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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...