SEC raises alarm over rising ponzi schemes on social media

May 14, 2026 - 19:00
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Securities and Exchange Commission (SEC) has warned Nigerians against investing in illegal online investment schemes being aggressively promoted on social media platforms, saying many of the operations bear the hallmarks of Ponzi and prohibited investment schemes capable of exposing investors to severe financial losses. In a public notice issued on Thursday, the Commission said it […]

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