Again, Nigerians lose savings to Ponzi scheme

The Punch | 12-09-2026 10:39am |

Nigerians who invested millions in an online platform called PXES are counting their losses after the Ponzi scheme stopped paying returns in September. The scheme is the latest in a series of Ponzi schemes that have defrauded Nigerians of their savings.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.