Close Menu

    Subscribe to Updates

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

    What's Hot

    Hollywood Actor Chuck Norris Dies At 86

    March 20, 2026

    Mining Company Launching Campaign Against Tinubu’s UK Trip, FG Alleges

    March 15, 2026

    I’m Not Happy With Mojtaba Khamenei’s Selection As Iran Supreme Leader – Trump

    March 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Hollywood Actor Chuck Norris Dies At 86
    • Mining Company Launching Campaign Against Tinubu’s UK Trip, FG Alleges
    • I’m Not Happy With Mojtaba Khamenei’s Selection As Iran Supreme Leader – Trump
    • IGP Appoints Anthony Placid as Force new PRO
    • Iran Postpones Khamenei’s State Funeral
    • Tinubu Accepts Egbetokun’s Resignation, Approves Disu As Acting IGP
    • U.K. Police Arrest Former Prince Andrew Over Epstein Ties
    • Cristiano Ronaldo tops all-time UEFA club appearance list
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Sunday, March 22
    • 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

    Breaking News

    Hollywood Actor Chuck Norris Dies At 86

    March 20, 2026
    Breaking News

    Mining Company Launching Campaign Against Tinubu’s UK Trip, FG Alleges

    March 15, 2026
    Breaking News

    I’m Not Happy With Mojtaba Khamenei’s Selection As Iran Supreme Leader – Trump

    March 9, 2026
    Breaking News

    IGP Appoints Anthony Placid as Force new PRO

    March 8, 2026
    Breaking News

    Iran Postpones Khamenei’s State Funeral

    March 4, 2026
    Crime

    Tinubu Accepts Egbetokun’s Resignation, Approves Disu As Acting IGP

    February 24, 2026

    Subscribe to News

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

    Editor's Picks

    Hollywood Actor Chuck Norris Dies At 86

    March 20, 2026

    Mining Company Launching Campaign Against Tinubu’s UK Trip, FG Alleges

    March 15, 2026

    I’m Not Happy With Mojtaba Khamenei’s Selection As Iran Supreme Leader – Trump

    March 9, 2026

    IGP Appoints Anthony Placid as Force new PRO

    March 8, 2026
    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.