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Ponzi schemes

5 Sep
The commission has done a lot to stem rising unclaimed dividends. For instance, we are working with the registrars to ensure that dividends are now distributed electronically through the bank accounts of investors rather than through dividend warrants which used to be the case.
9 Jun 2022
Youths, particularly students of higher institutions in Nigeria, have been urged to shun cyber crimes, ponzi schemes, hard drugs, prostitution, examination malpractices and other vices.
2 May 2022
There’s another level of Ponzi schemes that we are not yet ready to talk about. Many ‘destinies’ have been crashed, truncated or derailed because of this dangerous illusion masked in job opportunities.
14 Sep 2021
Rising inflation, perceived poor performance of the capital market, as well as low returns on government securities have exposed Nigerians to speculative and dubious schemes with victims suffering over N300 billion in the last five years.
18 Aug 2021
A group of investors, who protested to the Port Harcourt Zonal office of the Economic and Financial Crimes Commission (EFCC) seeking urgent intervention in a multi-million naira purported investment
4 Mar 2021
The Securities and Exchange Commission (SEC) has flayed the proliferation of Ponzi schemes, describing them as a threat to investors’ protection, functioning of a fair and orderly financial market
12 Aug 2019
The Securities and Exchange Commission (SEC) has again warned Nigerians to desist from investing in schemes that offer unreasonable returns and not approved by the commission.
12 Apr 2019
The Nigeria Deposit Insurance Corporation (NDIC) yesterday raised the alarm over increased sophistication of cybercrime and proliferation of Ponzi schemes in the country, noting that the trend was posing a great challenge. It managing director, Umaru Ibrahim, who stated this at the ongoing 30th Enugu International Trade Fair in the Coal City, also said while…
19 Jul 2018
The Securities and Exchange Commission (SEC) has again warned Nigerians against investing in schemes that offer unreasonable returns and not approved by the commission.The Acting Director-General of SEC, Ms. Mary Uduk while speaking on current initiatives to move the market forward during a Town Hall ....
29 Dec 2017
India warned Friday against investing in cryptocurrencies including bitcoin, likening them to "Ponzi schemes", as it became the latest country to urge caution.
12 Dec 2016
George Clason’s book, The Richest Man in Babylon (1926), remains one of the most auspicious books published on investments and money making.

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