Regulatory Alerts2022-11-24
advisory On Ponzi Schemes And Other Unregulated Crowd Funding Schemes
The Nigerian Financial Intelligence Unit (NFIU) has released an advisory to inform and educate law enforcement, anti-corruption agencies, and the public about the dangers of Ponzi schemes and unregulated public crowd-funding investment schemes. It highlights the patterns and techniques used by perpetrators to defraud citizens. The advisory also offers recommendations to regulate and mitigate the risks associated with these schemes, aiming to protect the public interest and the economy.