SEC Says Nigerians Have Lost N316Bn to Ponzi Schemes

Nigeriacommunicationsweek | 01-11-2025 12:08pm |

Securities and Exchange Commission (SEC), has revealed that Nigerians have collectively lost about N316 billion to Ponzi schemes and illegal fund managers over the years. The commission warned that both greed and ignorance continue to fuel the spread of these fraudulent activities. AbdulRasheed Dan-Abu, head of FinTech and Innovation Department at the Commission, made this

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