Category: Scams
Top stories, articles and opinions on startups in Lagos, Nigeria and Africa
Lagos court orders Invictus Obi’s N280m forfeited
The Federal High Court in Lagos on Monday ordered the forfeiture of N280,555,010.65 “warehoused” in…
FBI clamps down on 80 Nigerian Internet fraudsters
The U.S. Federal Bureau of Investigations, FBI has busted another set of 80 Nigerians who…
Getting into the mind of alleged Internet fraudster, Obinwanne Okeke
Yesterday, we reported about the arrest of Mr. Obinwanne Okeke, an alleged Internet fraudster by…
Before you fall prey to a predatory academic award, read this
In recent recent times, predatory academic awards have targeted many developing countries. As a result…
Konstantin Ignatova pleads not guilty to $1.2 billion OneCoin fraud
There are new developments on the trial of Konstantin Ignatova, the acclaimed CEO of OneCoin…
SEC issues scam alert on Loom Ponzi scheme
The Nigerian Securities and Exchange Commission, SEC, has issued formal warning on Loom Money Nigeria,…
On the road to jail? Derek Loom’s Loom Ponzi scheme gains massive popularity in Nigeria
For many Nigerians who are into Loom Ponzi scheme, they rarely know the man/woman behind…
Nigeria nabs Swissgolden Ponzi scheme promoters, recovers N216 million
It might be an end of the road for three Swissgolden promoters as Nigeria’s anti-graft…
U.S Sec raises fraud alert on Ponzi schemes targeting seniors
The SEC’s Office of Investor Education and Advocacy (OIEA) and Retail Strategy Task Force are…
German financial regulator alerts investors on Goldex Resources shares
BaFin, Germany top financial regulator said it is raising an alert over buy recommendations on…