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Ponzi schemes

ICT/Telecoms

AI assisted Ponzi schemes: How Meta, YouTube’s regulatory lapses enable scammers smile to banks

ARTIFICIAL intelligence has become the latest bait in a growing wave of Ponzi schemes targeting Nigerians. In this investigation,...
Nurudeen AKEWUSHOLA -
Banking and Finance

Timeline of Ponzi schemes in Nigeria: A decade of financial fraud, deception

THOUSANDS of Nigerians had watched helplessly as MMM, the infamous Russian-born mutual aid scheme, crumbled overnight in 2016. Despite...
Fatimah QUADRI -
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Banking and Finance

ISA 2025: Ponzi schemes operators to face 10 years jail term

THE Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has announced that the newly signed Investment and Securities...
Ehime ALEX -
Business and Economy

Five financial scams to be wary of in 2024

IN November 2023, an X user, @ElsaVanilla raised an alarm about the actions of Iriodalo Emmanuel Obhafuoso, a young...
Nurudeen AKEWUSHOLA -
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News

Celebrities’ endorsement, greed, others facilitated Nigerians’ N300bn loss to Ponzi schemes in 5 years

Public endorsement of Ponzi schemes by Nigerian celebrities, greed and poor financial investment knowledge have been identified as some...
Harrison EDEH -

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