Ponzi schemes Nigeria
Sycamore MD: Warnings Alone Won’t Stop Ponzi Schemes
The Managing Director of Sycamore Investment and Asset Management Limited, Gbenga Magbagbeola, has called for a coordinated, multi-sectoral approach to end the wave of Ponzi schemes defrauding Nigerians. In an exclusive interview, Magbagbeola stressed that issuing public warnings is not enough to combat the growing financial scams that have cost citizens billions of naira. Speaking […]
EFCC Blasts Motivational Speaker Over Outrageous $18,000 Mentorship Fee
The Economic and Financial Crimes Commission (EFCC) has strongly criticized a controversial mentorship programme launched by a Nigerian motivational speaker, Stephen Akintayo, who demanded a staggering $18,000 (approximately ₦30 million) for enrollment. The anti-graft agency warned Nigerians to be cautious of investment schemes that could put them at financial risk. The EFCC controversy erupted after […]