10 h. ago Senate Launches Nationwide Probe To Protect Nigerians From Ponzi Schemes

The Nigerian Senate has directed its joint committees to investigate Ponzi scheme operations across all geopolitical zones following rising concerns over financial scams like the collapsed Crypto Bullion Exchange (CBEX). This decision followed a motion moved by Senators Adetokunbo Abiru (APC, Lagos East) and Osita Izunaso (APC, Imo West), who cited the devastating financial losses […] The post Senate Launches Nationwide Probe To Protect Nigerians From Ponzi Schemes appeared first on Information Nigeria.

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11 h. ago Senate launches probe into ₦1.3tn CBEX scam, vows to tackle rampant Ponzi schemes

The Senate has resolved to investigate the activities of Ponzi schemes across the country, following the collapse of the Crypto read more Senate launches probe into ₦1.3tn CBEX scam, vows to tackle rampant Ponzi schemes

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61 h. ago Court sentences nine Chinese to one year imprisonment for Ponzi

Tribune Online Court sentences nine Chinese to one year imprisonment for Ponzi-terrorism scheme As part of the judgment, the court ordered the forfeiture of all electronic gadgets recovered from the defendants during the investigation.  Court sentences nine Chinese to one year imprisonment for Ponzi-terrorism scheme Tribune Online

Events

1 week ago Alleged N7.5bn Fraud: AGF Produces First Witness Against Ponzi Scheme Operator

The Office of the Attorney-General of the Federation has produced its first witness against alleged Ponzi Scheme operator, Bamise Ajetunmobi who was accused of defrauding investors of N7.5 billion. Ajetunmobi was arraigned by the AGF alongside his wife, Elizabeth, who is currently at large, and their company, Imaging Global Solutions Limited, before the Federal High […]

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1 week ago Alleged N7.5bn fraud: Court begins trial of Ponzi scheme operator, Bamise Ajetunmobi

Tribune Online Alleged N7.5bn fraud: Court begins trial of Ponzi scheme operator, Bamise Ajetunmobi His wife, Elizabeth Ajetunmobi, who was jointly charged, is currently at large. They are facing a 12-count charge bordering on Alleged N7.5bn fraud: Court begins trial of Ponzi scheme operator, Bamise Ajetunmobi Tribune Online

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2 w. ago Court Jails 7 Chinese Nationals For Cyberterrorism, Internet Fraud

Three judges of the Federal High Court in Lagos have convicted and sentenced seven Chinese nationals to one year imprisonment for engaging in cyberterrorism and internet fraud linked to a large Ponzi scheme uncovered in December 2024. The judges, Justices Ayokunle Faji, Chukwujekwu Aneke, and Yellim Bogoro, handed down the verdict in separate judgements on […]

Events

3 w. ago EFCC Arraigns Company Director Over Alleged N13.8bn Ponzi Scheme

The Economic and Financial Crimes Commission (EFCC) has arraigned a director of Glossolalia Nigeria Ltd and Pelegend Nigeria Ltd, Precious Williams, for allegedly defrauding over 3,000 investors of N13.8 billion through an investment scheme. Williams was brought before Justice S.I. Mark of the Federal High Court in Port Harcourt on a 14-count charge bordering on […]

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3 w. ago Ponzi Scheme: EFCC arraigns Precious Williams for alleged N13.8b fraud

EFCC Port Harcourt has arraigned Precious Williams before S.I. Mark, Justice of the Federal High Court in Port Harcourt. read more Ponzi Scheme: EFCC arraigns Precious Williams for alleged N13.8b fraud

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