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Top 10 Ponzi Schemes in Nigeria to Avoid If You Don’t Want To Lose Money Like Racksterli

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Top 10 Ponzi Schemes in Nigeria to Avoid If You Don’t Want To Lose Money Like Racksterli

Top 10 Ponzi Schemes in Nigeria to Avoid

win 40k and a night with me

 

 

win 40k and a night with me

Gullible Nigerians fall easy prey to Ponzi schemes as they are looking to get more with little or no risk.

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Many people don’t know how to identify these Ponzi schemes and as such become the unlucky victim.

What are Ponzi Schemes?

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Ponzi schemes are investment frauds that pay existing investors from money paid in by subsequent investors rather than from any actual profit earned from the operation of a business.

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The downside of these Ponzi schemes is that they are not intended to generate any returns for the investors concerned but to enrich the pockets of the Ponzi scheme organizers.

Ponzi schemes require a constant flow of new money to survive. It thrives on new investors as their money is used to pay existing investors.

If existing investors cash out and no new investors are recruited then the scheme fails woefully or collapse completely.

History of Ponzi Scheme

Ponzi schemes was named after Charles Ponzi who was noted in 1920 for his arbitrage scheme which proved to be a scam for paying off early investors with the deposit of later investors.

His modus operandi was that he would double investors money in 90 days through an absurd plan to buy and resell international postal reply coupons.

How to Detect Ponzi Schemes

It is important to know how to detect these Ponzi schemes so as not to fall a victim.

Any investment schemes that promise higher returns with little or no investment is probably an investment scheme you should simply avoid.

Another thing to look at for is for investment that generates high positive returns regularly regardless of the overall market conditions.

Ponzi schemes are non registered investment which doesn’t give 100% guaranty. It is not registered with the SEC or other regulatory bodies and such investors can’t get access to information about the finances, services, products, and management of the company.

Ponzi schemes are managed by unlicensed individuals or unregistered firms and as such your investment is good as written off.

Ponzi schemes tends to raise the hope of unsuspecting Nigerians who are looking to make quick money and this brings unwanted results of fraudulent practice.

In Nigeria, many of such Ponzi schemes are everywhere and because of the bad economic situation of the country, people tend to fall victims because they are looking for quick returns with no little or no risk involved.

In this article, you would get to know the Ponzi schemes in Nigeria you should avoid, so as to have a safe investment with no cause for alarm or worry.

Top 10 Ponzi Schemes in Nigeria to Avoid

The following are the top 10 Ponzi Schemes in Nigeria to avoid:

1. Loom Money

Loom is a Ponzi scheme you should probably avoid as it is targeted at gaining many investors with the ideology of referral and cash out when you are able to refer 8 persons.

It is a platform that utilizes the WhatsApp chat groups for its operations. It deals with four levels which consist of Purple, Blue, Orange and Red.

How does it work? When you join the Loom WhatsApp group, you would be required to invest the sum of #1,000 and #13,000 with a promise of 8 times your investment only if you invite one person to join the group.

This scheme is more like put in your money and cash out fast before it crashes but the actual fact is that the scheme only thrives on the number of people who come in as investors regularly as money invested by new investors are used to settle existing investors.

2. Loopers Club

This is yet another Ponzi scheme you should be wary of as users have tagged them as “thieves” and “shady”.

Loopers club describes itself as a multinational platform where members help one another financially in their time of need.

There was a time when Loopers Club went into maintenance but when it came back, all the investors details had been wiped clean leaving no history which got many investors angry as they were asked to register and invest again or suffer a deleted account.

In spite of what happened, unsuspecting people are still joining.

3. Help Naija

This platform operates on WhatsApp and assures investors 30% of their investment every 10 days they are pair with some other investors.

It also promises 10% fast transfer commission and 10% referral bonus earnings on people you invite or refer to the scheme.

This is too good to be true Ponzi scheme that people should avoid as its lack of popularity doesn’t prove it otherwise.

4. NNN Nigeria

This is another obvious Ponzi scheme that should be avoided as it is like MMM Nigeria which crashed back in 2016 when lots of people lost their money as well as their lives.

