In recent times, Ponzi scheme operators have invaded the soul of Nigeria with recklessness of an undertaker, causing pains, loss of huge amount of the people’s hard-earned money on false invest­ments ...

Promoters and operators of prohibited investment schemes now face stricter penalties under the new Investments and Securities Act (ISA) 2025. The law stipulates that individuals found guilty of ...

ABUJA – Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20 million or imprisonment to a term of 10 ...