Tag: scams

Crypto scams caused Americans $6bn loss in 2024 ―United States FBI

Bode DoluLeave a Comment on Crypto scams caused Americans $6bn loss in 2024 ―United States FBI

United States Federal Bureau of Investigation (FBI) has revealed that investment scams involving cryptocurrency led to a huge loss of $5.8 billion in 2024. Report by the FBI’s Internet Crime Complaint Center (ICCC), says total losses from internet crimes in 2024 reached $16.6 billion. This shows a sharp rise of 33% from the previous year. […]

Continue Reading

Unravelling the Scams that Plunged Nigeria Into Debt Trap, By Magnus Onyibe

Bode DoluLeave a Comment on Unravelling the Scams that Plunged Nigeria Into Debt Trap, By Magnus Onyibe

The reality today is that Nigeria’s total debt, comprising both local and external stocks, is, according to Nigeria’s Debt Management Office (DMO), a whopping N107 trillion, which is humongous. The culprits for the ballooning of the debt are hugely the policy of subsidizing petrol pump prices and propping up the naira, origins of which date […]

Continue Reading