SEC Seeks N20m Fine, 10-Year Jail Term for Ponzi Scheme Operators

0
19

Securities and Exchange Commission (SEC) has proposed a bill it said will ensure that illegal fund managers are not allowed to fleece unsuspecting Nigerians of their hard-earned funds. The bill proposes that promoters and operators of any entity engaged in a prohibited scheme are liable upon conviction to a penalty of not less than N20,000,000 […]

Previous articleKarl Toriola Champions MTN’s Digital Transformation @TeXcellence 2024
Next articleCBN to Sanction Banks Linked to Cash Hawkers

LEAVE A REPLY

Please enter your comment!
Please enter your name here