PWAN is a Scam, SEC Warns Potential Investors
The SEC is standing up against Ponzi schemes in Nigeria. It is reaching out to the unaware in marketplaces, distributing fliers and instructing investors to look carefully before a leap.
Several Ponzi Schemes have succeeded in Nigeria in recent years, and these warnings are coming later than expected. The latest of those is CBEX. The EFCC is still out to find those involved.