Mr. Lamido Yuguda, Director General of the SEC, who stated this in a New Year Message in Abuja, therefore assured of a renewed onslaught against promoters of such schemes.
According to him, “The SEC has been fighting a serious war against Ponzi schemes, we have been alerting people. We have said that investors should only deal with registered operators that have the registration of the Commission, we have their list on the SEC website and we have always said that if you go to an operator or when an operator approaches you, you must confirm that he is a licensed operator with the SEC.”
