I will blame the hardship and economic state of our country, that's one of reasons why everyone is looking for a quick and a shorter way of making money and at the process become a victims of fraud. The truth is that it will be very difficult for ponzi scheme to be limited completely in our country
Ponzi schemes can be limited if the people stop to patronizing them.
The hardship has nothing to do with the fraudulent activities in the country. It is not only them that facing the hardship. We all are facing it.
Contrary to what you think, I believe the hardship has everything to do with it. As e be now, several of these ponzi schemes don chop our people clean mouth. Na very few people way go say them no sabi watin ponzi be cef.in fact, majority of the people way ponzi schemes still dey scam na previous victims. People way be say, them get grievance against the way the system dey operate and wan collect therr money back and those way get the idea say, them go just enter early and run before e cast. Most times, e dey clear them for 3ye as them go still carry them money run.
Na hardship and greed dey push person make these decisions.