117 Views

Here Are 9 Popular Ponzi Schemes Nigerians Invest In

Nigerians like many other people in the rest of the world have the tendency to get carried away by the goodness of schemes that can make them rich overnight. They get excited with the prospect of making money that they would not make ordinarily by working.

Nigerians no doubt love every scheme that has to do with money doubling; the rate at which people invest in ponzi schemes confirms this.

While nobody has the right to stop people from spending money the way they want to, the best one can do is to educate and advise them on these schemes and the fatal blow they may be dealt with at the long run.

Online ponzi schemes have gained a whole lot of popularity following the profit people made from the MMM, which was the most popular as at last year. Nigerians who invest in schemes like this justify their actions by blaming the economic recession for it. They felt participating in schemes like that would alienate their sufferings and make things better for them.

The Central Bank of Nigeria was against MMM, the most prominent of the schemes. Strong words of warning were issued to many people but only a few heeded to them. With the suspension of the MMM scheme, Nigerians moved on to other paying schemes. Life goes on as it never ends.

See the online ponzi schemes Nigerians invest in:

1. MMM Nigeria

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

There is no way ponzi schemes will be listed without including MMM. It has remained the most prominent online money making portal in Nigeria. MMM Nigeria is part of the MMM global community; it is a Russian ponzi scheme that has been in existence since 1989.

This online money making portal changed the lives of many Nigerians as those who invested in it early became millionaires. This scheme helped lots of people by providing a platform where millions of people were able to provide ‘Help’ for those in ‘Need’.

The scheme gave members a 30 percent return upon investing. This scheme crept into the country’s cyberspace and made thousands of people put their savings into it.

2. Zar fund

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

This scheme was set up by Hannes Jordaan, an online entrepreneur who lives in South Africa. Zar fund works by offering financial assistance to those who need it.

Members are expected to join through a referral link which is level one. Then they will make an upline payment of 0.03btc per month to be able to receive the same amount from members under them in level one downline.

With enough collection of funds from those in level one, members are pushed to level two. Zar fund, although based on the active participation of referred members, is an easy way of making money.

3. Get help worldwide

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

This is another scheme that allows people to make as much as they can online. This scheme started in August 2016 and has become popular in Nigeria ever since then.

It is a mutual fund peer to peer donation; people help other people by providing direct financial help. Third parties are not encouraged in this scheme.

The help offered yields a profit of 30 percent if it is in local currency and 50 percent if it is in bitcoin. The profit is made within 30 days.

4. NNN Nigeria

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

After the Mavrodi Mundial Moneybox scheme crashed, NNN Nigeria sprang up. The latter scheme is a community of ordinary people who understands the meaning of unity.

ALSO READ  10 Bad Habits That Can Be Deadly To Your Heart

They provide assistance to people who need it; the goal of this scheme is not money. The goal is to acquire as much as you can. It is a mutual aid that offers 35 percent yield to its participants as compared to the 30 percent offered by MMM.

This scheme is owned by the participants. It is made by the people and for the people. Some freedom lovers in America came together to establish it.

It is headed by an influential Yoruba man! It was tested in New York City in 2014 before it was brought down to Nigeria. It is an improved MMM system.

5. Givers forum

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

It is considered to be one of the top online money schemes in Nigeria. With the trending activities of other ponzi schemes, the Giver’s forum virality should not be doubted.

The giversforum.net domain was registered in October 2016. It is a community of givers who assist each other financially; there are no lenders or debtors here. People simply offer help when a member is in need.

Participants are charged to be kind and honest in their dealings. Financial help has to be given whenever a participant is in dire need of it.

The money stays in the account of participants and not in a central account which can be subjected to theft. At the moment, it is one of the top 5 schemes in Nigeria.

6. Crowd rising

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

This is a new ponzi scheme that is trending. It was set up in such a way that charities, schools, religious organisations and clubs can benefit from it.

The traffic on this site is relatively low compared to the other schemes. Donations are made directly into the account of the members.

7. Ultimate cycler

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

This scheme was set up by a US based network marketer identified as Peter Wolfing. Upon registering, members are expected to pay N12,500 to another member.

The member must confirm the payment after which the administrators will place 4 registered people under you. This people would pay N12,500 each into your account.

