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Tag Archives: Ponxy

NDIC alone tackle Ponzi scammers?

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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