What The Hell Is CBEX??
And who do we beat up about it?
Hey, Workie!
This week has been packed with a whole lot of highs and lows, first the whole CBEX debacle choked everyone (please tell me they didn't get you too 🥲), and then to wrap it up on a high note JP2025 broke the internet.
I’m still not over the dress papaya wore to the wedding.
P.S. This newsletter is for undergraduates and newbies in the corporate space. Know anyone who fits this description? Please share with them
CORPORATE BANTS
Dummies Guide To: Ponzi Schemes
Unless you’ve been living under a rock, you probably heard about the CBEX matter that had the whole internet going crazy.
It’s so upsetting how common it is for Nigerians to fall victim to Ponzi schemes and it’s just got me thinking when people are going to learn to notice patterns.
If you’re still wondering what a Ponzi scheme is, it is an investment scam that pays early investors with money taken from later investors to create an illusion of big profits.
First it was MMM now it’s CBEX and in a few years it could be DVEZ and people would still fall for it.
I don’t want you to be one of those people so I’m going to give you a simple guide to detecting Ponzi schemes.
The promise of huge profits with little to no risk: A genuine investment is typically characterized by high returns with increased risk. So, exercise caution when encountering investments that guarantee returns or appear too attractive to pass up.
Steady Profits: Ponzi schemes typically yield steady profits, regardless of market conditions. This happens because the returns aren’t sourced from actual investments but from the capital of new investors.
Aggressive Sales Techniques: Ponzi scheme perpetrators usually employ aggressive sales techniques to persuade investors to participate in the scheme quickly.
AMATEUR HOUR
This Intern Flat Out Said “I Refuse” After Being Fired
There’s nothing worse than being fired from an internship, except maybe being fired from a full-time job but this guy literally refused to be fired and what happened after is lowkey hilarious.
TOP PICKS FOR GIGS
Jobs Of The Week
Graduate Intern at International Institute of Tropical Agriculture
Graduate Intern at Stanbic IBTC
Data Analytics Intern at Deloitte
Data Analyst Intern at Sunfi
Product Engineering Intern at Appwrite
Video Intern at Volition Cap
Graduate Sales Trainee at Lifebank
Digital Marketing Trainee at Yaphi Tech Nigeria Ltd
NYSC Intern at Club Concierge Africa
Procurement Trainee at Geoplex Drillteq Limited
Law Intern at Seplat Petroleum Development Company
Medical Sciences Intern at Seplat Petroleum Development Company
Business and Finance Intern at Seplat Petroleum Development Company
P.S. If the job link redirects you to an email, just attach your CV and cover letter, and make the job title the title of the email. Goodluck!!
DON’T KILL YOURSELF
Things to help you unwind this weekend:
Watch This: Broken Hallelujah is a movie about a couples journey with fertility issues.
Listen To This: Experts delve into the male loneliness epidemic.
Chow Here: Aroma Palace is the best 24/7 native food restaurant in Lagos.
Chill Here: We Land Climbing is the coolest rock climbing spot in Lagos.