Nigerians Lose ₦316 Billion to Ponzi Schemes — SEC

The Securities and Exchange Commission (SEC) has revealed that Nigerians have lost approximately ₦316 billion to Ponzi-style investment schemes and unregulated fund managers over recent years. At a press briefing, SEC officials noted that despite regulatory warnings and public education efforts, many Nigerians continue to be attracted to “get-rich-quick” offers…
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