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New Nigerian law proposes 10-year...

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

Impeachment Rocks NUJ FCT Council:...

Impeachment Rocks NUJ FCT Council: SEC takes...

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 -
Local

Senate affirms Lamido...

Lamido Yuguda has been confirmed by the Senate as the Director-General of the Securities and Exchange Commission. The Senate on Wednesday also confirmed the appointment of...
Aisha Auyo -
Local

President Buhari appoints...

President Muhammadu Buhari has nominated Mr Lamido Yuguda as the new Director-General (DG) of the Securities and Exchange Commission (SEC) The president has urged...
Aisha Auyo -
Business & Economy

SEC: Why we...

The Securities and Exchange Commission, SEC has said that it is advocating for securities lending in the Nigerian capital market because it would deepen...
Aisha Auyo -
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