Russia

By Abdurrazak Muktar Makarfi 

Regret is a universal human emotion, a lingering shadow often following negligence or poor decision-making. It can be personal, like not putting in enough effort to achieve a desired goal, or it can be monumental, affecting entire nations or history. From personal experiences to the grand scale of global events, regret reminds us of the consequences of our actions—or inactions.

I, too, am a living witness to this. I aimed for a higher degree classification during my undergraduate studies, hoping to graduate with a Second Class Upper or even a First Class. However, due to a lack of focus and dedication, I had a second-class lower. I realise now that my negligence led to this outcome, which reminds us that what we fail to do today can haunt us tomorrow. In this case, regret is the product of what I did not do rather than what I did.

However, personal regrets are not unique to every person. Even the most powerful, successful, and celebrated figures in history have experienced regret for their actions or oversights. These moments of reflection often come too late, after the damage has been done, and serve as cautionary tales for the rest of us.

Napoleon Bonaparte and the Russian Campaign

One of history’s most infamous military campaigns is Napoleon Bonaparte’s invasion of Russia in 1812. His quest for dominance over Europe led him to undertake an ill-fated military venture that ended in disaster. Over 400,000 of his troops perished due to a combination of Russian scorched-earth tactics and the brutal winter. While Napoleon was not one to publicly admit fault, accounts suggest he acknowledged the enormity of his mistake. His ambition, unchecked by the realities of war, led to the unravelling of his empire and his eventual exile. In this case, the regret came too late to save his soldiers or his reign.

Robert McNamara and the Vietnam War

In modern history, Robert McNamara’s role in the Vietnam War stands as a significant example of deep, public regret. As U.S. Secretary of Defense, McNamara was a key architect of the war, which led to the loss of tens of thousands of American lives and countless Vietnamese. Years later, in his memoir *In Retrospect* and in interviews, McNamara admitted that the war was a mistake, reflecting on the misguided policies and assumptions that drove U.S. involvement. His regret was genuine, a stark acknowledgement that decisions made without fully considering their consequences can lead to tragedy on an unimaginable scale.

Oskar Schindler: The Regret of Not Doing More

Oskar Schindler is remembered as a hero for saving more than 1,200 Jews during the Holocaust. However, Schindler sincerely regrets not saving more lives despite his extraordinary efforts. He famously broke down in tears after the war, lamenting that he could have sold more of his possessions to rescue more people from the horrors of the Nazi regime. His regret was both real and deeply personal, showing that even those who do good can be haunted by the thought that they could have done more.

Thomas Jefferson and the Paradox of Slavery

Thomas Jefferson, one of the Founding Fathers of the United States, is a figure whose legacy is intertwined with regret and contradiction. Although he wrote eloquently about the moral wrongs of slavery, he continued to own slaves throughout his life. In his later years, Jefferson expressed regret for the institution of slavery, calling it a “moral depravity” and a “hideous blot” on the American experiment. Yet, he never entirely acted on his convictions, and his words often rang hollow in light of his continued participation in the system he condemned. His regret was intellectual but lacked the moral courage to manifest in his actions.

J. Robert Oppenheimer and the Atomic Bomb

Few regrets in history are as profound as J. Robert Oppenheimer’s remorse over the creation of the atomic bomb. As the lead scientist of the Manhattan Project, Oppenheimer’s work led to the development of the most destructive weapon ever used in warfare. After witnessing the devastation of Hiroshima and Nagasaki, Oppenheimer famously quoted the Bhagavad Gita: “Now I become Death, the destroyer of worlds.” His regret was not just for the immediate destruction caused by the bomb but also for the moral implications of unleashing such power on humanity. He spent much of his later life advocating against further development of nuclear weapons, but the legacy of his creation haunted him until his death.

The Lessons of Regret

What can we learn from these stories? Whether in personal or historical contexts, regret often arises when we fail to align with our values or ignore the consequences of our decisions. Napoleon’s ambition, McNamara’s overconfidence, Schindler’s sense of responsibility, Jefferson’s moral paradox, and Oppenheimer’s scientific pursuit—all illustrate the different forms that regret can take.

