The Securities and Exchange Commission (SEC) said it has secured convictions and jail terms for seven companies and their directors […]
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Police Arrest 23 Foreign Nationals Over Ponzi Scheme, Visa Fraud In Ogun
Operatives of the Ogun State Police Command have raided a residential building and arrested 23 foreign nationals in connection with […]
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SEC Moves Against 79 Suspected Ponzi Schemes
The Securities and Exchange Commission (SEC) has launched an investigation into 79 suspected Ponzi schemes across Nigeria, warning that those […]
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FLASH: Nigerians Lose Billions To Another Ponzi Scheme, FF Tiffany
Operators of another Ponzi scheme, FF Tiffany, have pulled a fast one on unsuspecting Nigerian investors, fleecing them of hundreds […]
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Senate Probes Ponzi Schemes In Nigeria, Loss Of N1.3 Trillion To CBEX Crash
Operators of Ponzi schemes in Nigeria have come under the Senate’s spotlight following the passage of a resolution on Wednesday […]
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Get-Rich-Quick Syndrome Wrong, Bible, Quran Frown At It – Oba Of Lagos
The Oba of Lagos, His Majesty, Oba Rilwan Akiolu, has condemned what he described as the growing “get-rich-quick” mentality among […]
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FLASH: SEC Uncovers Another Suspected Illegal Investment Platform, Tofro; Warns Nigerians
The Securities and Exchange Commission (SEC) has uncovered another suspected illegal investment platform identified as TOFRO.COM (Tofro). The Commission raised […]
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‘Love Money Too Much, Ponzi Schemes Will Love You,’ EFCC Cautions Nigerians
The Economic and Financial Crimes Commission (EFCC) has cautioned Nigerians against the excessive desire for money. The agency issued the […]
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