- 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 nightmare
- Nigerians have suffered significant financial losses due to a variety of Ponzi schemes and related frauds, according to the NDIC director
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Between January 2023 and December 2024, Ponzi schemes and other financial fraud activities cost Nigerians more than N93.72 billion, according to investigation.
