Nigeria’s Securities and Exchange Commission (SEC) has confirmed a staggering loss of over $218 million, equivalent to N316 billion, to Ponzi schemes. The SEC attributes this to investors […]
Nigeria Faces $218 Million Ponzi Scheme Losses: SEC Calls for Regulatory Action
Nigeria is grappling with a significant financial crisis resulting from Ponzi schemes, where individuals have lost over $218 million in recent years. The Securities and Exchange Commission (SEC) […]
N300.2 Billion Lost: SEC Reveals Impact of Ponzi Schemes in Nigeria
The Securities and Exchange Commission (SEC) has confirmed that Nigerians have lost N300.2 billion to fraudulent investment schemes known as Ponzi schemes over the past years. This figure, […]
Is CBEX.cx Suspicious? Examining the Claims of a Ponzi Scheme
CBEX.cx has become a point of contention in the crypto community after its withdrawal function was suspended today, sparking widespread customer complaints. The platform launched in Nigeria late […]
Nigerian SEC Enforces Tough Penalties on Ponzi Scheme Promoters
The Nigerian Securities and Exchange Commission (SEC) has announced a significant change in the fight against Ponzi schemes, thanks to the recently enacted Investment and Securities Act (ISA) […]