SEC raises alarm over new ‘Ponzi schemes’ FinAfrica and Poyoyo Investment
The Nigeria Securities and Exchange Commission (SEC) has issued a public warning regarding the activities of FinAfrica Investment Ltd and Poyoyo Investment. According to the investment regulator, the companies are Ponzi schemes and are not SEC-accredited. The announcement was made by the exchange commission via a circular sent by the commission’s management and posted on…