The scheme collapsed months later, triggering widespread losses. Investigations and testimonies from affected investors revealed that CBEX functioned as a Ponzi scheme that siphoned over N1.3 trillion ...
The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 other ...
Tribune Online on MSN
SEC seeks freezing of CBEX accounts over alleged N1.3trn fraud
The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the immediate freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 ...
Tribune Online on MSN
Analyst decries structural gaps in Nigeria’s financial regulatory architecture
SEC moves to seize CBEX’s N1.3trn over alleged Ponzi schemeWhile the SEC has approached the Investments and Securities Tribunal (IST) seeking orders to freeze bank accounts and seize assets linked to ...
A new real estate Ponzi scheme named EMAAR has duped over 4,000 Nigerian investors, using fintech accounts to lure victims ...
Monetary and fiscal policies are considered crucial for establishing a robust financial system; hence the need to align them, ...
The SEC said it is strengthening partnerships with major law enforcement agencies to investigate and prosecute Ponzi scheme ...
The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the freezing of ...
Many investors continue to fall victim to Ponzi schemes as fraudulent operators lure them with promises of unusu- ally high ...
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