Why are more Nigerians falling victim to Ponzi gimmicks? – Nairametrics


The Economic and Financial Crimes Commission (EFCC) has received an average of 1,000 letters filed against Ponzi scheme operators every month in the last three years.

This was disclosed by a source in the anti-graft agency to Nairametrics over the weekend.

According to the source, who preferred anonymity, these complaints come from the regional offices of the agency and most times, more letters are received from rural areas across the Southern and Northern parts of the country.

What you should know about victims’ complaints

“We get more than 1,000 letters per month because there are thousands of victims who are ignorant of the fact that they are supposed to report such cases to the EFCC. 

“We get more petitions/complaints against some alleged Ponzi schemes operators from across the country but more come from suburbs in Lagos, Ogun, Oyo, Osun, Sokoto, Adamawa, Kano, and Rivers among others.

“We have found…

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