Nigeria Loses N316 Billion to Ponzi Schemes — SEC Warns Against Greed and Ignorance
Abuja, Nigeria — The Securities and Exchange Commission (SEC) has revealed that Nigerians have lost an estimated three hundred and sixteen billion naira to Ponzi schemes and illegal fund managers over the years, describing the situation as a growing threat to investor confidence and financial stability. Speaking at a journalists’ academy in Abuja, the Head …
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