Browsing Tag
ponzi scheme
2 posts
Radio Host Arrested in Connection with Alleged N700 Million Ponzi Scheme
The Economic and Financial Crimes Commission (EFCC) has apprehended Favour Ekoh, a radio host of the “Prime Time” program on Urban Radio 94.5FM in Enugu, for her alleged involvement in a fraudulent investment scheme valued at N700 million. … Continue Reading
SEC Warns Chinmark’s FinAfrica and Poyoyo Investments are Ponzi Schemes
The Securities and Exchange Commission (SEC) has denied accrediting Chinmark’s FinAfrica Investment Ltd and Poyoyo Investment, saying they are ponzi schemes that should be avoided by the general public.
The SEC made this known via a circular by the management … Continue Reading