Promiseland Building and Construction Limited has applied to the Securities and Exchange Commission for approval to operate as a crowdfunding intermediary in Nigeria.
In a letter signed by its Chairman/Chief Executive Officer, Lawrence Emmanuel, and addressed to the SEC, the company stated its intention to establish and manage a crowdfunding platform to support capital formation for real estate projects, infrastructure development, and other viable construction-related investments.
The firm emphasised its commitment to regulatory compliance, transparency, and investor protection, assuring the SEC of its readiness to adhere to all guidelines governing crowdfunding operations.
As part of its application, Promiseland submitted documents, including its certificate of incorporation, business profile, details of management personnel, audited financial statements, bank statements, and evidence of payment.