August 4, 2025

Ponzi schemes

General SEC

SEC Launches Probe into 79 Suspected Ponzi Schemes Operating Nationwide

The Securities and Exchange Commission (SEC) has revealed that it is actively probing 79 suspected Ponzi schemes currently operating within Nigeria. This sweeping investigation underscores growing concerns about fraudulent investment activities undermining investor confidence and financial stability across the country. According to an official statement from the SEC, these schemes span various states and have

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Editorial General

Ponzi Schemes in Nigeria: Unraveling the Scam, Its Devastating Impact, and the Tragic Stories of Those Affected

Since time immemorial, the fraud industry has continued to wax stronger. Despite the introduction of multiple strategies to weaken it’s growth and devastating economic impact, the trade continued to defy laws, policies, and even stringent cultural traditions put in place as deterrent measures. Ultimately, unsuspecting inflicted maximum economic pains as their hard earned money is

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