Ponzi operators risk 10-year jail term, N20m fine

Ponzi operators risk 10-year jail term, N20m fine – SEC

April 2, 2025

Nigerian woman jailed in US for forcing two Nigerians into domestic servitude

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. The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, said it is one of the provisions of the newl

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