Members are encouraged to bring in other people if they cannot wait to be matched with people who will pay them.

8. Icharity

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

This is an international charity club which has a network of donors. It is a platform that peers members with each other while expecting them to make financial donation.

Members give and receive donations here; it is an open club where anyone can join anywhere. Members do not pay to a central server here.

Schemes that use central servers are burdened with the responsibility of deciding who to give money to and at what time.

9. E-cooperative online

Check out 9 popular Ponzi schemes that are being patronised in Nigeria

This is another scheme that has gained popularity in Nigeria. Here, members are not promised any percent on money donated. This scheme helps members raise the capital needed for major projects and gives them ideas on how to manage the money they make from their businesses.

They educate their members on how to make money yield returns through business investments. This scheme has two parts; the multilevel part of ecooperative, then the business part.

This scheme renders services like internet marketing and training, online adverts, micro-credit, skill acquisition training and business development. .

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Wizkid’s First Son, Boluwatife Balogun Swags Up In News Photos
Entertainment
45 views
Entertainment
45 views

Wizkid’s First Son, Boluwatife Balogun Swags Up In News Photos

MT - January 19, 2018

When your father is Wizkid Ayo Balogun, then swag is expected! Shola Ogudu, Wizkid's first baby mama shared these lovely new photos of their son, Boluwatife. 

“Doctor Saves Life In Theatre, You Take Gifts To Pastors” – Daddy Freeze, Crazeclown
Entertainment
49 views
Entertainment
49 views

“Doctor Saves Life In Theatre, You Take Gifts To Pastors” – Daddy Freeze, Crazeclown

MT - January 19, 2018

Is It Right? Doctors Spent Hours To Save Your Life In Theatre, You Take Your Gifts To Pastors - Freeze Daddy Freeze don start again today oo,…

Actress Rukky Sanda Steps Out In Ripped Jeans And People Are Talking About It (Photos)
Entertainment
36 views
Entertainment
36 views

Actress Rukky Sanda Steps Out In Ripped Jeans And People Are Talking About It (Photos)

MT - January 19, 2018

The actress and single 33yr old has been off from the movie screen lately, but she seems to be doing just fine judging by her photos, It…

7 Foods That Will Boost Your Digestive Health
Food and Health
34 views
Food and Health
34 views

7 Foods That Will Boost Your Digestive Health

MT - January 19, 2018

Your digestive system affects the well-being of every cell in your bodies. A healthy digestion will contribute to boosted energy levels, beautiful skin and rejuvenating sleep. So,…

Seyi Shay Shares Her Early Morning Photos Without Makeup (Photos)
Entertainment
49 views
Entertainment
49 views

Seyi Shay Shares Her Early Morning Photos Without Makeup (Photos)

MT - January 19, 2018

Nigerian female artiste stage named seyi shay shares her make-up free picture. She is looking cool anyway. See photos below

House Of Rep Member, Aishatu Dukku Says Herdsmen Values Lives Of His Cattle More Than Their Life
Politics
33 views
Politics
33 views

House Of Rep Member, Aishatu Dukku Says Herdsmen Values Lives Of His Cattle More Than Their Life

MT - January 19, 2018

A video making the rounds on the internet has shown a member of the House of Representatives claiming the Fulani herdsmen values his cattle more than his…

Babymama Gang: Popular Video Vixen, Beverly Osu Announces Her Pregnancy By Flaunting Baby Bump On IG
Entertainment
37 views
Entertainment
37 views

Babymama Gang: Popular Video Vixen, Beverly Osu Announces Her Pregnancy By Flaunting Baby Bump On IG

MT - January 19, 2018

It seems beautiful video vixen has join the list of baby mamas as she happily flaunt her baby bump on her instagram page, although the father of…

How A Young Nigerian Businessman Slumped And Died Hours After Mourning The Death Of His Friend
Shocking
30 views
Shocking
30 views

How A Young Nigerian Businessman Slumped And Died Hours After Mourning The Death Of His Friend

MT - January 19, 2018

A young Nigerian man based in the United States has just been reported dead after he was reported to have slumped and died just hours after losing…

DJ Cuppy Got More Than She Bargain For When She Tweeted About Recording A New Song
Entertainment
35 views
Entertainment
35 views

