NEWS: Nigeria Loses N93.72 Billion to Ponzi Schemes in 2 Years

Nigeria Loses N93.72 Billion to Ponzi Schemes in 2 Years

Nigerians lost around N93.72 billion to Ponzi schemes and other financial criminal operations between January 2023 and December 2024.Scammers have expressed concerns about the need for stricter legislation and greater public awareness to stop the growing nightmareNigerians have suffered significant financial losses due to a variety of Ponzi schemes and related frauds, according to the NDIC director

Henzodaily.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy,…

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