scheme

Ugwuanyi Unveils Health Insurance Scheme For Enugu

December 13, 2019 9:58 am

Governor of Enugu State, Ifeanyi Ugwuanyi, has launched the Universal Health Coverage scheme to ease the burden of medical expenses of residents through a standard healthcare system.

Speaking during the event, yesterday, Governor Ugwuanyi said his government had provided N200million for the take off of the program. He also said 50 new doctors and other health professionals had been hired to ensure the success of the project.

Ugwuanyi, who was represented by the Secretary to the State Government, Prof, Simon Otuanya, said that the health sector had remained a key focus of the administration as reflected in the huge …

Taj, Jaiz, NAHCON Explore Hajj Savings Scheme

November 25, 2019 9:19 am

Interest in the promotion of Hajj Savings Scheme in Nigeria has continued to gather pace as two Islamic non-interest banking institutions, Taj Bank and Jaiz Bank have met the National Hajj Commission of Nigeria (NAHCON) on its feasibility.

The Head, Public Affairs NAHCON, Fatima Sanda Usara, revealed that the Commission’s Chairman, Abdullahi Mukhtar Muhammad and officials from the two banks met recently on the subject.

Taj Bank delegation was led by its Managing Director, Norfedelizan AbdulRahman and Jaiz by its Managing Director, Hassan Usman.

AbdulRahman, lauded the hajj savings scheme initiative while assuring of Taj Bank’s readiness to deploy in …

MMM Ponzi Scheme back in Nigeria, woos people again

June 22, 2019 11:42 am

Notorious Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back.

The new version known as MMM Cooperation promises as much as 50 percent return on any amount invested in it — 20 percent more than what the extinct version offered.

Just like the previous version, participants are to register, invest a particular amount in the form of “providing help” and “get help” with their investment and interest back after 30 days.

And some Nigerians are falling for it yet again!

Read Also: Beware of Loom ponzi scheme, SEC cautions …

Beware of Loom ponzi scheme, SEC cautions Nigerians

May 16, 2019 9:32 am

The Securities and Exchange Commission (SEC) has raised the alarm over the activities of some fraudsters currently running an online investment scheme tagged ‘Loom Money Nigeria’.

Loom Money Nigeria is taking over social media by targeting young people to participate in a pyramid scheme.

But Acting Director General of the SEC, Ms. Mary Uduk during a press conference by the Minister of Finance in Abuja, Thursday warned Nigerians of the fraudulent activities of Loom promoters.

Uduk, who was represented by Acting Executive Commissioner, Operations of the SEC, Mr. Isyaku Tilde said the fraudsters carry out their illegitimate business activities via …