At the very apex of securities and investments regulation in Nigeria is the Securities and Exchange Commission. The Commission draws its regulatory impetus chiefly from the Investments and Securities Act, 2025. The Act is replete with elaborate and intentional provisions for securities regulation, capital market development and investors protection. The Act defines securities to include investment contracts amongst others. Collective investment scheme typically exemplifies such contracts. This article argues that the marketing of luxury real estate products as an investible and income yielding products is an inadvertent marketing of securities within its expansive meaning as was laid down in the Act.