Tag: Ponzi scheme

SEC to seize CBEX’s N1.3tr cash as Tribunal probes mega ponzi scheme

Business Damilola Bayonle -
Why the SEC to seize CBEX’s N1.3tr cash marks a turning point in Nigeria’s fight against Ponzi schemes Nigeria’s capital...

Man Sentenced to 63 Years in Prison for Fraud

Crime Damilola Bayonle -
In a landmark judgment aimed at reinforcing Nigeria’s fight against financial crimes, the Oyo State High Court sitting in...

Court Orders Forfeiture of N6.6bn Shares Linked to Ponzi Scheme

Damilola Bayonle -
In a significant legal development, a Federal High Court in Lagos has ordered the final forfeiture of 2,041,087,747 units...