthian Partners’ Disclaimer
In response, Parthian Partners issued a formal disclaimer to warn the public about the fraudulent app. The statement reads:
“Parthian Partners Limited wishes to alert the general public about a fraudulent mobile application named Value Gain/Schroder currently available on the Google Play Store.
“This app falsely claims to operate under the Parthian Partners Limited inter-dealer brokerage license issued by the Securities and Exchange Commission.
“We categorically state that Value Gain/Schroder is not affiliated with, endorsed by, or authorized by Parthian Partners Limited in any capacity. Any claims made by this app are false and should be disregarded.”
Warning to the Public
Parthian Partners warned individuals to avoid conducting transactions via the Value Gain/Schroder app and emphasized that it will not take responsibility for any losses incurred through its use.
This announcement serves as a warning to investors and users to verify the legitimacy of financial applications and platforms before engaging in transactions.
