The Securities and Exchange Commission (SEC) has reiterated its commitment to work with law enforcement agencies to crack ...

The platform, introduced between July and September, presented itself as a real estate investment business and received ...

Nigerians have been warned against patronizing ponzi schemes and other fraudulent investment platforms that would make them ...

The Securities and Exchange Commission (SEC) has reaffirmed commitment to strengthen inter-agency collaborations to identify ...

SEC moves to seize CBEX’s N1.3trn over alleged Ponzi schemeWhile the SEC has approached the Investments and Securities Tribunal (IST) seeking orders to freeze bank accounts and seize assets linked to ...

Thompson Oludare Sunday, managing director, Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s ...

The prosecution alleged that the defendants collected various sums from investors on the promise that the funds would be invested on their behalf, with agreed monthly returns and a full refund of ...

The SEC said it is strengthening partnerships with major law enforcement agencies to investigate and prosecute Ponzi scheme ...

MMM Nigeria has shut down for a month due to what the operators call "heavy workload." On the message board of the site, the operators said people won't be able to withdraw their money in December.

"The scheme entered the Nigerian circle in 2016, capitalising on the high level of unemployment and poverty to deceive unwary Nigerians into falling prey to their antics," said Fijabi. He also noted ...

The Senate on Wednesday mandated its relevant committees to investigate rising cases of Ponzi schemes in the country. The resolution of the red chamber followed its consideration and adoption of a ...

From tossing coins to dicing and card games, gambling has a long history in Nigeria. What began as a form of entertainment has now evolved into fraudulent schemes that usually lead to financial losses ...