Sometime this week, I woke up to a message from one of my social media contact in South America drawing my attention to a recent fraud case in Nigeria that involved a couple’s disappearance with depositor’s/investors huge sums of money and querying why the incidence of fraud was so rampant in Africa and how genuine investors were concerned abroad. While his disposition is common, especially outside Africa, the thought of it gave me enough time to think of how the Nigerian government can adopt a strategy that does not only dissuade perpetrators but also be of benefit, especially at a time of revenue paucity. 
 
My response to his enquiry was spontaneous and it came out effusively and effortless. “Good to hear from you, my friend. I don’t think there is a need to worry. As bad as it may seem, there is no rationale for people to patronize scammers if they are not greedy. I cannot wrap it around my head that people abandon licensed financial houses to patronize scammers for want of crazy returns. I believe they have analyzed their risk and are ready for the outcome. To also add, this is not just an African thing, Charles Ponzi an Italian, made it popular and of recent the Mavrodis of MMM from Russia. They have cleaned out a lot! These are Europeans holding the world record for fraud. I don’t think it is an African thing but a human trait that exhibits greed” and he agreed with me.

 
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