2026-04-17 07:53:37
Nigeria's SEC Flags Tofro.com as Fraudulent Ponzi Scheme, Warns Public Against Investment
Nigeria's SEC warns against Tofro.com, labeling it a fraudulent, unregistered Ponzi scheme offering high returns and failing withdrawal requests. The SEC urges public caution and verifies investments through its website. Penalties for promoters have increased under new regulations.