Racksterli owned by Michael Oti, apart from now promising mouth-watering return on investment within 45 minutes – an incredibly short period of time – from the 30-day period it dangled before ...
The celebrities had been seen in viral videos promoting the platform, prompting people to invest in it. Nigerians have called on security operatives to arrest some celebrities, including David Adeleke ...
“I want to introduce you to one of the biggest investment platforms in Nigeria, RackSterli,” the pop star Davido told his millions of fans in a video last December. “If you invest with RackSterli, you ...
You know that moment when your friend tells you, 'This platform is paying! I made 100k in just two weeks!' and your ears perk up? No shame in admitting it — we can all relate. In a country where the ...
In recent years, thousands of Nigerians have fallen prey to the devious antics of money-doubling platforms, popularly known as Ponzi schemes. DEBORAH DAN-AWOH looks at the trend and how Nigerians are ...
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Nigerians As Prisoners Of Ponzi Schemes
There’s an old saying: “When a lie wears a new coat, the gullible mistake it for the truth.” In Nigeria, the lie of fast, unearned wealth has worn more coats than any swindler could sew, from MMM to ...
Nigeria’s long-standing battle with Ponzi schemes has woven a dark tale of financial deception, one that stretches over decades and has claimed the savings and dreams of millions. Each collapse brings ...
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