EFCC Warns Public About 58 Illegal Ponzi Scheme Operators (See List)

The Economic and Financial Crimes Commission (EFCC) has issued a public alert regarding the activities of 58 companies allegedly operating illegal Ponzi schemes across Nigeria. In a statement on Tuesday, on its verified Facebook account, the anti-graft agency warned that these companies pose as investment entities but are defrauding unsuspecting Nigerians of their hard-earned money….

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NELFUND: Education Minister Reacts To Alleged Deduction Of Student Loans By Universities 

The Ministry of Education has announced that it is investigating allegations of unauthorised deductions from students’ loans and NELFund accounts by universities. The ministry’s Director of Press and Public Relations, in a statement, said that an urgent meeting has been scheduled for 6 May 2025 with the vice chancellors of the affected universities and the…

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