Alleged impostor arrested by police over attempted robbery in Minna
A man impersonating a soldier was arrested in Minna after attempting to divert passengers under false pretences and flee with their motorcycle.
Flamingo
Mealshare Network vanishes with millions in Niger food subsidy scam, over 100 defrauded
Residents of Flamingo in Minna, Niger State, accuse Mealshare Network of defrauding over 100 people in a bogus food subsidy scheme. Victims paid up to ₦86,000 expecting discounted food items, only to find the outlet shut and operators vanished. Police confirm investigation is ongoing.
Alleged Ponzi scheme mastermind arraigned by EFCC for laundering N10bn
“The offences contravene Section 15(2)(d) of the Money Laundering Act,” EFCC counsel tells Justice Aneke.
How greed, regulatory lapses fueled N1.3trn CBEX heist
Packaged like a legitimate investment house, CBEX is the latest in a long list of Ponzi-style operations that have repeatedly preyed on the hopes and greed of unsuspecting citizens.
₦1.3 Trillion Gone: When will Nigerians learn?
When will Nigerians ever learn? Ponzi schemes always pay the first few people to suck in the crowd. But they never fail to slay the last many people.
A look back at 11 unforgettable Ponzi schemes in Nigeria
“Despite the painful history of financial scams, the trend of ‘get-rich-quick’ has continued…”