Nigeria, July 9 -- Another day, another collapsed investment platform. Another wave of tears. Another chorus of "I have lost everything." Another social media trend filled with screenshots of failed withdrawal attempts and desperate appeals for help. This time, it is National Reading Culture (NRC), an online platform that convinced thousands of Nigerians to part with their money on the promise that they would earn extraordinary returns within a matter of weeks. Predictably, the website has gone dark, withdrawals have stopped, and the operators have disappeared, leaving billions of naira in losses and countless investors wondering how they were deceived.

But perhaps the more important question is this: when will Nigerians learn?

The trut...