Tag: ponzi scchemes

Senate Probes ₦1.3trn CBEX Collapse as Ponzi Schemes Ravage Nigerian Economy

by Victor Haruna

July 9, 2025

The Nigerian Senate has opened a sweeping investigation into the operations of Ponzi schemes across the country, with a particular focus on the collapse of Crypto Bullion Exchange (CBEX), a ...

Unregistered Investments Are Ponzi Schemes, Warns CIS President

by Victoria Ogbadu

May 5, 2025

Oluropo Dada, president and chairman of the Chartered Institute of Stockbrokers (CIS), warned that unregistered investments in Nigeria’s capital market are Ponzi schemes aimed at defrauding investors. This follows the ...