SEC Warns Nigerians Against Rising Ponzi Schemes on WhatsApp, TikTok, Instagram

Again, SEC Warns Against Social Media Ponzi Scheme

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in illegal online investment schemes being promoted across social media platforms, saying many of them exhibit characteristics of Ponzi and prohibited investment operations.In a public notice issued on Thursday, the Commission said its attention had been drawn to “the increasing promotion of unregistered online investment schemes on social media applications and …

SEC Sounds Alarm as Social Media Ponzi Schemes Target Nigerian Investors

Nigeria’s capital market regulator has issued a fresh warning against social media-driven Ponzi schemes, exposing a deeper national problem: financial desperation is increasingly being exploited by digital fraudsters posing as investment experts.

Ponzi alert: SEC cautions public against fake online investment schemes

The Securities and Exchange Commission (SEC) has issued a fresh warning to Nigerians over the rising wave of unregistered online investment schemes being aggressively promoted across social media platforms, cautioning that many of them exhibit characteristics of Ponzi operations. In a public notice dated May 8, 2026, and shared via its official X handle, the Commission said it had observed a significant increase in investment solicitations on pl…

SEC warns Nigerians against fake investment schemes on social media - Newsy People

The Securities and Exchange Commission has warned Nigerians against investing in unregistered online investment schemes being promoted across social media platforms, cautioning that many operate like Ponzi schemes. In a public notice shared on its X handle on Thursday, May 14, the commission said it had observed an increase in fraudulent investment promotions on platforms including WhatsApp, Instagram, Telegram, Facebook and TikTok. “The attenti…

SEC warns Nigerians against rising ponzi schemes on WhatsApp, TikTok, Instagram

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in unregistered online investment schemes promoted across social media platforms, cautioning that many of them operate like Ponzi schemes.  The post SEC warns Nigerians against rising ponzi schemes on WhatsApp, TikTok, Instagram appeared first on Nairametrics.

Run From Any Unregistered Online Investment Platform—SEC Warns Nigerians &

By Aduragbemi Omiyale For the umpteenth time, the Securities and Exchange Commission (SEC) has run to the rooftop to warn Nigerians against putting their hard-earned money in online investment platforms not authorised to operate in the nation’s capital market. SEC is the apex regulatory agency in the Nigerian capital market. It issues licences to companies […]