•SEC head office, Abuja In its commitment to combat unregistered operators and stem the tide of Ponzi schemes activities in Nigeria, the Securities and Exchange Commission (SEC) is set to introduce an Unstructured Supplementary Service Data (USSD) code for verification of capital market operators. Director General of the SEC, Dr. Emomotimi Aga...
•Securities and Exchange Commission (SEC) headquarters, Abuja The Securities and Exchange Commission (SEC) has launched an investigation into 79 suspected Ponzi schemes across Nigeria, warning that those found culpable will face severe legal consequences, including prosecution under the Investment and Securities Act (ISA). The Commission said ...
The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide. The federal government agencies declared this on Wednesday following the collapse of the digital assets platform, CBEX, reports The PUNCH. The SEC, however, revealed that it had yet to receive f...
Amid growing concerns over the alleged fraud perpetrated by a digital investment platform, CryptoBank Exchange (CBEX), which reportedly led to the loss of N1.3 trillion belonging to Nigerian investors, the Economic and Financial Crimes Commission has said it warned Nigerians against investing in Ponzi schemes. The spokesperson of the EFCC, Mr....
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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