Greed or Gullibility? Ponzi Schemes and the Nigerians’ Experience

For decades, Ponzi schemes have preyed on the financial aspirations of people across the world. However, in Nigeria, these fraudulent investment models have found particularly fertile ground. From the infamous MMM (Mavrodi Mundial Moneybox) to the more recent CBEX scam, countless Nigerians—especially from the lower economic class—have fallen victim to promises of high returns on […]
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