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Ponzi scheme

Scam alert as new Ponzi scheme, Naijaloan berths in Nigeria

МММ was a popular Ponzi scheme by a Russian company that became popular in the country before it collapsed. Later, another popular Ponzi scheme came called Tradermoni few months ago and it collapsed as well. The present one in Nigeria is Naijaloan which came with notion of lending money out replacing MMM notion of helping others…

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Investors lay siege on Oko Oloyun’s office, demand for their money as he runs an investment scheme similar to MMM Ponzi scheme

There was mild drama on Friday as investors storm the office of late Alhaji Fatai Yusuf, popularly known as Oko Oloyun, to demand for the money they invested in his Ponzi scheme. Oko Oloyun, a popular Lagos-based trado-medical expert, was murdered on Thursday around 4:30pm on the road while travelling to Iseyin, Oyo State. He…

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