Why Nigerians Keep Falling Into Get-Rich-Quick Traps episode artwork

EPISODE · Apr 16, 2025 · 25 MIN

Why Nigerians Keep Falling Into Get-Rich-Quick Traps

from Nigeria Daily · host Daniel Oluwole

Thousands of Nigerians have been scammed by a digital asset platform that promised quick returns but vanished with over ₦1.3 trillion of investors’ money. Despite repeated warnings, many still fall for Ponzi schemes driven by desperation and flashy social media promotions. In this episode of Nigeria Daily, we hear from a victim and experts who explain how to identify scams and invest safely.

Thousands of Nigerians have been scammed by a digital asset platform that promised quick returns but vanished with over ₦1.3 trillion of investors’ money. Despite repeated warnings, many still fall for Ponzi schemes driven by desperation and flashy social media promotions. In this episode of Nigeria Daily, we hear from a victim and experts who explain how to identify scams and invest safely.

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Why Nigerians Keep Falling Into Get-Rich-Quick Traps

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This episode was published on April 16, 2025.

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Thousands of Nigerians have been scammed by a digital asset platform that promised quick returns but vanished with over ₦1.3 trillion of investors’ money. Despite repeated warnings, many still fall for Ponzi schemes driven by desperation and flashy...

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