By Azubuike Ihemeje
I don’t know how to put it mildly lest I’ll be misunderstood for being insensitive or gloating in other people’s misery and discomfort. But please, kindly permit me to descend to a mixture of more colloquial. I talk am, yes I talk am well well. I cried and shouted against this Ponzi mentality ravaging our country. Yet, no one gree hear me. They accused me of talking from the point of privilege. That I don’t know what people are passing through in this country.
I totally concede that things are terribly, horribly and agonizingly difficult in this country, particularly now. But, wait ooh. If thieves have already ravaged your home and looted your properties, what’s your best option in such worse circumstance? Would you resort to lighting up the entire house in flame or you’ll try to pick up your pieces and seek for workable, sustainable solutions?
I’m sure you’ll certainly opt for the latter. You wouldn’t want to seek out for any injurious means that could worsen or make it irretrievably worst for you and your beloved ones. So, also it is with anyone facing financial difficulties. You must be strategic. You must work lawfully too, most importantly. For everything done in contravention of any instant law of the land, usually often end in tears, most times premium tears. Stick to the law always, even in your quest for money or to alleviate your economic situation. You shouldn’t have to end up like that proverbial man who went to the bush to poo only to end up packing other heavy poopoos.
Ponzi is unlawful and criminal. How does Ponzi really operate? A Ponzi scheme is a form of fraud that lures investors in with promises of high, consistent profits and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from product sales, trading or other means, and they remain unaware that other investors are the source of funds. But in reality, everything is mere mirage and scams.
Put more succinctly; Everyone; both promoters and subscribers are criminally responsible for violating financial laws of Nigeria. This case is very simple; Before you promote any financial schemes in Nigeria, kindly register and obtain approvals from the Security and Exchange Commission, aka SEC, and Central Bank of Nigeria also called CBN.
As for those desirous to invest in any financial schemes, be kind to yourselves, by doing your due diligence on the promoters of such schemes to ascertain whether they’ve already complied with the laws stated above.
It’s that simple. It’s not deep at all. You don’t even need to be a lawyer to write a simple letter to SEC and CBN for verification before you invest. And they’ll definitely reply to your requisitions. It’s your right. Don’t come to my inbox to ask; e get this one eerh, they say they’re paying well well. That’s how we ended up with another failed Ponzi today in Abuja -MBA Forex. The katata na major. See adults enmeshed in clearly avoided folly. Nigeria is truly populated with huge undefeatable spirits of Ponzi mentality.
You can’t beat them. You can’t even conquer that spirit. Let us pray for common sense, that has refused to be common in this part.
