Why do Ponzi schemes seem to thrive in Nigeria?

An economic crisis, lax regulations, little financial literacy and slick marketing: Ponzi schemes seem to have hit the jackpot in Nigeria. But after the recent collapse of digital trading platform CBEX, how easy is it to spot a financial scam? And how safe are we really from financial fraud? DW’s Mimi Mefo speaks to Ikemesit Effiong, an economist, and DW correspondent, Abiodun Jamiu.