Ponzi Operators Risk 10-Year Jail Term, ₦20m Fine In New SEC Law

Promoters and operators of entities engaged in a prohibited scheme are liable to a penalty of not less than ₦20 million or imprisonment for a term of 10 years or both. The Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, issued the warning on Wednesday. Briefing journalists in Abuja, the lawmaker cautioned […] The post Ponzi Operators Risk 10-Year Jail Term, ₦20m Fine In New SEC Law appeared first on Naija Live Tv.

  News   Apr 6, 2025   0   38  Add to Reading List

Promoters and operators of entities engaged in a prohibited scheme are liable to a penalty of not less than ₦20 million or imprisonment for a term of 10 years or both. The Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, issued the warning on Wednesday. Briefing journalists in Abuja, the lawmaker cautioned […]

The post Ponzi Operators Risk 10-Year Jail Term, ₦20m Fine In New SEC Law appeared first on Naija Live Tv.

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