NewStats: 3,263,969 , 8,182,110 topics. Date: Monday, 09 June 2025 at 06:09 AM 20692u

Zocalite:


Pennywise around 2007 -2008

You know ball

GanagiBitrus:
Not excusing Nigerians' greed & quest for quick money, but Govt also has responsibility to protect her citizens.
SEC & other agencies shouldn't be licensing & allowing such dubious schemes to operate, & scam Nigerians.

None of these was licensed by SEC. Investors themselves must carry out thorough due diligence before putting their money into investments.

Planwell - 2002-2005

This list is incomplete without Afriq Arbitrage System operated by Jessm Michael, a man from Ugep in Cross Rivers State. He duped Nigerians and others nations about $10million dollars. He was quite well apprehended by the police when he attempted escaping out of the country. But up till now nothing has been heard about his case.

What about that one called cheersway and their catastrophic tiktok shop.
They scammed their subscribers in February this year too.

Give it another 5 years, people will still fall mugu to another ponzi.

I no see NBA Forex. Crashed around 2021

Fwfootbal 2022

Omooba77:





https://www.vanguardngr.com/2025/04/from-mmm-to-cbex-list-of-ponzi-schemes-that-have-stolen-from-nigerians/

Believe me, if another Ponzi scheme comes, they will still defraud millions of NIGERIANS and have a big harvest.
Nigeria is a land very rich with mugu.
Many NIGERIANS claims they are intelligent and smart, is a lie.
Nigerians are only crafty.
They will continue to fall mugu.

You did not mention Baraza that brought Bayelsans to their knees economically

so watin go come happen to those people when they the office when them say them open all over nigeria so.

You nor include the recent one ooo... Powmining. Started last year and just crashed last week

MMM na the baba .......... there were some in the 90s giving people household items and daewoo racer cars

How about OmegaPro?
And many others, that has caused heartache to many Nigerians

whytediamond:


Zero sympathy for bastards thinking they can get rich by bringing 1million and keep it for 3months so dey can get additional 500k.

Una go cry blood. Greedy Idiats

and your brother is among oo

Even MMM never moved me then. But how come the victims are more from ibadan

Riskymarvelous:
and your brother is among oo

Fvck him too

Sunnydays:


None of these was licensed by SEC. Investors themselves must carry out thorough due diligence before putting their money into investments.

So why allow them to freely operate unlicensed?

Nigerians are so vulnerable that even if another ponzi scheme emerges tomorrow, thousands will still fall victims.
So Govt has to do more by criminalising such dubious schemes & not allowing them freely operate & scamming Nigerians.

Nawa! Things are really happening!
Just imagine, na clergymen and women dey run fraud now!

ShootThemAll:


Yes, from Nigeria.

PennyWise... Some of you no go know this

Wireproductivit:
PennyWise... Some of you no go know this

Of course. I also Goldlinks around 2006.

Lautech people will DiamondCash then as well.

You forgot to add bizcoin. Many idiots fell for it too

They will never learn this is the new yahoo boy mega cash out..

CHYMALL and StakeXchain should be in the list

Where's CHYMALL on the list o?

What of Sabi forex

nairalanda1:
Not mentioned: twinklas.

That name sounds childish

700k went down with Twinkers in 2017.

So no one heard of sun power

Uyoukowise:
What of Sabi forex

Those guys will die uncelebrated and will experience pains to their fourth generation.🤣

Omooba77:





https://www.vanguardngr.com/2025/04/from-mmm-to-cbex-list-of-ponzi-schemes-that-have-stolen-from-nigerians/

You forget to add OMEGA PRO 😂🤣 only the greedy ones fall for the Ponzi Scheme.

Clients everywhere in Nigeria.