2 min read

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Apr 18, 2025

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The world is not stagnant; it flows and changes. Everything is dynamic. Habits and events are reshaped and refined for different purposes. But one thing remains constant — the desperate quest for money. This desperation has plunged the world into chaos and devastation.

The world is advancing. Civilization is spreading. Technology is evolving. With the rise of Artificial Intelligence, the world seems to be getting better. You’d think that with all this progress, people would be able to clearly tell the difference between what’s legit and what’s a scam.

But no — only a small percentage can.

In 2016, a global Ponzi scheme called MMM (Mavrodi Mondial Moneybox) emerged. Nigerians even gave it a local name: Sogun Dogoji. It promised to double people’s money. It came as a so-called panacea to poverty — a shortcut to riches, right alongside fraud and ritual.

“Bring your money to us and we’ll double it. We’re not scammers, we’re here to help you,” they said.

And people believed them.

The first and second wave of investors received their returns. Word spread. Trust grew. People poured in money — their savings, loans, and even rent. Then, just like smoke in the wind, MMM vanished. It collapsed, taking billions of naira with it.

In 2018, WonderBank appeared, promising daily returns of 50%. It collapsed.

In 2019, Givers Forum came. Another crash.

In 2020, Dantata Success and Partners followed. Same story.

And in 2025, the scammers evolved again — this time as CBEX. Same promises. Different name. Updated strategy. But the same motive — to rob people of their hard-earned money. And again, they succeeded, duping billions of naira from hopeful Nigerians.

It’s the same method, recycled over and over, yet people still fall for it.

Scammers are evolving, but people aren’t.

They keep coming — slicker, smarter, better disguised — and yet, we still can't read between the lines. They will come again in the future. That’s inevitable.

The real question is:

Will we finally be able to spot them when they do?