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maxwell Ejidike
2 hours ago
Overview
Another Ponzi Scheme, National Reading Culture (NRC) Crashes
Another Ponzi Platform, NRC Has Crashed With Billions Invested By Nigerians
The NRC (National Reading Culture) Ponzi scheme was a fraudulent investment platform that recently collapsed, causing thousands of Nigerians to lose billions of naira. Disguised as a task-based earning system, it operated by having investors pay money to complete simple daily tasks with promises of highly inflated, guaranteed returns.
‘I did it with borrowed money’: Reactions as another Ponzi scheme, NRC, crashes
Social media users have reacted with frustration after another online investment platform, National Reading Culture (NRC), reportedly crashed, leaving many Nigerians stranded and unable to access their funds.
NRC operated as a task-based earning platform that required users to pay money to carry out simple daily tasks, with the promise of receiving heavily inflated and guaranteed returns.
A check by Tribune Online on Tuesday night showed that the scheme’s website, nrc.cc, was no longer accessible as of the time of filing this report.
The platform was founded in 2023 and claimed to have its headquarters in the United States.
Reacting to the development in a post on X on Tuesday, a user, @Babak17484770, wrote, “NRC don scam me oohh @DSS, @EFCC, @ICPC, help me ohh, money don dey go, make una help me call ham back.”
“I did NRC today with borrowed money and it’s closed today as well😭😞🤦 This is just bad luck. My enemy is finished 🤦 God help,” @FineYorubaboi lamented.
@Alexanderlinda wrote, “Told my mom since the first day that this NRC earning platform is a scam. Now it has crashed😭😭😭😭😭😭.”
“So NRC is gone too😂😂 Funny thing is many victims knew it was a ponzi scheme and they went ahead to do it,” @design_ghudy tweeted.
The development comes barely two months after another online investment platform, XM Future Music Group crashed, sparking outrage and concern among social media users after many subscribers were locked out of their accounts.
The platform had reportedly lured users with promises of unrealistic returns of up to 100 per cent within 30 days, claiming participants could make money by listening to music and completing online tasks.
Credit: Tribune
