SEC: Nigerians lose N316bn to Ponzi schemes
The SEC says Nigerians lost N316bn to Ponzi schemes and illegal fund managers, fueled by greed and ignorance. Cases include MMM Nigeria and New Nation, with some losses exceeding N174bn.
Investors are urged to verify schemes with SEC, while DG Emomotimi Agama stresses stronger regulation of digital assets to protect funds and maintain trust.
