In recent Nigeria news, fraudulent schemes continue to thrive as Nigerians lose significant sums to scams like Ponzi schemes. The Nigeria Deposit Insurance Corporation reports losses of N911.45 billion over 23 years. Such schemes promise quick returns but often result in financial ruin, exploiting economic challenges and the hope for fast profits.
In Abuja news, the Securities and Exchange Commission warns of these scams, highlighting recent victims of the unregistered Crypto Bridge Exchange. Under the revised ISA 2025, operators face severe penalties. The SEC’s scam advisory lists 30 signs to help Nigerians avoid these traps, urging everyone to stay alert and trust their instincts.
Key Takeaways:
- Nigerians have lost N911.45 billion to scams in 23 years.
- SEC’s advisory lists 30 scam signs to promote awareness.
- New ISA 2025 imposes harsher penalties for fraud operators.
To protect yourself, always verify the company’s status ([email protected]). How can local communities better educate themselves about these scams to prevent further losses?
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