In my own case, I can see that my negligence in my studies was not just a matter of missed marks but of missed opportunities to reach my full potential. The grades I received reflected not just academic performance but also personal responsibility. Regret teaches us to confront the results of our choices and, perhaps more importantly, to make better decisions going forward.

In the end, regret is not just about what we did but about what we failed to do when it mattered most. While it’s a heavy burden to carry, it also offers a powerful lesson: that attention, dedication, and foresight can often prevent us from looking back in sorrow.

Abdurrazak Muktar Makarfi wrote via prof4true1@gmail.com.

By Rabi Ummi Umar

The protest in Nigeria has taken a tragic turn with the display of foreign flags by some Northern youths as a demonstration against the government. This action undermines Nigeria’s sovereignty and raises concerns about the changing dynamics in the world.

As the Punch editorial pointed out, the flag-waving campaign shows that Nigeria should be wary of foreign interference, as witnessed in the crises in some West African countries that led to undemocratic military takeovers. There are speculations that some protesters were sponsored to raise the Russian flag as a deliberate attempt to provoke the military into intervention.

While Nigerians can express their grievances over economic hardship, they should do so through legitimate and peaceful means. Resorting to violent demonstrations that result in loss of life and destruction of livelihoods is counterproductive.

It is concerning that underage protesters and youths were the ones mostly flaunting the Russian flags, forcing security agents to clamp down on them. The government should be compassionate in dealing with these minors, as they may be ignorant of the implications of their actions. Rather than facing harsh punishments, they should be sent to remand centres for civil education and skills training.

The media have reported the loss of lives and an estimated daily loss of N400 billion due to the protests. This raises the question of whether the demonstrations were truly worth the cost.

The government should be open to dialogue and engagement with citizens to address their challenges. The security services, too, should be vigilant and professional in handling protesters, especially the young ones.

The Nigeria Immigration Service has a crucial role to play in checking the influx of foreigners with ulterior motives, as there have been allegations of illegal immigrants participating in the protests.

Religious and community leaders should admonish their followers on the consequences of unbecoming behaviours and appeal to the government to address the citizens’ concerns.

Despite the hardship, Nigerians must remain patriotic and respect their country’s sovereignty. Raising flags of other countries and seeking their intervention in domestic affairs is a treasonable offence.

The government should realize that the majority of the citizens are against the protest, not because they are not feeling the pinch of hardship, but because they believe the issue can be resolved through other peaceful means. The government should, therefore, take appropriate actions to address the citizens’ concerns.

Nigeria will overcome this challenge, but change begins with us.

Rabi Ummi Umar wrote from the Department of Mass Communication, Al-Hikmah University, Ilorin. She can be reached via rabiumar058@gmail.com.

By Uzair Adam

There is growing concern over the recent actions of protesters in Nigeria, particularly in the north, where aggrieved youths were seen waving the Russian flag during demonstrations against hunger and starvation in the country.

The Daily Reality reports that the “EndBadGovernance” protest began on August 1st and saw a large turnout. Many youths and women took to the streets to voice their worries amid worsening economic hardship.

However, the protests took an unexpected turn when demonstrators were seen waving the Russian flag and chanting slogans, asking for Russia to come to their rescue as the biting economic hardship exacerbated with each passing day.

Political Analysts React

Political analysts suggest that waving the Russian flag may stem from ignorance of global politics, describing the situation as an incredible display of “unpatriotism” by the aggrieved youths and women.

Russia as the Last Hope

The protesters argued that they knew exactly what they were doing and viewed their actions as a passionate plea to the Russian government to rescue the Nigerian masses from their devastating challenges. 

The youths, who perceive Russia as a “freedom fighter” for African countries, said they would never seek help from England, despite its historical ties to Nigeria, as they believe England harbours bad intentions against the country.

