NRC Ponzi Scheme Crashes, Leaving Nigerians Stranded

The NRC online investment platform has collapsed, leaving numerous Nigerians stranded and unable to access their funds. The platform operated on a task-based earning model, requiring users to pay money to complete simple daily tasks while promising inflated returns of 100% within 30 days.
Reports indicate that the NRC website became inaccessible on Tuesday night, prompting users to express their frustrations on social media. One user, identified as oma22k, shared that despite being warned about the potential risks, she registered and lost money when the platform crashed.
Another user, babak17484770, called for intervention from the DSS, EFCC, and ICPC, lamenting the loss of borrowed money. The scheme, which had been operational for only two months, sparked outrage as many participants recognized it as a Ponzi scheme but still chose to invest.
The NRC's headquarters was claimed to be located in the United States, raising further concerns among victims.
Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.
Read full article
Continue on Nigerian Tribune
Enjoy this article?
Get the weekly Nigerian roundup — top stories, NPFL, naira. One email, Sunday morning.
Related Stories

Nigerians Lose ₦2 Trillion to Ponzi Schemes Amid Warnings
Nigerian Ponzi Scheme Collapses, Investors Lose Billions

How to Identify Legitimate Online Investment Platforms in Nigeria

NAICOM Revokes Nigeria Reinsurance Licence Over Capital Issues

NREIT Series 6 Offer: ₦30.4bn Units Now Open on NGX

NITDA Denies Involvement in CPM Fund Recovery Claims
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.