DJ Cuppy Got More Than She Bargain For When She Tweeted About Recording A New Song

MT - January 19, 2018

Nigerians on twitter are all sorts of savage and hilarious. After Dj Cuppy tweeted, Quote 'My throat is killing me, and I’m meant to be recording my…

Here Is How Rivers Indigenes Protested Against SARS Operation In The State (Photos)
Shocking
33 views
Shocking
33 views

Here Is How Rivers Indigenes Protested Against SARS Operation In The State (Photos)

MT - January 19, 2018

Residents of Rivers state today staged a protest calling for the disbandment of SARS operations in the state. The residents accuse officials of the State Anti-Robbery Squad…

Checkout New Photos Of Former Miss Anambra “Cucumber”, Chidinma Okeke (Photos)
Entertainment
41 views
Entertainment
41 views

Checkout New Photos Of Former Miss Anambra “Cucumber”, Chidinma Okeke (Photos)

MT - January 19, 2018

Never you be a victim of your own circumstance … The “future is now” The former beauty queen dropped one of the pictures and wrote: Quote “Go confidently…

Why Chelsea FC Could Be Banned For Two Transfer Windows By FIFA
Sports
35 views
Sports
35 views

Why Chelsea FC Could Be Banned For Two Transfer Windows By FIFA

MT - January 19, 2018

English Premier League Champions, Chelsea FC could be banned for two transfer windows as FIFA investigate the club for irregular signings, according to The Guardian. The club…

Fulani Killings: Why The Benue Crisis May Get Out Of Control – Sultan Of Sokoto Warns
Shocking
40 views
Shocking
40 views

Fulani Killings: Why The Benue Crisis May Get Out Of Control – Sultan Of Sokoto Warns

MT - January 19, 2018

Saad Abubakar, the Sultan of Sokoto, has queried the competence of the security agencies and their inability to stop the attacks and killings by herdsmen in Benue State.…

My Side Chick And My Personal Ashewo – IK Ogbonna Writes Sweet Message To His Wife On Her Birthday
Entertainment
44 views
Entertainment
44 views

My Side Chick And My Personal Ashewo – IK Ogbonna Writes Sweet Message To His Wife On Her Birthday

MT - January 19, 2018

Nollywood superstar actor, Ik Ogbonna has celebrated his wife in a unique manner by chosing to call her his side chick and ashewo in a post he…

This Plus Size Man and Fiance Spice Up Their Pre Wedding Photos With Raunchy Display
Romance and Love
43 views
Romance and Love
43 views

This Plus Size Man and Fiance Spice Up Their Pre Wedding Photos With Raunchy Display

MT - January 19, 2018

This fun-loving couple have got themselves trending online after sharing their lovely pre-wedding photos. The pair identified as Prince Biggs and Sugar Girl decided to spice up…

Meet Nigeria’s First Female Combatant Pilots In History Since 1960 Independence (Photos)
Best of Nigeria
46 views
Best of Nigeria
46 views

Meet Nigeria’s First Female Combatant Pilots In History Since 1960 Independence (Photos)

MT - January 19, 2018

The Nigerian Air Force (NAF) has disclosed on Wednesday, January 17, 2017, during commissioning of 11 young pilots that the two female combatants among the pilots are…

Meet The Governorship Aspirant “Melting The Hearts” Of Online Users (Photos)
Politics
36 views
Politics
36 views

Meet The Governorship Aspirant “Melting The Hearts” Of Online Users (Photos)

MT - January 19, 2018

The 2019 general elections will be apparently be great. A governorship aspirant, comrade Sani Garba Gusau has become an online sensation after melting hearts of online users…

Super Falcon Star, Asisat Also Stops By At Peter Okoye’s Mansion In Lagos After Visiting Paul Okoye
Entertainment
44 views
Entertainment
44 views

Super Falcon Star, Asisat Also Stops By At Peter Okoye’s Mansion In Lagos After Visiting Paul Okoye

MT - January 19, 2018

Earlier today, Super Falcon star and female African Player of the Year, Asisat Oshoala alongside Onome Ebi paid a visit to Paul Okoye aka Rude Boy at…

Loading...