The Rise of Ponzi Schemes in Nigeria and The EFCC Crackdown on Illegal 58 Operators Daniel Okonkwo Profiles International Human Rights Advocate In recent years, Ponzi schemes have become a growing menace in Nigeria, exploiting the financial desperation of many individuals searching for high-yield investments. With the economic challenges facing the country, many Nigerians are eager to find quick and easy ways to grow their money. Unfortunately, this desperation has made them vulnerable to fraudulent investment schemes that promise unrealistically high returns with little or no risk. A Ponzi scheme is a type of financial fraud where returns are paid to earlier investors using funds from new investors rather than from legitimate business profits. These schemes, often disguised as investment opportunities, eventually collapse when new investments dry up, leaving many participants with significant financial losses. As technology evolves, so do Ponzi schemes. Cryptocurrency-based...
Daniel Okonkwo: A Profile in Excellence and Advocacy Founder and CEO of Profile International Human Rights Advocate and Daniels Entertainment Daniel Okonkwo stands at the intersection of media, human rights, and digital innovation. As the founder of Profile International Human Rights Advocate and the CEO of Daniels Entertainment, Daniel has dedicated his career to crafting impactful narratives and championing the cause of human rights through compelling content and strategic media initiatives.