The Economic and Financial Crimes Commission (EFCC) has raised public awareness concerning 58 companies suspected of running illegal Ponzi schemes disguised as investment opportunities. The EFCC’s statement detailed how these organizations allegedly operate without the necessary authorizations, potentially defrauding unsuspecting investors seeking viable financial growth.
This announcement underscores the importance for Nigerians to exercise caution and conduct thorough due diligence when approached with investment opportunities. The EFCC’s alert aims to protect citizens from falling prey to fraudulent schemes that could result in financial losses.
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