Ponzi Archives - DAILY TIMES Nigeria

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Create Compensation Fund For Ponzi Fraud Victims, Expert Tells FG

Tunde Opalana 8 September 2025 0

A professor of Capital Market, Uche Uwaleke, has called for the establishment of a National Compensation Fund to assist victims of proven Ponzi frauds. Uwaleke, also the President, Capital Market Academics of Nigeria (CMAN) made the call at a virtual workshop on Ponzi schemes on Sunday in

Ponzi: Senate charges FG to protect vulnerable citizens from financial predators

DailyTimesNGR DailyTimesNGR 10 July 2025 0

By Tunde Opalana Concerned by the increasing sophistication of Ponzi scheme operators and the devastating consequences of their victims, the Senate on. Wednesday tasked the Federal Government to take drastic steps in protecting the citizenry by investigating the lapses that allowed various schemes by the predators to thrive unchecked. The Senate as well berated the […]

Business

ISA 2025: Ponzi operators risk 10 year jail term, N20m fine-SEC

DailyTimesNGR DailyTimesNGR 2 April 2025 0

BY TEMITOPE ADEBAYO 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 years or both. This is one of the provisions of the newly signed Investments and Securities Act […]

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