A group of youths told our reporter that they are pleading for Russian intervention since England remains silent on Nigeria’s problems. “America, too, will not speak because it is in the same boat as England,” they argued.

Ibrahim Muhammad (not his real name) said they were waving the flag to frustrate the federal government and clarify that they no longer cared for a country that had ignored their concerns. 

“I am waving this flag to make President Bola Ahmad Tinubu sad. These people don’t care about our problems and do whatever it takes to make us angry,” he stated.

Another protester, Isma’il Usman, said Russia is the only country they should now turn to for help, “especially looking at its recent interventions in some African countries.”

When Ignorance and Unpatriotism Shake Hands

According to analysts who spoke to The Daily Reality, the waving of the Russian flag by the youths is a demonstration of both ignorance and unpatriotism.

Professor Kamilu Sani Fagge, a lecturer in the Department of Political Science at Bayero University Kano, noted that while youths lack an understanding of global politics, certain individuals may have lured them into doing so. 

“There could be some people behind this movement, and people were pushed to the wall in this country, which could also be why they accepted to wave the flag during the protest,” he stated.

“However, the government is to blame for all this because it should have taken action to stop the protest by addressing these problems, but it refused. Now that President Bola Ahmed Tinubu has addressed the nation, there is still no hope,” Professor Fagge added.

An Invitation to Neo-Colonialism

Another analyst, Malam Sulaiman Muhammad, a lecturer at Aminu Kano College of Islamic and Legal Studies, argued that government negligence has deteriorated the situation, leading to more unpatriotic youth in the country. 

He warned that by pleading for Russian intervention, the youths are ignorantly inviting a new form of colonialism.

“I think the youths are not seeking intervention from England and France because England colonised Nigeria and the latter colonised Nigeria’s sister country, Niger. However, they forget that pleading for Russian soldiers’ presence in Nigeria is another form of colonialism,” he stated.

Disappointment as Russia Distances Itself

In a statement on Monday, the Russian Embassy in Nigeria issued a strong denial of any involvement with the group of protesters who were seen carrying the Russian flag and chanting slogans in support of President Vladimir Putin. 

The embassy stressed that Russia respects Nigeria’s sovereignty and does not interfere in its internal affairs, a statement that may not please the Russian flag-waving protesters. 

The statement described the protesters’ actions as personal choices that do not reflect any official Russian government policy.

However, one of these aggrieved youths said they would only stop pleading with the Russians once their voices were heard by the Russian President, Vladimir Putin.

Arrest of Tailor Sewing Russian Flags

However, the tailor who sewed the Russian flags for the protesters was reportedly arrested by security personnel on Monday. 

A picture seen by The Daily Reality showed the youth, whose name was not identified, being arrested with some of the flags he had sewn and his sewing machine.

Defense Chief Condemns Protesters’ Actions

Nigeria’s Chief of Defense, General Chris Musa, condemned the protesters’ actions as treasonable and warned they would face the full force of the law.

By Sabiu Abdullahi

The Russian Embassy in Nigeria has issued a strong denial of any involvement with a group of protesters in northern Nigeria who were seen carrying Russian flags and chanting slogans in support of President Vladimir Putin. 

In a statement released on Monday, the embassy noted that Russia respects Nigeria’s sovereignty and does not interfere in its internal affairs.

The statement described the protesters’ actions as “personal choices” that do not reflect any official Russian government policy or position. 

The embassy’s denial comes amid concerns about external interference in regional affairs, with Russia accused of involvement in recent political upheavals in several West African countries. 

Nigeria’s Chief of Defence, General Chris Musa, has condemned the protesters’ actions as treasonable and warned that they will face the full force of the law. 

The incident has sparked a diplomatic row, with Nigeria’s government facing pressure to explain how the protesters obtained Russian flags and what their motivations were.

By Muhammad Abdurrahman

Banks should freeze funds and suspend services to individuals and groups included on the list.

