₦airaland Forum

bassdow:
So EFCC, and all other relevant arms of the government would always choose to keep mute till things goes wrong.

What stops the bunch of waste products called EFCC and the likes being proActive

Kobicove:
Mere warnings are not enough, the government should follow it up with stiff financial penalty or jail term for any yeyebrity who is involved in promoting Ponzi investment scams!

Acekidc4:
The so called yeyebrities are also involved in the scam from the beginning because they know that the average Nigerian is gullible and greedy💯

Wealthoptulent:
thats the WORD: GREED
they will never LEARN, they heard of MMM but yet arrived at same route today!
any BUSINESS you cant DEFINE what u BUYING, SELLING, Ur CAPITAL and GAIN, the SECTOR u funding is not an INVESTMENT

Acekidc4:
The so called yeyebrities are also involved in the scam from the beginning because they know that the average Nigerian is gullible and greedy💯

malali:
Once again, the government arrives late to the crime scene—after citizens have been financially violated—only to issue warnings and threats to celebrities. The CBEX crash didn’t happen in one day. There were months of social media ads, fake testimonials, and high-profile endorsements.

Where were the EFCC, SEC intelligence arms, the Central Bank, and fintech watchdogs when Nigerians were pouring billions into these traps?

Regulation is not reaction. Regulation is protection.

If oversight agencies only flex their muscles after the public is scammed, then the system isn’t regulatory—it’s ceremonial. And now, they want to scapegoat celebrities and media influencers as the problem?

Let’s ask it plainly:

Are celebrities and media influencers running the country now?

When the government refuses to:
• Proactively flag suspicious investment schemes,
• Mandate ad disclosure and digital audit trails, and
• Enforce public accountability BEFORE people are swindled,

Then you can’t turn around and wag your finger at desperate Nigerians trying to survive by promoting “opportunities.”

Yes, influencers should be more ethical—but they are not policymakers.
They didn’t authorize these fake firms.
They didn’t allow CBEX to run TV ads.
They didn’t sit on the sidelines while the app hit a million downloads.

Poverty has become a tool, and opportunists are weaponizing it daily.

What Nigeria needs is:
• Proactive surveillance teams tracking high-risk fintech apps,
• Fast-response bans on suspicious investment sites, and
• Direct SMS alerts to Nigerians about red-flag companies.

SonOfWords:
Any Nigerian who gets fleeced by a ponzi scheme most certainly deserves it!

Greed and foolishness is a dangerous combination for any human to have, and you cannot wake up everyday to blame the government for everything, as if the government is meant to use your brain for you.

Even in sane climes, no right thinking person gives consideration to money doubling schemes. Yet Nigerians have consistently proven to be too stupid to see beyond these lofty promises of easy wealth.

This same greedy mentality accounts for the monumental corruption that currently permeates all spheres of our societal existence.

And you chalking it down to poverty, is an insult to the sensibilities of this internet audience. Because there's absolutely no way you can bury ten thousand dollars (or naira) in a ponzi scheme and claim to be poor.

seunjungle1:
And I warned this boy not to get himself involve in this kind of thing that it is not real but being desperate got him hurt himself the more.

bestman09:
They are all involved!
I was trying to explain to someone that CBEX is a scam last month and she showed me a document purported gotten from EFCC certifying that CBEX is an online trading platform, and not involved in money laundering.
Do you think it is easy to get any form of certification from the EFCC?

nairalanda1:
The best way to deal with a ponzi is to let it run its course.

Try to stop it at its height, and people will curse you and launch lawsuits against you for financial losses. Or say that you are preventing them from making money.

Remember when MMM was at its height. SEC and other agencies warned people. Even one popular pentecostal bishop called it demonic. And what was people's response? Mockery, abuse, some of it tribalistic.

Let the ponzi run its course. That is the only way. Truth will open eyes when experienced. Even in saner climes, the law does not move in until the thing collapses

ledaman:
The government should stand it ground against it.
That is why we have ICPC and EFCC agencies to stop the menace.

bestman09:
They are all involved!
I was trying to explain to someone that CBEX is a scam last month and she showed me a document purported gotten from EFCC certifying that CBEX is an online trading platform, and not involved in money laundering.
Do you think it is easy to get any form of certification from the EFCC?

SonOfWords:
[b]Any Nigerian who gets fleeced by a ponzi scheme most certainly deserves it!

Greed and foolishness is a dangerous combination for any human to have, and you cannot wake up everyday to blame the government for everything, as if the government is meant to use your brain for you.

Even in sane climes, no right thinking person gives consideration to money doubling schemes. Yet Nigerians have consistently proven to be too stupid to see beyond these lofty promises of easy wealth.

Acekidc4:
The so called yeyebrities are also involved in the scam from the beginning because they know that the average Nigerian is gullible and greedy💯

rajiedreez:
What about media houses and religious houses