Why Do Ponzi Schemes Keep Trapping Nigerians?

Every few years, a new scheme promises unusually high returns. People invest their savings, invite friends and family, and hope for a financial breakthrough. When the scheme collapses, many are left with heavy losses. Ponzi schemes are not new, but they keep returning under different names and with new marketing tactics. Financial pressure, unemployment, distrust of traditional investments and the hope of escaping poverty may all play a role. Why do you think these schemes still attract Nigerians despite past warnings and repeated failures?

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