Tag: Ponzi Scheme

SEC Nigeria To Clampdown On Unfit Market Operators
March 24, 2025 No Responses

SEC Nigeria To Clampdown On Unfit Market Operators

The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure only fit and proper individuals are permitted to operate in Nigeria’s capital market to enhance investor protection. Speaking at the weekend in Abuja,  SEC Director-General,  Dr. Emomotimi Agama  emphasized that...
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EFCC Identifies 58 Illegal Ponzi Scheme Operators
March 12, 2025 No Responses

EFCC Identifies 58 Illegal Ponzi Scheme Operators

In line with its commitment to sanitising the financial space of the nation and offer the investing public adequate and reliable information on the activities of illegal ponzi scheme operators across the country, the Economic and Financial Crimes Commission, E...
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SEC Urges FRSC  Personnel To Shun Ponzi Schemes
July 10, 2023 No Responses

SEC Urges FRSC  Personnel To Shun Ponzi Schemes

Officers of the Federal Road Safety Corps have been urged to avoid Ponzi schemes and only invest in entities registered with the regulatory body.The Securities and Exchange Commission gave the advise during an investor enlightenment programme tagged “Investo...
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SEC: Ponzi Schemes, Threat To Investor Protection
March 3, 2021 No Responses

SEC: Ponzi Schemes, Threat To Investor Protection

The continued activities of Ponzi schemes have been described as a threat to the protection of investors, the functioning of a fair and orderly financial market as well as the development of the economy at large.  Director General of the...
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SEC Nigeria, Group To Train Security Agencies, Lawyers On Tackling Ponzi Scheme
March 1, 2021 No Responses

SEC Nigeria, Group To Train Security Agencies, Lawyers On Tackling Ponzi Scheme

The Securities and Exchange Commission (SEC) in collaboration with the Attorney General Alliance Africa (AGA-Africa) is to train law enforcement agencies, lawyers and the public on prevention of ponzi scheme operations in the country.  A statement by...
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SEC, NFIU Sign Mou To Tackle Ponzi Schemes, Others
July 18, 2019 No Responses

SEC, NFIU Sign Mou To Tackle Ponzi Schemes, Others

The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Nigerian Financial Intelligence Unit (NFIU) to combat Ponzi schemes and fraud in the capital market. Mrs Mary Uduk, the Acting Director-General of SEC, disclos...
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