Alarm Raised Over Influx Of Ponzi Schemes On Social Media
The Securities and Exchange Commission (SEC) has cautioned the public against increasing promotion of unregistered online investment schemes on social media applications and websites, including WhatsApp, Instagram, Telegram, Facebook,…
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…
admin
- Financial Crime
- April 16, 2025
- 181 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…
