{"id":914956,"date":"2026-06-23T18:14:29","date_gmt":"2026-06-23T23:14:29","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/23\/sec-warns-nigerians-against-ponzi-schemes-on-social-media\/"},"modified":"2026-06-23T18:14:29","modified_gmt":"2026-06-23T23:14:29","slug":"sec-warns-nigerians-against-ponzi-schemes-on-social-media","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/23\/sec-warns-nigerians-against-ponzi-schemes-on-social-media\/","title":{"rendered":"SEC Warns Nigerians Against Ponzi Schemes On Social Media"},"content":{"rendered":"<div>\n<p>News Investigators\/ The Securities and Exchange Commission (SEC) has warned the public against investing in illegal online schemes being promoted across social media platforms.<\/p>\n<p>The commission in a public notice issued on Thursday in Abuja said many of the investment schemes exhibited characteristics of Ponzi and prohibited investment operations.<\/p>\n<p>SEC advised the public to refrain from investing in those platforms promising unrealistic returns.<\/p>\n<p>\u201cOur attention has been drawn to the increasing promotion of unregistered online investment schemes on social media applications and websites, including WhatsApp, Instagram, Telegram, Facebook, TikTok and other digital platforms.<\/p>\n<p>\u201dMany of these investment schemes exhibit characteristics of Ponzi or prohibited investment schemes.<\/p>\n<p>\u201dSome operators of such schemes also provide unauthorised investment services to members of the public.<\/p>\n<p>\u201dAccordingly, the commission advises the public to refrain from investing or participating in any unregistered online investment platform or scheme promising unrealistic or guaranteed returns,\u201d it said.<\/p>\n<p>SEC also cautioned members of the public against relying on investment advisories circulated online by unregistered persons or entities.<\/p>\n<p>\u201cMembers of the public are further advised not to rely on investment advisories circulated through online platforms by persons or entities not registered by the commission.<\/p>\n<p>\u201dReliance on such advisories may expose investors to significant financial losses and fraudulent schemes,\u201d SEC added.<\/p>\n<p>The commission reminded Nigerians that under the Investments and Securities Act,\u00a0<a href=\"http:\/\/newsinvestigatorsng.com\/tel:2025\">2025<\/a>, only entities registered by the SEC were authorised to promote investment services and provide investment advisory services.<\/p>\n<p>It urged prospective investors to verify the registration status of any company, platform or entity offering investment opportunities through its official portals before committing funds.<\/p>\n<p>It directed the public to check registered operators on SEC Fintech Registered Operators Portal\u2060 and SEC Capital Market Operators portal\u2060 before transacting with any investment platform. <\/p>\n<p>NAN<\/p>\n<\/div>\n<p><a href=\"https:\/\/newsinvestigatorsng.com\/sec-warns-nigerians-against-ponzi-schemes-on-social-media\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News Investigators\/ The Securities and Exchange Commission (SEC) has warned the public against investing in illegal online schemes being promoted across social media platforms. The commission in a public notice issued on Thursday in Abuja said many of the investment schemes exhibited characteristics of Ponzi and prohibited investment operations. SEC advised the public to refrain<\/p>\n","protected":false},"author":1,"featured_media":914957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39961,359],"tags":[89657,5192],"class_list":["post-914956","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigerians","category-warns","tag-nigerians","tag-warns"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/914956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=914956"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/914956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/914957"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=914956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=914956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=914956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}