Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Lagos LG Polls: APC Charges Candidates To Ensure Victory For Party

    June 17, 2025

    Benue Killings: Terry Waya Preaches Unity, Says Tinubu Actively Working To Address Crisis

    June 17, 2025

    IGP, Conference Of Speakers Clash Over Creation Of State Police

    June 17, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Lagos LG Polls: APC Charges Candidates To Ensure Victory For Party
    • Benue Killings: Terry Waya Preaches Unity, Says Tinubu Actively Working To Address Crisis
    • IGP, Conference Of Speakers Clash Over Creation Of State Police
    • Only Tinubu Can Announce His Running Mate In 2027 – Salihu
    • Governors Condemn Benue Killings, Urge Nigerians To Shun Criminality
    • Tinubu Finally Agrees To Visit Benue After Outrage Over Killings
    • Benue Killings: Obi Slams Tinubu Over Failure To Visit State
    • Alleged Defamation: Judge Declines To Order Natasha Akpoti-Uduaghan’s Arrest
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Wednesday, June 18
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » CBEX: Stop Promoting Ponzi Schemes, SEC Warns Influencers
    1 Min ReadApril 16, 2025

    CBEX: Stop Promoting Ponzi Schemes, SEC Warns Influencers

    By Festus AdeloyeApril 16, 2025No Comments1 Min Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Director General, Securities and Exchange Commission (SEC), Emomotimi Agama has warned celebrities and influencers against promoting unregistered investment platforms.

    He noted that promoting or endorsing ponzi schemes could attract legal consequences, maintaining that the commission frowns upon promotion of meme coins or projects that harm the public.

    Agama stated this during a virtual engagement with fintech stakeholders on Monday, April 14, 2025.

    This is as the commission cautioned the public against investing in unregistered digital investment platforms, amid mounting concerns over the rising popularity of such platforms.

    This renewed stance by the commission follows social media uproar following the crash of CBEX, a digital asset trading platform which recently bolted with investors’ funds.

    The SEC DG stated that by virtue of the Investment and Securities Act (ISA) 2025 recently signed by President Bola Tinubu, any platform not registered with the commission is operating illegally.

    He emphasised that the new act grants SEC enhanced powers to regulate digital asset platforms, including the authority to prosecute operators of unregistered platforms and ponzi schemes.

    The act stipulates that such operators face up to ten years in prison and fines of up to ₦40 million.

    Author

    • Festus Adeloye
      Festus Adeloye

      View all posts
    SEC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Festus Adeloye

    Related Posts

    Featured

    Lagos LG Polls: APC Charges Candidates To Ensure Victory For Party

    June 17, 2025
    Crime

    Benue Killings: Terry Waya Preaches Unity, Says Tinubu Actively Working To Address Crisis

    June 17, 2025
    Defence

    IGP, Conference Of Speakers Clash Over Creation Of State Police

    June 17, 2025
    Featured

    Only Tinubu Can Announce His Running Mate In 2027 – Salihu

    June 17, 2025
    Breaking News

    Governors Condemn Benue Killings, Urge Nigerians To Shun Criminality

    June 16, 2025
    Crime

    Tinubu Finally Agrees To Visit Benue After Outrage Over Killings

    June 16, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Lagos LG Polls: APC Charges Candidates To Ensure Victory For Party

    June 17, 2025

    Benue Killings: Terry Waya Preaches Unity, Says Tinubu Actively Working To Address Crisis

    June 17, 2025

    IGP, Conference Of Speakers Clash Over Creation Of State Police

    June 17, 2025

    Only Tinubu Can Announce His Running Mate In 2027 – Salihu

    June 17, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.