NNN Nigeria describes itself as a community that helps millions of users worldwide to connect to those who are willing or ready to provide help.

It simply functions like its predecessor and should be probably avoided to not have the same occurrence of the bitter past.

5. Twinkas

This is a quick money scheme that promises its members a 100% return on investment without referral after a period of 21 days.

It has four different packages which consist of Classic, Professional, Premium and Ultimate.

The packages offer unbelievable returns for the amount invested which is a sign that this is a Ponzi Scheme one should avoid.

6. iCharity Club

This Ponzi Scheme follows the same pattern as it requests a fee of #6,000 after registration which must be paid not more than 2 days after registration.

It operates with Grades which is from 1 to 10 and payment of #6,000 after registration puts the member at Grade 1 and entitles him/her to 5 times the initial deposit which is 30,000 naira. You can only be paid when you bring three persons into the system.

This is probably one Ponzi Scheme in Nigeria you should avoid so as not to be devastated.

7. Paradise Payment Nigeria

It is a member to member donation platform and members donate directly to other members without any third parties. It starts with little as 1,500 naira and as high as 10,000 naira.

After registration, you would be asked to make a donation to the supposed member in need of help which must be done within 12 hours. You become a Pro member when the member confirms receipt of your donation.

This is a scheme that should be seriously avoided as it is not different from other Ponzi Schemes out there.

8. Greenspeer

This Ponzi Scheme works by you investing 5,000 naira into a members account to which you get 10,000 naira from two persons that puts you in level one and the ultimate level is 5 where you invest 100,000 naira to get 1,000,000 naira. This is a red alert scheme you should avoid.

9. Global Cash Nigeria

This is simply the same as the other Ponzi Scheme you should definitely avoid.

10. Get Help Worldwide

This Ponzi Scheme Promises 30% profit within 30 days to which not much information is disclosed. You should avoid this Ponzi Scheme as it has scam written all over it.

Conclusion

Ponzi Scheme is very old dating back to history but many people fail to recognize such schemes and end up as a victim.

This article has been able to put together the Ponzi Schemes to avoid so as to be a safe ground and not be sorry.

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Nigeria

Tell The Driver To Drop You If You Notice These Things Inside A Keke Napep

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Tell The Driver To Drop You If You Notice These Things Inside A Keke Napep

 

win 40k and a night with me

 

One of the means of transportation apart from boarding public vehicles is entering or boarding a Keke Napep. Most Keke riders have filled up the transportation business thus making most cities in Nigeria to be filled with Keke Napeps.

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Many Nigerians including me, love boarding Keke Napeps because of how comfortable it is and I am certain most of you are familiar with what I am saying. But like every other thing, criminals, evil people have also made their way into the business to perpetrate evil on unsupecting individuals. In this article, we are going to be having a look at the 3 Things You Should watch out for in every Keke Napep to avoid falling prey to evil doers.

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win 40k and a night with me

 

win 40k and a night with me

1. If the Keke Rider and The Passengers ask you to sit in the middle: this is a dangerous movement. Don’t agree simply because they told you to do so because they could also be part of the evil gang planning to either abduct you or use you for any other diabolical purposes. Don’t get me wrong though, I am not saying anytime you are asked to sit in the middle that it means you will be harmed, but take it more seriously when both the rider and the so called passengers collectively ask you to sit in the middle of two other passengers.

They do this most times to make it easier for them to abduct or do something evil to you without been disturbed by your resistance.

 

 

2. If the Keke Rider Tries to Follow an Unnecessary Shortcut: I put it this way because some shortcuts are necessary. Some are unnecessary in the sense that the main road may not be congested and the rider intentionally tries to follow a shortcut, that’s a dangerous move. If you are in such a Keke Napep, immediately the rider tries to divert in a remote shortcut, immediately ask him to alight you if you care about your life.

In some unfortunate cases, the rider takes such people to remote areas and either rapes the person if a lady or abduct the person and ask for ransom from the person’s family. Please this is a serious tip you should take seriously to avoid being hurt.

 

 

3. If Other passengers start discussing something like a business idea and ask for your input: this is another tricky method, most fraudulent Keke riders employ to scam unsuspecting individuals. Most times they make use of charm while discussing and deliberating in the Keke Napep of which immediately you interfere or give your input as regards their discussion, you get charmed and their wish becomes your command.