Russia’s Federal Financial Monitoring Service (Rosfinmonitoring) expanded its list of individuals and organizations involved in extremist activities or terrorism on Friday to include the LGBT movement. The updated list is available on the agency’s website.

According to the law, banks are required to freeze the funds of individuals included on this list and suspend services to them.

Last November, the Russian Supreme Court upheld the Ministry of Justice’s recognition of the international LGBT movement as extremist. The court also recognized its structural divisions as extremist and banned them.

According to Interfax sources, the law “does not affect citizens’ right to privacy and will not entail any negative legal consequences.” The restrictions are related to the need to comply with the ban on LGBT propaganda, advertising, generating interest, and involvement in the LGBT movement.

Source: RT

By Bilyamin Abdulmumin

What initially appeared as rumours of a coup attempt in the Niger Republic gradually and eventually proved true. Even when the leader of the coup d’état, Presidential Guard Commander General Abdourahamane Tchiani, announced the overthrow and proclaimed himself the leader of a new military junta, there remained a doubt in the air due to the exclusion (or so it seemed) of the Nigerien Chief of Army Staff. However, all traces of doubt cleared when the military declared their support for the coup. They cited loyalty to avoid casualties from internal military clashes. Since then, news and developments have dominated the public discourse hourly. Small and major national and international media outlets pinched their tenths on this event. 

The Nigerien coup has drawn significant attention compared to other recent similar operations. For instance, in Conakry, Chief of Army Mamady Doumbouya ousted his authoritarian leader Alpha Condé. In Mali, the junta overthrew its transitional president a few months after their appointment. In Niger’s neighbouring Burkina Faso, the junta toppled another transitional government they had installed months earlier. 

The reasons for the global condemnation of the Nigerien coup differ among various blocs. France and its allies might be concerned about the potential loss of influence over their former colonies. The U.S. stance is partly rooted in their role as self-appointed global police guardians of democracy. It is also due to their military base housing thousands of soldiers within the country. Russia, on the other hand, seems to be benefiting from the situation. However, for organisations like the African Union (AU) and the Economic Community of West African States (ECOWAS), the coup posed a direct threat to democratic leadership, reaching an alarming level. So the ECOWAS bigwig Nigeria, which not only shares proximity with Niger but also has its president as ECOWAS leader, tends to overreact. Bola Ahmed Tinubu was fighting from a dual role. 

The Nigerian coup came as a surprising shock, sudden and unexpected. Unlike many similar military strikes, this coup lacked potential factors pointing to its occurrence. Such factors often include internal crises, insecurity, tension, hardship, prolonged presidential tenure, crackdowns on the opposition, and suppression of dissent. The renowned Ghanaian coup leader Jerry Rawlings once noted that the success of his coups was owed to the ripe situation in his country. He likened the atmosphere for coup success to a saturated atmosphere filled with gas, waiting for ignition to burst into flames. However, in the case of Niger, none of those factors seem to be in play. 

One plausible theory regarding the reason behind the Niger coup has been put forward by a friend who also serves as an elder brother figure. This theory revolves around the wave of change sweeping through Francophone Africa. The leadership of France appears to be faltering due to its neo-colonial approach toward its former colonies. This approach doesn’t align with the interests of the affected countries, leading to increasing unrest. Both civilians and the military are discontented with this interference, creating an environment conducive to a coup. This theory gains weight considering the surge of support that followed the coup. The military cut all ties with France to bolster this perspective and sought to shift their allegiance towards Russia. But wait! President Basoum’s public statements aligned with this shift. His videos, circulating on social media, included threats to sever remaining ties with France gave rise to the conspiracy theory as the reason behind the coup. But with the current unfolding, the question arises: Is Basoum genuinely committed to this path, or is he merely putting on a facade? 

