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Ponzi Schemes

NDIC warns against trading in bitcoins, cryptocurrencies

The Nigeria Deposit Insurance Corporation (NDIC) has cautioned Nigerians to beware of trading in bitcoins and crypto-currencies, warning that they are neither issued by the Central Bank of Nigeria (CBN) nor insured by NDIC.

World Bank compares cryptocurrencies to Ponzi schemes

The World Bank warned and compared cryptocurrencies to “Ponzi schemes”.

British banks ban buying of bitcoin with credit cards

Britain’s biggest lender, Lloyds Banking Group Plc, has disclosed that it would ban its credit card customers from buying crypto currencies.

Senate to clampdown on Bitcoin, ponzi scheme operators

The Senate of the Federal Republic of Nigeria has expressed great concern over the widespread usage of Bitcoin, a form of Cryptocurrency and other ponzi schemes across the country.

Bitcoins, others like Ponzi scheme – India’s finance ministry

India’s finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like “Ponzi schemes.”

I’ve given out 2 Hummer Jeeps, 35 other cars in 3 years – Pastor...

Popular Nigeria-born pastor and televangelist, Pastor Matthew Ashimolowo, has disclosed that he has dolled out at least 37 cars in the last three and a half years in his personal capacity.

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Mayor in Russia’s fourth-largest city abruptly resigns

The mayor of Russia’s fourth-largest city has stepped down to protest a government-promoted law which scrapped mayoral elections.

Speaker Dogara’s wife distributes farming implements to youths, women in Bauchi

Wife of Speaker of the House of Representatives, Mrs. Gimbiya Yakubu Dogara, has distributed farming implements worth millions of Naira to over 7,000 youths and women in Tafawa Balewa, Bogoro and Dass Local Government Areas in Bauchi State.

EFCC set to arraign Shagari, other Sokoto PDP chieftains

The Economic and Finance Crimes Commission (EFCC) is set to arraign a former Minister of Water Resources and immediate past deputy Governor of Sokoto State, Alhaji Murkhtar Shagari, before a Federal High Court sitting in Sokoto on Tuesday.

Donald Trump attacks ex-CIA chief over Russia probe

President Donald Trump attacked the probe into possible collusion between his campaign and Russia as a “political hit job” on Monday, as a part of a mounting White House effort to paint the probe as politically motivated.

Foreign media head to North Korea for nuclear site destruction

Foreign journalists headed to North Korea on Tuesday to watch the promised destruction of its nuclear test site, a move seen as a goodwill gesture before a planned summit with the United States.