N300.2bn lost to Ponzi schemes, says SEC
The Securities and Exchange Commission (SEC) has revealed that Nigerians lost an estimated N300.2 billion to fraudulent investment schemes in recent years, prompting the Commission to intensify its enforcement…
SEC warns Nigerians against fake investment platforms, ponzi schemes
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has cautioned Nigerians to beware of online platforms promising unrealistic financial returns. Speaking on Channels Television’s Business Morning…
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- Financial Crime
- April 16, 2025
- 131 views
N1.3trn CBEX probe: We Warned Nigerians Against Ponzi Schemes – EFC
Amid growing concerns over the alleged fraud perpetrated by a digital investment platform, CryptoBank Exchange (CBEX), which reportedly led to the loss of N1.3tn belonging to Nigerians investors, the…
