SEC warns Nigerians against Ponzi scheme 'LOOM'

The Securities and Exchange Commission (SEC) has warned Nigerians against fraudsters currently running an online investment scheme tagged “Loom Money Nigeria’’.

Acting Director-General of the commission, Ms. Mary Uduk, gave the warning at a news conference on Thursday in Abuja.

A statement by SEC’s Head of Media, Mrs Efe Ebelo, said that Uduk, who was represented by acting Executive Commissioner, Operations of SEC, Mr. Isyaku Tilde, said Loom Money Nigeria had taken over the social media.

PHOTO | Nigeria Lady Breaks 125 Year Academic History In The US

A Nigerian girl of Igbo extraction, Tobechukwu Phillips has broken the 125 academic history of her high school in Texas, US according to reports.

Phillips, who earned A’s all through her stay at Alvin High School boasted a 6.9 GPA. She is now the first Black valedictorian of her school.

Naira Marley | EFCC files Fraud Charges against Singer

The Economic and Financial Crimes Commission has filed an 11-count charge on credit card fraud against Naira Marley (real name Azeez Fashola).

This is coming after the singer’s team released a statement saying he was arrested with an item that wasn’t his at his apartment in the early hours of last Friday, his birthday.