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New Nigerian law proposes 10-year...

New Nigerian law proposes 10-year jail term,...

EFCC nabs 133 suspects from...

EFCC nabs 133 suspects from Ponzi Scheme...

New Nigerian law proposes 10-year jail term, ₦20m fine for Ponzi operators

New Nigerian law proposes 10-year jail term, ₦20m fine for Ponzi operators Securities and Exchange Commission (SEC) has stated that promoters and operators of Ponzi schemes in Nigeria now risk stricter penalties under the newly enacted Investments and Securities Act (ISA) 2025. The new Act proposes a minimum fine of ₦20 million and a prison sentence of no less than 10 years for offenders. The new law marks a major shift in Nigeria’s regulatory framework, empowering the SEC to take decisive action against fraudulent investment schemes that have defrauded millions of...
Dajen Comfort Yakubu -
News

New Nigerian law...

New Nigerian law proposes 10-year jail term, ₦20m fine for Ponzi operators Securities and Exchange Commission (SEC) has stated that promoters and operators of Ponzi...
Dajen Comfort Yakubu -
Crime

EFCC nabs 133...

EFCC nabs 133 suspects from Ponzi Scheme Academy Operatives of the Economic and Financial Crimes Commission (EFCC), on Monday, March 24, 2025 busted a Ponzi...
Gift Luckson -
Business & Economy

CBN lifts ban...

CBN lifts ban on forex sale by BDCs, unveils fresh guidelines Story from Christine TOBECHUKWU In support of the drive to improve the efficiency of the...
Gift Luckson -
Crime

3 in EFCC’s...

Story from Kenneth AFOR, Lagos Benson Kufre John alongside two others who were declared wanted by the Economic and Financial Crimes Commission (EFCC) has been...
Fatima Gimba -
EFCC

EFCC arrests operator...

The Operatives of the Economic and Financial Crimes Commission in Sokoto State have arrested Omotade-Sparks Amos Sewanu, operator of the Inks Nation Ponzi Scheme. Omotade-Sparks...
Neptune Prime -
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