On April 30, the EFCC declared Elie Bitar, a foreign national, wanted in connection with the $1 billion investment scam. A federal high court in Abuja...
Earlier in April, the digital asset trading platform collapsed and subsequently swept over ₦1.3 trillion from investors’ wallets, leaving many Nigerians devastated.
Without resort to flattery in this context, it is germane to applaud her creative spark. This is as Henshaw has always been known for more than...
Governments are no saviors, they’re enablers, and a part of the mess. Nigeria’s SEC and EFCC only moved after CBEX fled, despite its open operations since...
At this juncture, it tempting to ask, “Why do we keep getting burnt?” To answer the foregoing question, let us call it what it is: a...
Ponzi and CBEX’s gambits were not dissimilar. They were predicated on paying existing investors funds that were collected from new investors. As the Ponzi scheme left thousands of investors devastated, having lost their life savings, its traits ultimately...
This is the cultural context that has made Ponzi schemes flourish. The CBEX scam that recently ravaged countless Nigerians isn’t just a financial story—it’s a cultural...
All these warnings fell on deaf ears. Instead, people were more attuned to familiar goodwill messages being spread by various CBEX agents: “Invest one hundred thousand...
The most infamous Ponzi scheme in Nigeria’s history, MMM Nigeria promised returns of up to 30% within 30 days. The scheme attracted millions before it crashed...
Some, as Onyeka noted in the interview, have argued that Chi does not necessarily mean god. Chi could mean one's...
We had several days of slow sailing, and after great difficulty we finally neared Cnidus. But the wind was against us, so we sailed...
African academics should not just talk about the reality of 'witchcraft'; they should be ready to walk their talk and...
One of such victims is Ya Kakasha from Mokwa. Ya Kakasha passed away some weeks ago. She was a survivor...
The MPC’s decision reflects a cautious shift towards easing, but Nigeria’s monetary policy remains among the tightest globally. By maintaining...
This column does not in anyway encourage Nigerians not to be responsible, hardworking, intelligent, or religious. It is just a...
Looking ahead, the CBN faces tough choices. Should it continue with heavy interventions in the economy, or focus strictly on...
The best way to generate higher tax revenue is to grow the economy and broaden the tax base, so as...
Neymar has criticised France Football after Barcelona star Raphinha was ranked 5th in the 2025 Ballon d’Or despite 64 goal...
PSG and France star Ousmane Dembélé has won the 2025 Ballon d’Or, announced at the Théâtre du Châtelet in Paris...
Barcelona star Lamine Yamal, 18, makes history as the first player to win the Kopa Trophy two years in a...
Manchester City captain Bernardo Silva criticised football’s fixture makers for a lack of fairness after facing Arsenal just 66 hours...