Ponzi Schemes

The Nigeria Internet Registration Association (NIRA) on Friday, said it was going to clamp down on internet abuses by various forms of Ponzi schemes such as the Mavrodi Mondial Moneybox, MMM, Ultimate Cycler, Givers Forum and more. According to Vanguard, Mr Sunday Folayan, the President of NIRA, made this known…

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Ponzi Schemes are now making waves in Nigeria. It’s now the topic most youths are now talking about. Ponzi Schemes in Nigeria are now rampant even more than Football betting. Though, people see it as the fastest way to get extra money by providing and getting help from one another…

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