The National Insurance Commission (NAICOM) on Thursday dissociated itself from a Ponzi scheme currently trending in the social media but mischievously ascribed to it.
The commission’s spokesman, Abdulrasaq Abdulsalami, while refuting the ascription to the scheme tagged ‘National Insurance Commission Newly Launched: Merging Automated’ stated that it was a fraud.
He stated: “NAICOM’s attention has been drawn to the scheme and it has hereby disclaimed this group that is trending on social media. Members of the public are advised to ignore it; it is a fraud,’’ he said.
Abdulsalami stated further that the Ponzi scheme was intended to deceive unsuspecting “members of the public, as it promises to double their donations in less than 25 minutes.’’
He urged investors and others to avoid partaking in the scheme since it is a contrivance, aimed at hoodwinking Nigerians to take the risk and get “instant payment”, which they will never get.
