Hello Venturer,N300 billion!That's how much Nigerians have lost to investment scams in the last five years. And this only accounts for the cases that got media attention. I don't know about you, but it makes me wonder what the actual figure is. And more importantly, makes me question why people keep falling for these investment scams? Is it greed, desperation, vulnerability, or sheer stupidity? The answer is staring us in the face. Unemployment is at an all-time high, and inflation has eroded the value of the Naira as commodity prices soar. How do Nigerians cope? "But, some people are just greedy", you say. True. However, greed and desperation are two sides of a coin in this case. Both can make a person vulnerable and stupid. And as our writer, Oluwatosin Ogunjuyigbe, points out in his analysis of this issue, there are other important factors at play. Find out why Nigerians keep falling for investment scams in this issue of VA Weekly.Hadassah EgbediEditor, Ventures Africa
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Scam alert!⚠️ Stay sharp.👀
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Hello Venturer,N300 billion!That's how much Nigerians have lost to investment scams in the last five years. And this only accounts for the cases that got media attention. I don't know about you, but it makes me wonder what the actual figure is. And more importantly, makes me question why people keep falling for these investment scams? Is it greed, desperation, vulnerability, or sheer stupidity? The answer is staring us in the face. Unemployment is at an all-time high, and inflation has eroded the value of the Naira as commodity prices soar. How do Nigerians cope? "But, some people are just greedy", you say. True. However, greed and desperation are two sides of a coin in this case. Both can make a person vulnerable and stupid. And as our writer, Oluwatosin Ogunjuyigbe, points out in his analysis of this issue, there are other important factors at play. Find out why Nigerians keep falling for investment scams in this issue of VA Weekly.Hadassah EgbediEditor, Ventures Africa