Russia appears threatened by Western encroachment, mainly through proxy conflicts in its neighbouring countries. The most recent instance of this is the situation in Ukraine. However, suddenly, Russia found a windfall at the doorstep: developments in Africa. Aggrieved African countries with the West swiftly shifted their allegiances towards Russia as a rival to Western powers. This scenario offers an alternative to the dominant Western influence—a sort of counterbalance. The concept of the BRICS (Brazil, Russia, India, China, and South Africa), akin to NATO or perhaps a stronger G7, also garners mass interest in joining. Six countries, namely Iran, Saudi Arabia, the United Arab Emirates, Argentina, Egypt and Ethiopia, joined this movement in January 2024. Such a development holds promise for rebalancing global power dynamics. It provides other developing countries with an alternative.

Those who previously leaked atomic technology to Russia would be very happy with this development. After the United States successfully developed and detonated nuclear bombs on Hiroshima and Nagasaki, effectively ending Second World War II, some of the bomb’s developers had worries: the disruption of the global power balance. As a result, according to reports, they leaked the technology to their arch-rival, the USSR.

Bilyamin Abdulmumin is a Doctoral candidate in Chemical Engineering at ABU Zaria. He is also a social and political affairs commentator and science writer.

By Muhammad Muhammad Salisu

In case you don’t know, the coup d’etat in the Niger Republic is not about the standard of living, as Nigerians are insinuating. It’s about France, Mali and the radical revolution in French West Africa.

French-speaking West African countries are beginning to divorce themselves from French neo-colonialism. The recent developments in Mali testify to this. The Russian mercenary Wagner Private Military Company’s persistent presence is a direct threat to French interests in West Africa and the US, EU and NATO, who are currently fighting Russia by proxy in Ukraine.

To the French and other Western powers, Russia is expanding its influence to Africa, which is a slap on their Caucasian faces. Moreover, Mali has now dropped the French language as its official language. France is not happy with this. To all these, even if President Mohamed Bazoum does not support the Malian radicals, France is afraid it may spread to Niger.

Another problem France is facing is Nigeria. Nigeria has always been a thorn in the flesh of France. France is not happy with Nigerian wealth and is openly jealous. It is not news that France supported the secessionists in the Nigerian civil war fought in the 1960s. And also, it is not news that the insecurity issues Nigeria is facing now, fingers are pointed at France as the prime culprit, at least from the illegal flow of weapons into Nigeria. Bazoum is lately trying to strengthen ties with Nigeria. This makes France more and more afraid.

History will never forget the fate of the late President of Niger, Ibrahim Baare Mainasara. His close ties with Nigeria under General Sani Abacha, who was also viewed in the West as an enemy, led to his overthrow and his subsequent tragic end.

This is the actual reason behind the coup d’etat in Niger. Niger has been an impoverished nation, and the West has no interest in the poverty-stricken populace there. All they are after is their political interests there. Some Nigerians are calling for similar development in Nigeria. It will not augur well should it happen. The West is more comfortable with the insecurity herein than a change in leadership.

Muhammad Muhammad Salisu can be contacted via muhdibnmuhd@gmail.com.

By Uzair Adam Imam

The Russian President, Vladimir Putin, has blamed the Western powers over the death of Russian journalist in Ukraine.

Putin described the death of the journalist as “a heinous, premeditated crime” committed by Western powers and Kyiv.The Russia’s foreign ministry on Saturday vowed a decisive “response” against the perpetrators.

The Daily Reality reports that Russian military announced that Rostislav Zhuravlev, a war correspondent working for the state RIA Novosti news agency, had been killed. He died as a result of a Ukrainian strike in the southern Zaporizhzhia region on Saturday.

“As a result of a strike by the Ukrainian army using cluster munitions, four journalists were wounded in various levels of severity,” the Russian army said in a statement.

“During an evacuation, the RIA Novosti journalist Rostislav Zhuravlev died from his wounds that resulted from the cluster munitions exploding.

“Everything indicates that the attack on the group of journalists was not carried out by chance,” the Russian foreign ministry said.

“The competent international organisations prefer, as before in such cases, to turn a blind eye to this heinous crime”, it added.

