Promoters and operators of entities engaged in a prohibited scheme is liable to a penalty of not less than N20 million or imprisonment to a term of 10 years or both.
Browsing: ponzi schemes
The Securities and Exchange Commission (SEC) says it will intensify efforts to eliminate Ponzi and pyramid schemes, thereby fostering an environment for genuine investment opportunities to thrive in 2025.
The Vice President, Kashim Shettima, has tasked the West African capital markets on digital products to curb youths interest in Ponzi schemes.
The Securities and Exchange Commission, SEC, on Friday vowed to clamp down on illegal capital market operators, especially operators of…