saintmark88: If KANU likes let him continue to clamour for Biafra on d street and in d media, truth is if its not done thru legislative means, I.e a call for referendum thru d legislature, then his agitation is no more than just political, let him continue, I bet u there will be no Biafra in d next 100years
MayorofLagos: For rest of hin life if this guy hear the name Buhari hin go tidy up. See how hin look with his head bowed down and shoulder crouched. Defeated!
Hey wait....didnt Justice Binta say he must recite ZOO national anthem before his release? How did he do with the recital?
pokipoki: Guy , stop telling lies. Persons from Uzebba are from Owan local council, which is in from Edo State, Nigeria. Can you confirm that you questioned the culprit and he said he was ibo?
The Economic and Finance Crimes Commission (EFCC), Lagos Zonal officer has announced the recovery of N400 million stacked in an abandoned Bureau De Change.
The anti-graft agency disclosed the recovery on Friday in a video on its social media while counting the money within the Bureau De Change but did not state the location where the huge fund was recovered.
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Princessaa1155: Are you still thinking of joining new ponzi schemes? Maybe you are confident of making extra money after a successful first trial or someone else is persuading you to join one of them and make big money within a short time period. Ponzi schemes are now rampant in Nigeria as we are seeing emergence of new ones even after what MMM Nigeria participants are currently passing through. This is why we compiled this list of fake ponzi schemes in Nigeria as of this year. 2017
However, before we proceed, shall we see the definition of a Ponzi scheme ? In this article, we have included two most popular definition for the term as you can see below.
First definition : It's a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
Second Definition : It's a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.
The word Ponzi was originated and named after Charles Ponzi. He died in the year 1949. He was the first man who carried out such a fraud in the year 1919–1920.
This type of business started gaining grounds in Nigeria in 2014 but increased drastically in 2016 as millions of Nigerian youths and even the aged people joined one scheme or the other in order to make quick money. No thanks to the poor economic situation and non availability of jobs for the youth.
One funny but interesting secret about this ponzi stuff is that most of them pays. In fact, many people have become millionaires through Ponzi schemes but why are some people not favored or scammed on it? The reason is because the real beneficiaries of any ponzi scheme are the pioneers (those that started it) once the scheme grows very big, the new members pays with their money unknowingly.
So we have carefully listed some of the Ponzi schemes in Nigeria that are not working properly. These schemes have been reported by many people labelling them scam because they didn't get back the money they threw into the platform so we also label them as scam. So beware before you join any of them.