According to the ministry, “the journalists were gathering material for a report on the bombing by the Kyiv regime militants of settlements in the Zaporizhzhia region using cluster munitions banned in many countries around the world.”

By Ahmadu Shehu, PhD

For the first time in history, the President and Commander-in-Chief of the Republic of Poland, H.E. Andrzej Duda, visited Nigeria on 6^th September 2022. Apart from being a landmark in history, this visit has renewed the longstanding alliance and friendship between these great nations and has substantially reduced miscommunications and misperceptions among the citizens and officials of both countries.

The visit has yielded bilateral agreements of enormous importance to both nations, especially on agriculture and technology transfer. Moreover, judging by its history and relationship with Nigeria, nay Africa, Nigeria and its sister nations stand to gain more level playing ground in bilateral negotiations with Poland than many other more advanced western countries. This, however, is a topic for another day.

The resilience of the Polish – Nigeria relationship was tested in the early days of the Russian invasion of Ukraine. As the Russian army steadily and mercilessly advanced toward major Ukrainian cities, foreign residents scampered for safety across all Ukrainian borders in search of safety. Thousands of Nigerians, mostly students, found themselves at the Polish border, which was already overwhelmed by destitute refugees struggling to cross into Poland. The scenes and images of the border control points shall never be missed!   

While a lot of misinformation and deliberate spinning of Poland as a racist, intolerant country was being cooked and distributed, the Polish diplomatic mission in Nigeria busied itself with solutions and helping Nigerians trapped in this conflict. A few days later, news surfaced that Polish officials were actually particularly kind to all citizens, especially Nigerians who were given special treatment by various missions based in Poland.  

Back at home, Polish companies and financiers have landed significant business deals to ramp up Nigeria’s solid minerals sector to ameliorate the foreseen global energy crises occasioned by the war. In addition, the Polish agro sector looked at Nigeria as the next solution to the food crises, raising the hope that the Nigerian agricultural value chain would become a global competitor.

Tracing the roots of Poland’s contribution to the growth of Nigeria’s tertiary education in the ‘60s, ‘70s and even ‘80s, several Nigerian universities have found valuable opportunities to collaborate with major Polish universities in various academic fields.

The Nasarawa State University, for instance, had a significant project that translated the works of a Polish scientist whose contributions to the Nigerian academic community cannot be quantified. Several first-class Nigerian universities, such as Bayero University, Kano, have maintained a functional MoU with the University of Warsaw for many years.

In line with its cultural heritage and educational development support, the Polish mission in Nigeria built a specialized school to support Almajiri and out-of-school children in Kaduna State. Although many foreign non-governmental organizations do these kinds of projects, Poland is the only country to start this foresighted initiative as part of its foreign mission activities.

The Polish mission established and sustains a vibrant Polish Alumni forum, which is meant to foster and strengthen the understanding between the citizens of the two countries. Nigerians who studied, trained or visited Poland in a working capacity discuss relevant issues of interest to Nigerians in Poland and the bilateral relations and areas of cooperation between the two countries. This initiative has led to mutually beneficial opportunities for Nigerians and Polish people willing to study, live or do business in either country.    

Polish – Nigeria relations is a sixty-year-old business that stood the test of time. However, to whom do we owe this enthusiastic revival of the friendship between these crucial countries? The bulk stops at the table of Her Excellency Joannah Tarnawska, the Poland ambassador to Nigeria.

Tarnawska is an African-born and bred Polish lady with a degree in African studies from the Faculty of Oriental Studies of the University of Warsaw. Mrs Tarnawska is currently doing a PhD in economics, with a research interest in economic issues in Africa.

Her cultural ties, deep understanding and love for Africa are unmatched. Thus, the amount of success she will record as a diplomat in Africa is promising. Her resilience and understanding of the murky waters of the Nigerian political landscape give her an edge to thrive. The balanced, respectful and dignified way in which the Polish mission now treats Africans will undoubtedly bring back the glory of the Republic of Poland as a true, non-colonial ally of this continent.         

