SEC Proposes N20m Penalty, 10-Year Jail Term for Ponzi Scheme Operators
Adedapo Adesanya By Adedapo Adesanya Nigeria’s Securities and Exchange Commission (SEC) has said that the Investments and Securities Bill (ISB)…
ponzi scheme
N3.6bn Scam: FG Seeks Criminal Summons on Diongoli, UK Dion Investment
Aduragbemi Omiyale By Aduragbemi Omiyale The federal government has asked Justice Zainab Abubakar of the Federal High Court in Abuja…
SEC Assures Ponzi Scheme Operators Sleepless Nights
By Aduragbemi Omiyale Ponzi scheme operators have been promised many sleepless nights and be frustrated out of the…
Financial Illiteracy Behind Rise in Ponzi Schemes in Nigeria—SEC
Dipo Olowookere By Dipo Olowookere The rise in the number of Ponzi scheme operators, especially in the northern part of…
SEC Steps up Efforts to Prosecute Ponzi Scheme Promoters
The Securities and Exchange Commission (SEC) has stepped up its regulatory oversight to ensure that promoters of Ponzi…
SEC Reaffirms Commitment to Frustrate Ponzi Scheme Operators
Modupe Gbadeyanka By Modupe Gbadeyanka The acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has…
Jubilation as MMM Nigeria Returns
By Dipo Olowookere Many participants of the popular Ponzi scheme called MMM Nigeria were happy as news of…
KICC Says Ashimolowo Not Involved In Ponzi Scheme
By Modupe Gbadeyanka The Kingsway International Christian Centre (KICC), a London- based organization, of the main church pastored…
Fear Grips Participants As MMM Nigeria Stops Payment
By Modupe Gbadeyanka Operators of the controversial Ponzi scheme called MMM Nigeria have announced suspension of payments. A…