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Senate probes Ponzi schemes in Nigeria, loss of N1.3trn by Nigerians to CBEX

Members of the senate during plenary session [PHOTO: X @SPNigeria]

The lawmakers wondered why Nigerians lose money to Ponzi schemes despite existing regulatory bodies such as the Securities and Exchange Commission (SEC), the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN), and the Nigerian Financial Intelligence Unit (NFIU).

The post Senate probes Ponzi schemes in Nigeria, loss of N1.3trn by Nigerians to CBEX appeared first on Premium Times Nigeria.

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