The poor Nigerian who wants to patronise Ponzi schemes, gambling, and betting haunts and dubious investments also needs to be protected.
Browsing: Ponzi schemes
What the regulatory agencies should do more is to stop any Ponzi scheme from taking off in Nigeria before Nigerians are drawn into it.
Dr. Emomotimi Agama, the Director General of SEC, said this in his New Year message to the capital market community on Sunday.
The Securities and Exchange Commission says it is intensifying efforts toward closing down illegal fund managers (ponzi schemes) operators in the country.
Orji while assuming duty on Monday, said he halted the activities of Ponzi schemes in the state before leaving for the information ministry and would sustain such policy.