Would You Rather Invest in a Ponzi Scheme?

(MMM IN FOCUS)
By Kuranga Abdulazeez
According to Investopedia,a PONZI scheme is an investment fraud where clients are promised a large profit at little to no risk. Companies that engage in this scheme focus all their energy into attracting new clients to make investments. This new income is used to pay original investors their returns, marked as a profit from a legitimate transaction.
Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart.
The salient features of a Ponzi scheme are listed below:

WHY THE PRICE OF PREMIUM MOTOR SPIRIT ( PETROL) WILL NOT REDUCE EVEN IN THE LONG RUN

By Kuranga Abdulazeez

According to previous research on crude oil extraction in Nigeria, 40% of the extracted crude is locally refined as up to 60% is exported to be imported back in its refined form. The marketers are the major players in the importation activities. Imported fuel comes at a very high cost which causes marketers to shift part of the burden to the consumers in form of high prices. Being a valuable product and a 'necessity', government cannot leave consumers to bear the full burden of the high price directly. Therefore,