Meet Nigeria’s Top Ponzi CEOs Under Investigation
Beyond the risk and warnings by regulators, Nigerians are always falling for Ponzi schemes promising outrageous returns.
The Securities and Exchange Commission recently revealed that over N281bn have been lost by Nigerians to Ponzi and fraudulent investment schemes, THE WHISTLER reported.
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One of the high profile cases is the case of Themap.ng run by Anyaso Mma.
Mma, the Chief Executive Director of the company is facing fraud charges with the Nigerian anti graft agency, the Economic and Financial Crimes Commission.
The scheme described by victims as ‘another MMM’ allegedly defrauded people of the sum of N7.5bn.
The platform promised a 20 per cent Return on Investment to its investors monthly.
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Mma’s business which specialized in logistics, virtual reality and real estate failed to repay their Return on Investments and capital.
SEC on the 7th of October warned Mma’s firm to desist from defrauding investors.
Despite the warning, Mma designed a new promo for an investment product named CRMI.
He later tried to move N800m into a Zenith Bank account while he was still under investigation which triggered the EFCC to clampdown on him.
Brisk Capital Ltd which defrauded Nigerians over N2bn according to the Police Special Fraud Unit is the most recent fraud causing reactions on the internet.
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The founder, Dominic Joshua Ngene, allegedly stole N2bn from investors.
Ngene, 21 year old, promised investors 60 per cent ROI in real estate, forex, oil and gas among others.
“The funds which belong to over 500 investors were diverted to sponsor extravagant lifestyles, parties, exotic cars, luxury watches and real estates in Abuja, Lagos and Port Harcourt,” said CP Anderson Bankole in charge of the PSFU, Ikoyi, Lagos.
“60 per cent ROI? Isn’t that what Tech startups are promising and more,” a popular influencer, @docneto, tweeted.
Nigeria is facing unemployment crisis. The rate according to the National Bureau of Statistics is 33.3 per cent.
According to the government report, over 23 million Nigerians are unemployed, while prices of goods and services increased by 18.12 per cent as of April.
