Less than a year after the CBEX Ponzi scheme wiped out N1.3 trillion in Oyo State, another fraudulent investment scheme has reportedly defrauded over 950 investors...

By YUSUF MOHAMMED Nigerians seem to be easily attracted to Ponzi schemes under any guise basically as a result of their predisposition for quick riches. The...

By OBINNA EZUGWU Driven by the lure of quick money, Nigerians have continued to embrace ‘Loom Money Nigeria,’ a Ponzi scheme, despite warnings by the Security...