2025-04-29

Advisory on Ponzi schemes in Nigeria

The Nigerian Financial Intelligence Unit (NFIU) has issued an advisory update on Ponzi schemes and unregulated crowdfunding schemes, highlighting emerging trends and potential risks for Nigerians. This advisory stresses the increase of Ponzi schemes masked under various investment schemes which promise high returns within short time frames, and are particularly appealing to those facing financial hardships. It calls for regulatory authorities, financial institutions, and the public to enhance surveillance, compliance, and awareness to mitigate the impact of these fraudulent activities, which often involve digital assets and sector-based investments, particularly in agriculture and real estate.

Nigeria

Nigerian Financial Intelligence Unit

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