The Economic and Financial Crimes Commission (EFCC) has clarified the reasons behind its operatives’ visit to Urban Radio 94.5FM in Enugu on Monday, an event that sparked widespread discussion on social media. Dele Oyewale, the EFCC’s Head of Media and Publicity, explained that a team from the Enugu Zonal Directorate, consisting of four officers, went … Read more
The Peoples Democratic Party (PDP) governorship candidate in Edo State, Asue Ighodalo, has instructed his lawyers to file a lawsuit against Senator Adams Oshiomhole, who represents Edo North, over alleged defamatory remarks. Ighodalo claims that Oshiomhole, a former governor of Edo State, accused him of being involved in “Planwell,” a Ponzi scheme operated in Edo … Read more
The Economic and Financial Crimes Commission (EFCC) is contesting a recent ruling by the Federal High Court in Yenagoa, Bayelsa State, that restrains the agency from seizing properties linked to Bliss Multinational Perfections Limited and its founder, Arch Oyinmiebi Bribena, over an alleged Ponzi scheme. The judgment, delivered on September 4 by Justice Isa H. … Read more
Nigerians In Tears As 86FB Football Investment Ponzi Scheme Crashes. Nigerians have once again fallen victims of online fraud after the unforgettable experience of MMM and other online Ponzi schemes that left many people in anguish. EDITOR’S PICK 2023: Full Details Of Buhari’s Meeting With Tinubu, Adamu, Others At Iftar Dinner [JUST IN] 2023: APC … Read more
EDITOR’S PICK: 5 Foods That Can Reduce Anxiety Instantly 3 Warning Signs Of Diabetes You Must Never Overlook 5 Bad Signs You Are Not Eating Enough Food Over the years, Nigerians have suffered significant financial losses as a result of Ponzi scams. Not long ago, some Lagos businesses began protesting the loss of N600 million … Read more
“Auntie, sorry to bother you but have you heard of XYZ scheme?” And the gentleman proceeded to tell me about the investment opportunity where l would invest and within a week be paid back double of my initial deposit. It was around the year 2004/05 or so and I was a job seeker with an … Read more