Immediately you enter a Keke Napep and the passengers start discussing a business idea and start trying their best to get your own idea, please alight from such a ride immediately if you don’t want to scammed. This method has been used to scam alot of individuals off their monies and I decided to share it with my viewers today.

That’s all for now lovely viewers! If you enjoyed the article, kindly follow this handle for more updates. Thanks.

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Nigeria

‘He Stopped Acting for Beer Business’ – See Photos Of Emeka Enyiocha’s Wife and Children

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He Stopped Acting Because Of Beer – Where He Ended Up With His Wife Now

 

win 40k and a night with me

 

Emeka Enyiocha is one of the most popular and beloved Nollywood actors that entertained us greatly in the past. In the past, he was one of the top performing and talented actors in the movie industry before he stopped for Beer Parlour business.

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According to Emeka, he quit acting for beer business because he wanted to be close to his wife and children. You know acting is one profession that looks very simple from the outside but it’s quite difficult and stressful for the major players. Sometimes, it will make you unable to spend quality time with your family members.

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win 40k and a night with me

 

win 40k and a night with me

One of the actors greatly impacted by the acting profession is Emeka Enyiocha, so he had to quit for a while and ventured in beer business so that he can be with his family the more. Though, this article is not purely about his career but showing you photos of his wife and children, I just thought it wise to also tell you why he suddenly varnished from the screen.

Checkout Photos of Actor Emeka Enyiocha’s Wife and Children;

 

 

Emeka enyiocha is not only a talented and good looking actor but also a family man that cares about his family alot. As you can see in the above image, that’s a picture of him and his wife. The couple is also blessed with three beautiful children.

 

 

That’s all for now. I believe this article answered two major questions for you. The reason why he is no longer acting for now and photos of his wife and children. If you enjoyed it, tap the follow button for more updates.

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Nigeria

You Plan To Be A Millionaire Don’t Tell Anyone These 3 Things About Yourself

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You Plan To Be A Millionaire Don’t Tell Anyone These 3 Things About Yourself

 

Many times individuals tend to send information about themselves to people they feel close to them, without understanding that the person can’t take you like you do. I experienced such a horrible experience and that’s why I make this eye-opening essay to my audience.

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In this post I will explain to you the three (3) things you should not disclose anyone about yourself or your life, including family members or blood connections.

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1. Your Future Plans: this information is highly important to your life and you should not attempt and tell anyone. Most of the time, we take our future goals to heart and convince others that it cannot be dangerous or that our ideas are no longer working. Forget about superstition, if people think it would make you greater than they can damage your future goals.

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It is therefore preferable to keep everything to yourself and yourself regarding your future. If you say wrongly or deliberately to the incorrect person about your future intentions, you instantly risk dispersing whatever it is. Just stay quiet about your future ambitions and efforts whether they relate to money or not, something is more personal.

win 40k and a night with me

win 40k and a night with me

2. Your financial status: This is another sensitive information that your bank can best provide. It is highly unethical and hazardous to tell anyone even your own blood relationships and siblings about your financial position. It can race; envy, hate can lead to something for these two things. If someone wants you, be aware because someone can even murder you.

So you have to be silent regarding your financial condition or the amount you have in your account. It’s best to know your bank and nobody else. Although it may be special if the person is your spouse, because you are married instantly, the future of the individual becomes your own future thus no secrets are necessary. Besides that, don’t tell anyone else your financial position, whether it a buddy, brother, sister, etc.

3. Your relationship status: may sound embarrassing, but you have to take note of this. Never reveal your relationship status or events in your external relationship. It’s your personal business and it should stay so.

When I say relation I don’t mean if your individual or not simply keep the events or what you face privately and exclusively between you and your spouse. It’s very inappropriate to tell your pals what’s occurring, because it might even lead to jealousy. People envy everything, especially when it flourishes. Don’t get overly enthusiastic and spill all your life out to them.

To tell others all about you might lead to jealously, envy, hate, or cause people to gaze at you. Stay private! Stay private! Follow this manual and share this post for additional updates with your friends. Thanks

 

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