Tag: Ponzi scheme
Ponzi schemes, cancer to capital market — SEC
By GINIKA OKOYE
ABUJA- The Securities and Exchange Commission (SEC) has described ponzi scheme as “cancer” bedeviling effective operations of the capital market.The Director-General of...
Ponzi scheme: NDIC warns Nigerians to beware of fraudulent financial institutions
By FATIMA MOHAMMED-LAWAL
ILORIN- The Nigeria Deposit Insurance Corporation (NDIC), has advised Nigerians to beware of ponzi scheme operating under the guise of financial institutions.Mr...
Lagos traders protest N600m loss to Ponzi scheme
Abuja - A businesswoman, Chinyere Emeka-Atu, has been accused of defrauding traders and market women of over N600m in Lagos State.
PUNCH Metro gathered...
Greedy Nigerians fall victims of Ponzi schemes- Financial experts
Ponzi Schemes, easy money promised through an elaborate network in which participants pool money for individual’s benefit, may have cost Nigerians more than 486...
Why Nigeria is a scammer’s paradise, By Osmund Agbo
In the aftermath of World War I, the cost of postage in Italy expressed in United States dollars fell precipitously due to the high...