SEC Warns Nigerians as Glorious Wealth Fund Exposed as Ponzi Scheme

SEC Warns Nigerians as Glorious Wealth Fund Exposed as Ponzi Scheme

The Securities and Exchange Commission (SEC) has declared Glorious Wealth Fund (GWF) a Ponzi scheme after investors reported being unable to withdraw funds. The regulator warns Nigerians to avoid the platform and highlights over N300bn lost to Ponzi scams in recent years.

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