By Salisu Na’inna Dambatta The ongoing CBN-inspired recapitalisation for banks has serious implications for the banking sector, the equity capital market and the Nigeria Deposit Insurance Corporation of Nigeria (NDIC). While the banking sector may become stronger with deeper capital and consequent ability to finance productive economic …
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By Salisu Na’inna Dambatta Promoters of Ponzi Schemes scams are aggrevating poverty in the country. They do this by swindling Nigerians of huge amounts of money. A Ponzi scheme is defined as “an investment fraud that pays existing investors with funds collected from new investors.” This is clearly doubtful for …
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By Salisu Na’inna Dambatta Promoters of Ponzi Schemes scams are aggrevating poverty in the country. They do this by swindling Nigerians of huge amounts of money. A Ponzi scheme is defined as “an investment fraud that pays existing investors with funds collected from new investors.” This is clearly doubtful for …
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