Can NDIC Alone Tackle Ponzi Scammers? by Salisu Na'inna Dambatta   Promoters of Ponzi Schemes scams are aggrevating poverty in the country. They do this by swindling Nigerians of huge amounts of money. A Ponzi scheme is defined as "an investment fraud that pays existing investors with...

SEC Vows Crackdown On Illegal Fund Managers, Ponzi Schemes   The Securities and Exchange Commission has vowed to continue to crack down on Ponzi schemes and illegal fund managers amid the recent resurgence of their activities. The Director-General, SEC, Mr Lamido Yuguda, made the pledge at an...

Over 3m Nigerians Lost N18bn To Ponzi Schemes – SEC       Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General, SEC, Lamido Yuguda, said this during a webinar organised by the commission. Ponzi schemes are fraudulent investing...