Why do Nigerians, especially young adults, keep falling for Ponzi schemes?
In this gripping episode of the Breath of Hope Podcast, we uncover the deep-rooted reasons behind Nigeria’s obsession with quick money. From the rise and fall of MMM to the massive collapse of CBEX, we break down the psychological traps, societal pressures, and influencer hype that keep drawing people in.
We’ll explore:
Why Ponzi schemes keep returning in different forms
The shocking statistics behind how much Nigerians have lost
How scammers manipulate trust, desperation, and greed
Practical tips to protect yourself
Legitimate alternatives for financial growth
If you've ever been tempted by "investment" offers that sound too good to be true — this episode is for you.