Africa is the future! Therefore, this shall be a win-win for Poland and Nigeria!

Ahmadu Shehu is an Associate Professor at Kaduna State University. You can reach him at ahmadsheehu@gmail.com.

By Bilyamin Abdulmumin

Needless to say, everyone wants money. Most of us have an insatiable love for them. There is this Hausa rhetoric:  if anyone says, “you have too much love for money, then the person saying that is playing with your intelligence”. In other words, the accuser is being unserious because what he said is a fact not only about you alone but everyone.

However, that is not the nitty-gritty of the matter because the like for money is one thing, and getting them is another. Getting the money is not as easy as pushing a standing pestle. Neither is it as easy as slapping a chick (in Dan Anace’s words)

To get the Phoenician’s invention, one has to invest a lot. It is a struggle for “survival of the fittest”. Those who bring or have the best ideas or strategy get them, thus putting us in constant skirmish and outweighing one another (capitalism in short).

Through their programs, some people have allegedly found a platform that can bring us this money almost effortlessly. In other words, the Ponzi scheme, alias pyramid, promises to free us from the bandage of suffering before getting the money.

To get to the utopia, according to these organizations, one will only invest a certain amount of money, and instantly a fixed profit is ensured (which one can claim after some time). The return of these investments is usually from 10 to 1000 per cent.

Initially, these Ponzi organizations’ operations were physical, with their offices and agents well known. One of such schemes that once cut across nook and cranny in Zamfara State was “oil and gas investment.”

The gale of the scheme in the state swept aside everyone on its path. It left neither business people, politicians, government workers, or even town heads. The “oil and gas” claimed an investment with a 100 per cent return in two weeks. For instance, an investment of 10,000 would qualify one to cash out 20,000 in two weeks. This is the type of eldorado business everyone can envisage, making it difficult to resist.

With the global transition from a physical to an online platform, the Ponzi schemes have followed suit. They would unleash their various applications where subscribers follow laid-down rules. Although different from the physical schemes, the concept remains the same: invest a certain amount of money and recoup mouth-watering profit (at 100 % assurance).

MMM was one online Ponzi that traversed the length and breadth of Nigeria, thanks to the subscribers’ testimonies like that of the oil and gas scheme. MMM promised and initially delivered 30 per cent profit to subscribers at every kobo invested within two weeks. This online investment was even riskier because the subscribers were dealing with faceless agents. When the MMM finally crashed, the bang of the burst was heard everywhere across the globe.

How the MMM founder from the far East of the globe, Russia, was able to convince Nigerians (some of whom are learned) to use not only their savings but other people’s money (staff salary, school registration fees, or money entrusted to them) was a mystery

The basic modus operandi of any pyramid scheme is the same: one particular schemer (the Ponzi initiator) would convince one to two people. Next, these two people convince four, four convince eight, and it keeps cascading like a symbolic pyramid hence the name pyramid scheme. Note the new subscribers in the pyramid pay the older ones; those at the top, especially the schemer who is at the top, bag the most money out of the scheme to the detriment of those at the bottom. For the scheme to remain healthy in operation, the new subscribers must always be able to pay the older ones; otherwise, the scheme becomes stuck in the mud.

Some of the Ponzi schemes recently to have met the waterloo are ISME and OSTIME. And according to “nogofalmaga”, an NGO specialist in dealing with Ponzi schemes, some other currently active schemes are only a matter of when not if they flow suit. These are SunPower, Tesla-recharger, Bitmaincenter sabrinascala, stormgain, among others.

In order not to take too much space, I reserved for the next article the discussion of some funny traits of Ponzi schemes

The elixir for easy money doesn’t exist. The Ponzi scheme can only provide for a few while robbing many others. If it is too good to be true, don’t trust it.

Bilyamin Abdulmumin wrote via bilal4riid13@gmail.com.