Tag Archives: Ponzi scheme

Experts explain why Nigerians continue to patronize Ponzi Schemes

The activities of Ponzi Scheme operators have been on the increase in Nigeria, especially in the last decade. Nigerians will not forget in a hurry, Mavrodi Mundial Movement (MMM) which is perhaps the most popular Ponzi scheme ever introduced into Nigeria. When the scheme finally crashed in 2016-2017, the CBN revealed that N12 billion was lost by investors. Since MMM, ...

Read More »