What's the allure of Ponzi Schemes? Trending Businesses Youths Can Start With 50,000-100,000 Naira.

I still can’t wrap my head around the reports that yet again ordinary Nigerians have fallen victim to Ponzi schemes. Now, trillions, billions of Naira are being bandied around this time around.

First off, I don’t pity anyone caught in this quagmire because it has happened before and everyone by now should be cautious about get rich schemes from a mile off.
Or am I missing something?

For almost two years, ordinary Nigerians have carped about the hardship in the land. They have been involved in countless hunger protests over prevailing transport and food prices. They have thrown up quirky sobriquets like: Ebimpawa, Agbado, Tpain, Babablu, Tinubu Economy to depict growing poverty across the country.

Therefore, I’m horrified that these same ordinary folks have gambled away the money they claimed not to have on dodgy scams. Who would invest hard earned money into dodgy investments fronted by equally compromised influencers. Who should jealously guard their small change than these people?

When something seems too good to be true, it’s certainly not true. And your natural intuition should warn you to walk away fast.

But not the flippant, rowdy bunch of yobs that just love to ‘hammer’ big at every turn. Those that want to cash out big time without tangible workload.

For how can anyone believe, invest and hope to reap 30% ROI in 30 days! It could only be careless, greedy folks hibernating in Lala or cuckoo lands.

Or those who sleep on social media to troll respectable people for fun. Or those social media warriors and trojans with amusing hashtags!

Some Nigerians just love to catch fun with important policy issues. They prefer not to carry out due diligence with important financial services, and then turn around to blame government.

These sets of people complain from Monday to Friday that there’s no money on social media yet throng viewing centres, beer parlours, pepper soup joints, betting shops and corner side bistros to catch fun on Saturday.

The breweries recently declared billions in financial returns. The hospitality industry also released robust earnings. Nigerians seem to be balling and living it up, but they present a different story on social media.
Believe them at your own peril.