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Ponzi scheme

MMM Nigeria
ICT

‘Loom Money Nigeria’ another face of MMM, SEC warns greedy Nigerians

The Securities and Exchange Commission (SEC) Thursday raised fresh alarm warning the Nigerian public to distance themselves from yet another online fraud presented as investment scheme known as Loom Money Nigeria (LMN). The regulatory agency made it clear that there…

Ponzi Scheme
ICT

Yudala gives more insights on why Ponzi scheme thrives upon risks, awareness

The Research & Development Unit of Yudala, Nigeria’s fastest growing e-commerce outfit has concluded a new study on why Ponzi schemes remain popular in spite of their clear and present dangers. It would be recalled that the scheme was largely…