The National Bank of Rwanda is informed about the reappearance of pyramidal operations or get rich quick in which people are putting their cash. The National Bank of Rwanda would like to warn the public about the illegal character of such schemes and on the risks run by promoters and people who agree to subscribe to those criminal activities. 

The public must know that a pyramidal operation or a get rich quick is a fraudulent stratagem set up by individual or a group of people with an aim of making money. The recruiters wisely persuade new participants and put pressure on them to trust the scheme and to invest.

Indeed, the success of those schemes remains in the capacity to maintain a chain of new participants. The new participants pay a fixed amount to the promoters and their names are added to the membership list. Those whose names appear on the top of the list are supposed to receive money proportionally to the recruitment they made.

Those schemes will definitely disappear as there are not enough people or enough money to keep them going on. Moreover, the longer they last the more damage they do to the communities.

That is why the National Bank of Rwanda informs the promoters that such kind of activities are not authorised and contravene the banking law among others.

 Therefore, the National Bank of Rwanda invites the public to be cautious in order to avoid the risk of loosing their saving in favour of criminals.

Done at Kigali, 13 January 2009

KANIMBA François

Governor