Calling off the Academic Staff Union of Universities (ASUU) strike — which has spanned over five months – would offer a glimmer of hope for students, but it would jolt
Tag "Ponzi scheme"
Is Nigeria’s insurance industry now a glorified Ponzi scheme? This is the question concentrating the minds of investors right now. It has concentrated mine since August last year. The reason
The Securities and Exchange Commission (SEC) has frowned at the resurgence of Ponzi schemes and illegal fund managers in the country’s financial sector. Lamido Yuguda, director-general of SEC, frowned at
The Securities and Exchange Commission (SEC) has advised Nigerians to do due diligence on investment platforms through its portal before
The Economic and Financial Crimes Commission (EFCC) says it has arrested one Amos Omotade-Sparks, identified as the operator of the
Bernie Madoff, an American investment advisor and convicted Ponzi scheme fraudster, is dead. The 82-year-old died on Wednesday at the
In recent years, Nigerians have been victims of various ponzi schemes ranging from MMM to Loom. Despite the widespread reach
Lamido Yuguda, director-general of the Securities and Exchange Commission (SEC), says three million Nigerians lost N18 billion to ponzi scheme
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