Nigeria, April 16 -- Since 2016, many Nigerians have continued to lose their money to Ponzi schemes that promise fast and easy profits.

These schemes, often promoted on social media and through word of mouth, have used different names and styles, but the end result is usually the same-loss and regret.

The journey began with MMM Nigeria in 2016.

It became widely known for offering up to 30% returns within 30 days.

It quickly attracted millions across the country.

However, by December 2016, the platform collapsed and many people lost their savings.

After MMM fell, new schemes appeared, including Ultimate Cycler, Get Help Worldwide, Twinkas, iCharity Club, Loopers Club, and Givers Forum.

These platforms copied the model of recruiting ...