ponzi scheme in nigeria

  1. Nigeria Metro News

    Metro EFCC’s Kano Office arrests Ponzi Scheme operators, recover Firearms (photos) – Linda Ikeji’s Blog

    The Economic and Financial Crimes Commission, EFCC,has arrested the duo of Garba Iliyasu and Umar Iliyasu who are alleged to be running a Ponzi Scheme in Kano under the name, MGB Global Market..... Read more via Linda Ikeji’s Blog – https://ift.tt/30ZQl0B Get More Nigeria Metro News
  2. Nigeria Business News

    Business Beware Of Ponzi Schemes, SEC Warns Nigerians – Leadership Newspaper

    Nigerians have again been advised to desist from investing their money in various investment schemes that are not registered to operate fund management functions. The acting director-general of the Securities and Exchange Commission (SEC), Ms. Mary Uduk disclosed this in the face of various...
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    Metro EFCC arrests ponzi scheme operator who ‘defrauded Nigerians of N7bn’ - The Cable

    The Economic and Financial Crimes Commission (EFCC) has arrested Babagana Dalori, chief executive officer of Galaxy Transportation and Construction Services Limited, for allegedly defrauding Nigerians through a ponzi scheme. The commission said 27,400 Nigerians lost N7 billion through fake...
  4. Nigeria Business News

    Business Sad reason why Nigerians keep falling prey to Ponzi Schemes – Nairametrics

    Ever heard of a Ponzi Scheme? Of course, you have! As Nigerians, most of us love the idea of earning unrealistic returns on investments. This explains why Ponzi Schemes remain popular in the country, despite the disappointment aftermaths often associated with it. Not too long ago, many people...
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    Business MMM Nigeria: Anxiety Grips 'Investors' Over Inability To Get Help

    Anxiety has gripped investors of the Mavrodi Mundial Moneybox (MMM) in Nigeria over their ability to ‘get help’ (GH). The suspension placed on Ponzi scheme in Nigeria last month was lifted on January 13, a day before the stipulated time by the founder, Sergey Mavrodi. A guider, who craved...
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    Business MMM Nigeria Battles To Console Panic-Gripped Mavrodians

    The operators of Mavrodi Mondial Moneybox, MMM, a ponzi scheme, are battling to console millions of panic-gripped Nigerians. About three million Nigerians are believed to have invested in the scheme. MMM on Tuesday, frozen by one month, payments of both capital and 30 per cent interest...
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    Business Crash Panic Hits Mavrodians, As MMM Nigeria Freezes All Members' Money

    Panic and probable loss of confidence on MMM Nigeria by members of the Ponzi scheme over a freeze on all money in the system. The shocker came early Tuesday morning as a the system placed suspension of members' cash till next year. According to a statement, the Ponzi Scheme administrator said...
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