- Ponzi schemes have robbed a lot of Nigerians of their hard-earned money and wrecked many businesses and homes
- Unfortunately, they don’t present as Ponzi schemes when requesting investments from would-be investors
- To avoid losing your hard-earned money to these fraudsters, these are the top 7 critical signs to watch out for
Hundreds of Nigerians have lost billions of naira to several Ponzi schemes in the last decade. Earlier this year, the Economic and Financial Crimes Commission (EFCC) revealed that in the last three years, it has received no less than 1,000 letters filed against Ponzi scheme operators on a monthly basis.
Ponzi schemes are unverified investment platforms that promise investors high and mouth-watering interests on their investments.
