The Economic and Financial Crimes Commission, EFCC, on Thursday, December 4, 2025, returned N96,500,000 to victims…
Tag: Ponzi scheme
How Enugu Ponzi Operator Diverted N91.5m Through Fake Microfinance Bank
Fresh revelations have emerged in the trial of an alleged Ponzi scheme operator, Chinedu Roland Okoronkwo,…
EFCC Arrests Gavice Logistics CEO for Alleged N2b Ponzi Scheme Fraud
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested the Chief Executive Officer, CEO,…
SEC Warns Public Against Fraudulent Operations of Forsman & Bodenfors Ltd
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians about the activities…
Investment Scam: EFCC Chair Cautions Public Against Negligence
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has urged Nigerians…
Senate Probes Ponzi Schemes After ₦1.3trn CBEX Crypto Scam
The Senate has directed a full-scale investigation into Ponzi scheme operations across the country, mandating five…
Alleged N13.8b Fraud: EFCC Arraigns Ponzi Scheme Director in Port Harcourt
Eric Patrick The Economic and Financial Crimes Commission, Port Harcourt Zonal Directorate, has arraigned the director…
You’ll Get Your Money Back, EFCC Reassures CBEX Investors
The Economic and Financial Crimes Commission (EFCC) has promised that investors defrauded by the collapsed digital…
Senate Declares War on Ponzi Schemes, Offenders Face ₦20m Fine, 10 Years in Jail
The Nigerian Senate has issued a stern warning against fraudulent investment schemes, with new legislation imposing…
PHOTOS: EFCC Busts Ponzi Scheme Academy, Arrests 133 Suspects in Abuja
Eric Patrick Operatives of the Economic and Financial Crimes Commission, on Monday, busted a Ponzi Scheme…