Nigeria, April 15 -- Ponzi schemes have become dangerously attractive in a country like Nigeria, where many are constantly seeking financial breakthroughs.

These schemes promise quick returns, little to no risk, and often come wrapped in fancy names and digital platforms. But behind the hype is a trap that has destroyed savings, homes, and hope.

What is a Ponzi Scheme?

A Ponzi scheme is a fraudulent investment scheme in which returns to earlier investors are paid using the money from newer investors-not from any actual profit earned. There's no real business, no product, just a game of musical chairs in which someone is left standing when the music stops.

It's named after Charles Ponzi, who scammed thousands of people in the 1920s usi...