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Published 27 May 2021
The most prevalent and common trap that many investors fall into is the various investment schemes that are circulated and advertised. Official records suggest that nearly 30 million people are subject to investment scams every year worldwide, there may be a lot of cases that are underreported due to widespread corruption.
Recently, the Economic and Financial Crimes Commission in Nigeria has been put on high alert surrounding the various investment schemes floating around in the country. This alert is in light of the filed complaints and petitions by a large number of investors from the Nigerian community. The age-old strategy of low risk-high ratio has attracted quite a few investors who have fallen prey to these scams.