SEC shuts down over 400 fraud schemes, suspects under prosecution
Home > market news
Stock Market News
SEC shuts down over 400 fraud schemes, suspects under prosecution
18 Mar, 2026
The Securities and Exchange Commission (SEC) has shut down over 400 fraudulent investment schemes in Nigeria, with several suspects currently under prosecution, as part of efforts to protect investors and strengthen market confidence. The disclosure was made by the Executive Commissioner for Operations. SEC, Bola Ajomale, during the opening of the Nairametrics financial literacy forum tagged “The Money Fair” held in Lagos on Tuesday, March 17, 2026.................…...READ MORE
We use cookies on our websites to improve your user experience and our services, and to analyze the use of our website.
In accordance with NDPR, continuing to use this platform indicates your consent to the processing of your
personal data by Osborne Capital Markets Limited and our partners as detailed in our Privacy Policy.
To learn more, read our Privacy Policy and Data Consent Policy