Ponzi Scheme Operators Face 10-Year Imprisonment, ₦20M Fine Under New Sec Law
Senator Osita Izunaso, Chairman of the Senate Committee on Capital Market, has issued a stern warning to individuals and entities involved in fraudulent investment schemes. According to the new law recently assented to by President Bola Tinubu, promoters and operators of prohibited schemes now face stringent penalties, including a minimum fine of ₦20 million…

