List of latest Ponzi schemes in Nigeria

These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into.

What is a Ponzi scheme?

A Ponzi scheme is a scam whereby old investors are paid with proceeds of investment from old investors. Because the scheme requires newer investors, it often ends up collapsing leaving fresh investors with huge losses.

Many of them are ponzi scams, pyramid schemes and cryptocurrency schemes that require its members to buy packages into a fake digital currency that has no value outside of the group.

While many have collapsed, many others are being started every day. PageOne.ng does not support or back any Ponzi scheme and we advise our readers to stay away from them.

We will continue to update the list from time to time.