SEC Issues Stern Warning to Ponzi Scheme Operators

SEC Issues Stern Warning to Ponzi Scheme Operators

The Securities and Exchange Commission (SEC) has issued a stern warning to Ponzi scheme operators in Nigeria, stating that anyone convicted could face penalties of at least N20 million in fines, up to 10 years in prison, or both, under the newly signed Investments and Securities Act 2025. SEC Director-General Dr. Emomotimi Agama explained that […]