Nigerians Lose N500Bn to Ponzi Schemes, SEC Intensifies Clamp Down on Illicit Investment Platforms

The Securities and Exchange Commission (SEC) has intensified its crackdown on ponzi and pyramid schemes as it revealed that Nigerians have lost over N500 billion to these criminals masquerading as investment firms. The Commission, while reiterating commitment to its role of investor protection, warned potential investors and the discerning public to desist from putting their […]