Business
Association Moves To Checkmate Ponzi Schemes Fraud
The Nigeria Internet Registration Association (NIRA) has outlined plans to checkmate internet abuse by various forms of Ponzi schemes as MMM, Twinkas, Ultimate Cycle and others.
A statement issued in Abuja on Friday by the National President, NIRA, Mr Sunday Folayan, said that an internal procedural process to manage and deal with such complaints had been set up by the association.
Folayan emphasized that a law enforcement desk has been created to handle complaint on domain name abuse and the association promised working with relevant security agencies to deal with the menace.
The NIRA boss solicited the support of Nigerians, adding that if anybody discovers any form of internent abuse with ng. websites send through email abuse onira.org.ng.
He noted that many Nigerians were being defrauded by various forms of Ponzi scheme operated by fraudsters under various names and platforms.
Folayah said that fraudsters were feeding on peoples’ greed and the poor economic situation to lure more victims into their fraudulent schemes.
NIRA is a Federal Government owned association formed to checkmate internet abuse by fraudsters and despite the association’s warning, Nigerians have continued to patronize different ponzi schemes which came up after the fall of the popular MMM Nigeria.
The Tide source disclosed that the Nigeria Deposit Insurance Corporation (NDIC) had estimated that three million Nigerians lost N18 billion in the popular Ponzi scheme MMM in Nigeria.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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