Ponzi Schemes

Ponzi schemes growing every day in Nigeria – SEC warns

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SEC supports mutual fund with N18.2bn - Official

Ponzi schemes growing every day in Nigeria – SEC warns …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) says Ponzi schemes in the country’s market is continuously growing on a daily basis. Dr Emomotimi Agama, the Director-General of SEC said this at an engagement with newsmen in Abuja on Monday. Agama who appealed … Read more

ISB proposes N20m fine for Ponzi scheme operators

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SEC laments high level of unclaimed dividends

ISB proposes N20m fine for Ponzi scheme operators …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) says the Investments and Securities Bill (ISB) 2024 is proposing a penalty of not less than N20 million or 10 years imprisonment or both  for Ponzi scheme operators. The Director-General of SEC, Dr Emomotimi Agama, said this … Read more