Ponzi Scheme

The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 other …

The Economic and Financial Crimes Commission (EFCC) says it has recovered N216,402,565.05 from Swiss Golden Investment, an online investment company. A statement from the commission said the investigation shows the …

In spite of the financial loss suffered by millions of Nigerians who participated in the failed Ponzi scheme, Mavrodi Mundial Moneybox, MMM, in 2016, Twinkas, a similar scheme, is making …

More troubles are here the Mavrodi Mondial Moneybox, MMM, Ultimate Cycler, Givers Forum and many others as the Nigeria Internet Registration Association (NIRA), a Federal Government internet agency on Friday, …

A Nigerian online marketer, Adesanya Sunday Abiodun has recounted how he lost over 2 million naira last year through various forms of Ponzi schemes. Adesanya regrets his acts and swears …

The search engine, Google, says that trending most on its site is the sacking of Joseph Aiyedun, a pastor with the popular Nigerian church, Omega Fire Ministries. The Google’s Communications …

According to a statement signed by Pastor David Apelorioye, the head of admin at OFM, Pastor Joseph Aiyedun, who is in charge of one the OFM branches in Aba, Abia …

MMM NIGERIA had their first meeting in 2017, yesterday in Lagos. The deliberations according to one of their super guiders are as follows: 1. We are here to re-orient ourselves. …