Ponzi Archives

VIDEO: Victims loot XM ponzi office in Badagry after crash

Angry victims of the recently crashed “XM Future Music Group” investment platform have reportedly looted the company’s office in the Apa area of Badagry, Lagos State, after losing access to their funds. Videos circulating online showed residents and suspected investors storming the abandoned office and carting away items, including generators, plastic chairs, fans, televisions and […]

aadelekepdnlimited-com
14th May 2026
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EFCC recovers N96.5m, returns funds to ponzi victims

The Economic and Financial Crimes Commission has successfully handed over a total sum of N96.5 million to victims of Ponzi schemes in Enugu State. The spokesperson for the commission, Dele Oyewale, confirmed this action in a statement released on Friday from Abuja. Oyewale stated that this step was directly in line with the anti-graft agency’s […]

aadelekepdnlimited-com
5th December 2025
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209 Views

New SEC regulation to enhance transparency in bank recapitalization

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SEC partners EFCC, police to prosecute ponzi scheme promoters

The Securities and Exchange Commission has vowed to intensify collaboration with law enforcement and prosecutorial agencies to track down and prosecute promoters of Ponzi schemes, as Nigeria steps up enforcement under the Investments and Securities Act 2025. This commitment signals a renewed push to combat illegal investment fraud across the country. Mr. John Achile, the […]

aadelekepdnlimited-com
1st December 2025
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359 Views

ETF market rebounds despite dip in trading activity

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China Industrial Bank backs Nigeria’s telecom initiative to

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Tag: Ponzi

VIDEO: Victims loot XM ponzi office in Badagry after crash

EFCC recovers N96.5m, returns funds to ponzi victims

SEC partners EFCC, police to prosecute ponzi scheme promoters

Global AI usage to consume more electricity than.

Airlines can’t cope with jet fuel costs surge,.

NERC to pay customers selling excess solar power.

Nigeria’s private sector credit remains below economic peers.

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