Acting Director-General of the commission, Ms. Mary Uduk, gave the warning at a news conference on Thursday in Abuja.
The director-general disclosed that the fraudsters carried out their illegitimate activities via social media platforms like Facebook and Whatsapp. “They lure the investing public to participate by joining various Loom Whatsapp groups to invest as low as N1, 000 and N13, 000 and get as much as eight times the value of the investment in 48 hours.
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