Tag: NIGERIAN SENATE

  • SENATE KICKS OFF INVESTIGATION INTO PONZI SCHEMES

    SENATE KICKS OFF INVESTIGATION INTO PONZI SCHEMES

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    Senate has mandated a joint committee to investigate the surge of Ponzi schemes nationwide, particularly following the collapse of Crypto Bullion Exchange (CBEX), which reportedly defrauded investors of over ₦1.3 trillion. The motion, sponsored by Senator Adetokunbo Abiru, highlighted concerns over fraudulent schemes like MMM Nigeria, MBA Forex, and CBEX, which promised high returns on…