SEC Vows Intensified Collaboration to Prosecute Ponzi Scheme Perpetrators - Voice of Nigeria Broadcasting Service

SEC Intensifies Action Against Ponzi Operators Amid Rise of AI Scams - TV360 Nigeria

Investors urged to verify schemes before investing as regulators pledge stricter enforcement under ISA 2025. The Securities and Exchange Commission (SEC) has reaffirmed its commitment to collaborating with law enforcement agencies to clamp down on Ponzi schemes and illegal investment operators across Nigeria. John Achile, the SEC’s Divisional Head for Legal and Enforcement, made the statement during the commission’s Journalists’ Academy 2025 in …

SEC Vows Intensified Collaboration to Prosecute Ponzi Scheme Perpetrators - Voice of Nigeria Broadcasting Service

The Securities and Exchange Commission (SEC) has reaffirmed its commitment to strengthening inter-agency collaborations aimed at identifying and prosecuting promoters of Ponzi schemes, in line with the provisions of the Investments and Securities Act (ISA) 2025. The Divisional Head, Legal and Enforcement, SEC, Mr John Achile said this at the Commission’s Journalists’ Academy 2025 in Lagos. Achille said “the commission would strengthen various in…

SEC moves to track, prosecute ponzi scheme operators

By Daniel Adaji The Securities and Exchange Commission (SEC) says it is scaling up efforts to identify and prosecute operators of Ponzi schemes across the country as part of a renewed push to protect investors and strengthen market integrity. It disclosed this in a statement on Sunday. The Commission announced the move at its Journalists’ Academy 2025 in Lagos, where its Divisional Head of Legal and Enforcement, Mr. John Achile, stressed that t…

SEC to Sustain Clampdown on Ponzi Scheme Promoters

By Aduragbemi Omiyale There will be no breathing space for promoters of Ponzi schemes in Nigeria, the Securities and Exchange Commission (SEC) has assured. At its Journalists’ Academy 2025 in Lagos a few days ago, the agency said it was determined to collaborate with other organisations to protect unsuspecting investors from losing their funds. According […]

SEC to Boost Fight Against Ponzi Schemes

The Securities and Exchange Commission (SEC) has vowed to go after and prosecute promoters of Ponzi schemes by working more closely with other agencies, in line with the Investments and Securities Act (ISA) 2025. John Achile, the Divisional Head of Legal and Enforcement at the SEC, speaking at the commission’s 2025 Journalists’ Academy in Lagos, said the commission plans to boost interagency collaborations to track down promoters and individuals…