“Forex Is the Biggest Scam”- Woman Warns Public Over Alleged Forex Practices

• A Nigerian woman has alleged that the forex industry is driven by recruitment and influencer marketing rather than real trading profits, sparking debate online.
• She further alleged that participants were enticed with promises of luxury rewards, including properties and business opportunities abroad, while the organisers generated income primarily through training fees and recruitment.

A Nigerian woman has sparked widespread reactions online after alleging deceptive practices within the forex trading space, describing it as exploitative and misleading.

In a statement shared on social media, the lady claimed that the real profits in the industry are not from trading itself, but from recruiting new participants and presenting a curated lifestyle online.

According to her, attendees at the event were encouraged to shift their focus from actual trading performance to building an online persona that could attract followers and potential trainees.

She further alleged that participants were enticed with promises of luxury rewards, including properties and business opportunities abroad, while the organisers generated income primarily through training fees and recruitment.

“Forex is the biggest scam in Nigeria. I attended a forex event where they told me not to focus on being profitable, but to become a forex influencer; post a modest lifestyle and claim it came from trading. The real money is in bringing people to learn forex. The more people you recruit, the more you earn. They even promised me offices and houses in Dubai. Meanwhile, they profit from students who are actually losing money,” she said.

“Forex is the biggest scam in Nigeria. I attended a forex event where they told me not to focus on being profitable, but to become a forex influencer; post a modest lifestyle and claim it came from trading. The real money is in bringing people to learn forex. The more people you… pic.twitter.com/S9It1ZvABp

— 𝐀𝐬𝐚𝐤𝐲𝐆𝐑𝐍 (@AsakyGRN) April 7, 2026

In other news… Nollywood actress Judy Austin has taken to social media to celebrate her daughter, Universe, describing her as exceptionally intelligent and beautiful.

Sharing a video of the 9-month-old on her Instagram page, the actress expressed amazement at her daughter’s developmental milestones, noting that she already displays abilities beyond her age.

“This little Angel here, Universe Yul-Edochie, is a Genius.
Super smart and so so so beautiful.
I’ve never seen a 9-month-old baby who can say ‘mummy’, understands the A to D sounds, can wave ‘bye bye’, can open her mouth when you ask her to, and kiss mummy whenever I ask her to, with so many other things that kids her age can’t do,” she wrote.

Austin further revealed that her daughter’s growth has inspired her desire to have more children, while also highlighting the strong resemblance between the baby and her father, actor Yul Edochie.

“She makes me want to have more babies.
Universe is the definition of my papa born me into the world, my mummy was just there as a witness.
ISI MMILI JI OFOR @yuledochie can’t be giving me 3:0.
At least one more that will look like me.
I’m Just too Blessed,” she added.

Yul Edochie also shared the video of their daughter on his page, captioning it, “Universe Storm Ifeyinwa Yul Edochie.”