SEC warns Nigerians against rising Ponzi schemes on social media

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in unregistered online investment schemes being aggressively promoted on social media platforms, cautioning that many of them exhibit characteristics of Ponzi schemes. The warning was contained in a public notice dated May 8, 2026, and published on the Commission’s official communication channels. According to the […] The post SEC warns Nigerians against rising Ponzi schemes on social media appeared first on Vanguard News .

Original source: Vanguard Nigeria