Why do Nigerians keep falling for Ponzi schemes

Nigeria has a long and painful history with Ponzi schemes. Recently, CBEX, a digital asset trading platform, collapsed, leaving Nigerians in limbo, with many unable to access their funds. But this is not the first time Nigerians have fallen victim to such scams. According to the Nigeria Deposit Insurance Corporation (NDIC), Nigerians have lost ₦911.45 billion to Ponzi schemes over the past 23 years. Why do Nigerians keep falling for Ponzi schemes — and how have these schemes managed to survive? DW’s Mimi Mefo speaks to Ikemesit Effiong, an economist, and DW correspondent, Abiodun Jamiu.

Видео Why do Nigerians keep falling for Ponzi schemes канала DW Africa