Ponzi Scheme
SEC Declares AfriQuantumX Ponzi Scheme, Warns Investors Over N76bn Risk
The Securities and Exchange Commission (SEC) has declared AfriQuantumX, a self-acclaimed cryptocurrency…
Ponzi Scheme: Don’t Invest in PWAN, PWAN Max – SEC Warns Nigerians
The Securities and Exchange Commission (SEC) has issued a public warning against…
EFCC Disclaims Regulatory Role in Online Businesses Amid CBEX Fraud Scandal
The Economic and Financial Crimes Commission (EFCC) has publicly clarified that it…
EFCC, SEC Vow to Recover Funds Lost in CBEX Ponzi Scheme Collapse
Following the collapse of the digital assets platform CBEX, the Economic and…
SEC Warns Against Unregistered Crypto Platforms Amid CBEX Concerns
The Securities and Exchange Commission (SEC) has issued a stark warning to…
SEC Gets Power to Jail Ponzi Scheme Promoters, Impose ₦40 Million Fine
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has…
EFCC Raids “Billionaire Training” Academy, Arrests 133 in Ponzi Scheme Bust
The Economic and Financial Crimes Commission (EFCC) has apprehended 133 individuals following…
Popular entrepreneur Ovaioza lands in Police custody for allegedly running Ponzi scheme
Imu Ovaioza Yunusa, the Chief Executive Officer of Ovaioza Group of Companies,…
EFCC Arrests 27 Ponzi Scheme Operators In Ibadan
The Ibadan office of the Economic and Financial Crimes Commission has arrested…
Pastor Matthew Ashimolowo Denies Losing $5m to Ponzi Scheme
Pastor Matthew Ashimolowo has issued a statement denying media reports that he…