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The shades and versions and acts of 419s are endless. These people are close to you. They are the beggars who pretend to be blind or ill.

When the drafters of the Nigerian Criminal Code Act formulated Section 419 of the Act, I am sure that they never intended that the number of the section

Spread the loveBy Marcel Okeke In the latest of efforts at strengthening the functioning of Nigeria’s capital market and protect investors, the National Assembly on 29 March…

While 86FB has taken its share of the largesse, the major question on the lips of some observers is: do Nigerians ever learn? Despite the failures of some Ponzi schemes that carted away billions of naira and destroyed livelihoods, it appears Nigeria remains a fertile ground where a lot of people are desperate to make a fortune from a peanut,

Monday, February 22, 2021 Ponzis and bitcoin as a response to a bad economy: the case of Nigeria Usually when I think about gambling and speculative excess, I've always associated it with giddy prosperity. When an economy is doing well, productivity is improving, new technology is being introduced, and unemployment is low, people have extra income that they can throw away at the casino. Or they put it into their brokerage account and, with the help of margin, generate speculative bubbles. But lately I've been rethinking this view. Speculative bubbles and over-gambling are just as likely to be...