The Federal High Court in Abuja has ordered the arrest and remand of six promoters of the now-collapsed and fraudulent ...

Thousands of Nigerian investors became victims of CBEX, losing over N30bn as the Ponzi scheme froze withdrawals in April.

The Federal High Court in Abuja has ordered the arrest and remand of six promoters of the now-collapsed and fraudulent ...

Long seen as the birthplace of modern cyber scams, Nigeria has churned out a new breed of young, rich and wildly viral ...

Crypto podcaster Scott Melker reported that scammers had faked his identity using AI to create fake Zoom calls to dupe ...

QNET, a global direct selling company specialising in wellness and lifestyle products, has issued a strong warning to the ...

The Federal Bureau of Investigation (FBI) has arrested a Nigerian man, Ebuka Iwuagwu, who lives in Atlanta, for allegedly ...

In the fast-paced world of financial promises and digital investments, the name CBEX recently joined the notorious Ponzi ...

On Page 28 of his very provocative book, The Present Darkness: A history of Nigerian Organized Crime (2016), Stephen Ellis, ...

From Funmilayo Adewumi Ajayi She knew it was likely a scam, but she still put her money in it. It started with ₦20,000. She got ₦30,000 back in just five days.“Na legit,” she said. “I even saw ...

FIJ investigation uncovers the faces of individuals behind CBEX, a fraudulent investment scheme that scammed Nigerians out of ...