Why Nigerians keep falling victim of Ponzi scheme – experts
Poverty, greed, and lack of financial education have been identified as reasons Nigerians continue to fall victims of ponzi schemes, investment experts have said.
According to them,…
Browsing Tag
Ponzi scheme
‘MMM Culture’ and the African worldview: A match made in hell (2)
In 1998, 18 years after emerging from Rhodesian apartheid rule, Zimbabwe was at a crossroads. One of the key promises of the Chimurenga (Liberation War) was that expropriated land held by…
Nigeria’s SEC says engaging other agencies to curb Ponzi Schemes
The Securities and Exchange Commission (SEC) has disclosed that it is engaging the National Orientation Agency as well as regulators of public agencies to curb the activities of illegal…
NDIC warns Nigerians against Ponzi schemes, illegal fund managers
The Nigeria Deposit Insurance Corporation (NDIC) on Thursday cautioned Nigerians not to patronize the services of Ponzi schemes and illegal fund managers also called “wonder banks”.
NDIC…
Five ways to invest money in Nigeria for beginners
At the peak of the Mavrodi Mundial Moneybox (MMM) Ponzi scheme that crashed in December 2016, many Nigerians had caught the bug of quick, large returns on investment of up to 50 percent.…