List of latest Ponzi schemes in Nigeria

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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 require newer investors, it often end up collapsing leaving fresh investors with huge losses.

Many of the 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 stay away from them.

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

Do you know any other one out there?
Please drop your comments/opinion below:

(PageOne Nigeria)

Discussion3 Comments

  1. Please we need a proper update on Cashpipe…because people who piped over 20 days have not been merged..yet they are still collecting money from other people….moreso I observed that the only people who claim to have been merged are from the eastern part of Nigeria…is it that they are merging members of their family or its all a scam?in spite of all these observations they are still collecting money from unsuspecting individuals

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