Tag Archives: Nigerians

Ponzi Schemes: Experts identify reasons why Nigerians easily fall victims

Economic stakeholders have explained the reasons why Nigerians easily fall victims of Ponzi schemes. According to the experts, i poverty, greed and lack of financial education have been identified as the major reasons. The stakeholders express concern at the alarming rate in which Nigerians are losing billions to criminals masquerading as investment portfolio managers. It will be recalled in 2016, ...

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We’ll ensure Nigerians get adequate protection, satisfaction in the market – CPC boss

Director-General, Consumer Protection Council (CPC), Babatunde Irukera, says the Council will continue to discharge it’s onerous responsibility to Nigerians in spite of challenges. Irukera said this during an interaction with members of the Commerce and Industry Correspondents Association of Nigeria (CICAN) this weekend in Abuja. He said that the Council would ensure that Nigerians get adequate protection, satisfaction as well ...

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