Reps mull 10-year jail term for ponzi scheme operators
The House of Representatives, yesterday, passed for second reading, a bill to repeal the Investments and Securities Act (ISA) 2007 and enact the Investments and Securities Act to establish Securities and Exchange Commission (SEC). The bill, which seeks to make SEC the apex regulatory authority for the Nigerian capital market, prescribes 10-year jail term … [Read more…]