Over ₦316 Billion Lost to Ponzi Scams: SEC Urges Vigilance, Blames Greed and Social Media Fraudsters
The Securities and Exchange Commission (SEC) has revealed that Nigerians have collectively lost over ₦316 billion to Ponzi schemes and illegal fund managers in recent years, warning that greed and ignorance continue to fuel the fraudulent trend. The…
Crypto Caution: SEC Warns Nigerians Against Investing in Dubious ‘Punisher Coin’
The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians about the dangers of investing in a controversial cryptocurrency known as Punisher Coin (symbol: $PUN), labeling it unregulated and potentially fraudulent. In a…
SEC Raises Alarm: PWAN MAX Not Licensed to Operate – Investors Urged to Beware of Ponzi Red Flags
The Securities and Exchange Commission (SEC) has issued a decisive public alert warning investors against engaging with Property World Africa Network, popularly known as PWAN or PWAN MAX, citing that the company is not licensed to operate within…
SEC Mandates Public Companies to Publish Financial Statements Online Starting January 2025
The Securities and Exchange Commission (SEC) has issued a directive requiring all publicly listed companies to make their financial statements publicly accessible on their official websites starting January 2025. The initiative, aimed at fostering…