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SEC reveal Nigerians lose N316 billion to Ponzi schemes

Nigeria's Securities and Exchange Commission has revealed that Nigerians have lost more than $218 million (approximately N316 billion) to Ponzi schemes and illegal fund managers over the past few years. According to the agency, greed and ignorance among Nigerians are some of the factors sustaining the menace. The information was disclosed by Abdul Rasheed Dan-Abu, [...]

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