business
SEC Opens Investigation into FF Tiffany Over Alleged Multi-Billion Naira Ponzi Scheme

SEC Launches Full Investigation Into FF Tiffany Over Alleged Billion-Naira Ponzi Scheme
The Securities and Exchange Commission (SEC) has commenced a comprehensive investigation into FF Tiffany, an alleged fraudulent investment platform accused of defrauding thousands of Nigerians—both locally and abroad—of billions of naira.
According to preliminary findings, FF Tiffany enticed unsuspecting investors with promises of unusually high and unrealistic returns, a classic trait of Ponzi schemes. The SEC has labeled the situation a serious threat to investor trust and the overall integrity of Nigeria’s financial markets.
In a bid to ensure justice, the Commission is working closely with law enforcement agencies and other regulatory bodies to identify and prosecute all individuals involved, in accordance with the Investment and Securities Act and applicable laws.
The SEC also reiterated long-standing warnings to the public about the dangers of investing in unregistered platforms that promise “guaranteed” or inflated returns. These schemes are not regulated and therefore offer no legal protection to investors.
Currently, the SEC is also probing 79 other suspected schemes across the country, with a detailed update to follow as investigations are concluded.
To curb further exploitation, the Commission urged Nigerians to verify the registration status of any investment firm through the official SEC website or its verified contact channels.
Under the leadership of Director General Dr. Emomotimi Agama, the SEC has intensified investor awareness initiatives nationwide—including community outreach, printed educational materials, and in-person sensitization sessions in local markets.
During one such event, Dr. Agama emphasized the harsh consequences of falling victim to Ponzi operations. “The danger is real,” he said. “You could lose all your savings. You may fall into depression or ill health due to the stress. In the end, you’re not just risking your finances—you’re endangering your family, your business, and your future.”
He reaffirmed the SEC’s ongoing commitment to safeguarding Nigerian investors and eradicating illegal financial schemes from the nation’s economic landscape.
business
Discover Life-Changing Digital Products You Can Buy Today on Selar

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business
We are Hiring: Social Media Growth Ambassadors (2 Positions)

Remote | Part-Time or Flexible Hours
Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!
Role Overview:
We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.
Key Responsibilities:
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Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X
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Share daily job updates, business news, and smart money tips from the website
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Drive website traffic using content, trends, reels, and referral links
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Respond to DMs/comments and convert viewers into website visitors
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Provide weekly reports on reach, impressions, and traffic performance
What You’ll Need:
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A strong presence on social media (min. 2,500 followers on at least one platform)
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Great communication skills and social media creativity
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Consistency and accountability
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Passion for helping people grow their careers or income
What You’ll Get:
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Monthly stipend + performance-based bonus
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Opportunity to grow your personal brand with us
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Free digital training + content materials
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Certificate of Digital Advocacy (upon successful campaign)
How to Apply:
Send us a message with:
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Your full name
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Link to your active social media profiles
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Short message on why you are the perfect fit
-
Screenshot of your past engaging post (if available)
Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025
business
NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria
In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.
A Strategic Partnership for Economic Transformation
This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:
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Export financing and access to global markets
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Tailored financial products for SMEs
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Capacity-building and training programs
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Promotion of Made-in-Nigeria products internationally
The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.
Empowering SMEs for Global Competitiveness
Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).
“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.
Removing Barriers and Unlocking Opportunities
On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.
“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.
He also outlined key focus areas of the collaboration:
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Providing export-oriented financing solutions
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Offering expert training and advisory services
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Simplifying export processes for MSMEs
🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda
This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).
About the Agencies
NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.
SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.
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