Ponzi Scheme: SEC Moves To Prevent More Nigerians From Falling Victim

Ponzi Schemes and Failure of Financial Regulation in Nigeria

April 27, (THEWILL) – The collapse of CBEX is the latest example of financial fraud in Nigeria that has left thousands of individuals with significant losses. The scheme promised quick, substantial returns on cash investments and attracted large numbers before abruptly shutting down. The sudden disappearance of the operators and the avalanche of unpaid claims

SEC Begins Campaign Against Ponzi Schemes In Markets, Churches - NEWS AGENCY OF NIGERIA

By Ginika Okoye

The other side of Nigerian Ponzi schemes we ignore

From flashy investment pitches to unbelievable returns, Ponzi schemes in Nigeria have always had a familiar script but hidden beneath the surface is a deeper truth we rarely talk about. The post The other side of Nigerian Ponzi schemes we ignore appeared first on Nairametrics.

SEC takes campaign against Ponzi Schemes to markets, churches, mosques

In a move aimed at protecting millions of Nigerians from financial fraud, the Securities and Exchange Commission (SEC) has commenced a nationwide grassroots campaign to educate citizens on the dangers of investing in Ponzi schemes. The initiative, flagged off Friday at the bustling Wuse Market in Abuja, underscores the SEC’s growing concern over the persistence …

SEC Launches Campaign Against Ponzi Schemes In Wuse Market - InsideBusiness - Business News in Nigeria

In a bid to prevent more Nigerians from falling victims to Ponzi schemes, the Securities and Exchange Commission (SEC) on Friday conducted a sensitization campaign at Wuse Market in the heart of Abuja. Led by its Director General,  Emomotimi Agama, the SEC team distributed informational flyers and engaged traders on the risks associated with investing in unregulated schemes. The team also emphasized the importance of verifying any investment opp…

Ponzi Scheme: SEC Moves To Prevent More Nigerians From Falling Victim

In a bid to prevent more Nigerians from falling victims to Ponzi schemes, the Securities and Exchange Commission (SEC) on Friday conducted a sensitisation campaign at Wuse Market in the heart of Abuja. Led by its Director General, Dr. Emomotimi Agama, the SEC team distributed informational flyers and engaged traders on the risks associated with investing in unregulated schemes. The team also emphasized the importance of verifying any investment …