From MMM to CBEX, here’s a list of Ponzi schemes that scammed Nigerians with sweet promises and left us heartbroken 💸
Dear Nigerians, Here’s a List of Ponzi Schemes That Played Us Like Kito Slippers 🚶♂️🚶♂️
So you see, once upon every December, Nigerians hear the magic words:
"Invest ₦10K today and earn ₦100K in 7 days."
And boom! We start dropping account numbers like rice at a wedding.
Let’s take a trip down heartbreak lane 🥲
2016: The Year of MMM and Broken Homes
MMM Nigeria landed like a spiritual revival.
Everyone shouted “Guiders, help me o!”
But after a few months, MMM said:
“We are on pause mode.”
And just like that, people started fasting not for blessings, but for refund 😭
Then came:
👉 Ultimate Cycler
👉 Twinkas
👉 iCharity
👉 Givers Forum
It was raining Ponzi, and Nigerians were dancing in it without umbrella.
2017: You’d Think We’d Learn. LOL, We Didn’t.
We welcomed NNN Nigeria like a prodigal brother.
SwissGolden came with “invest in gold” strategy.
But people later discovered it was just "Shine your eye, you’ve been played."
GCCH, Money Riot, NNU — they all chopped and cleaned mouth.
2018–2019: Bitclub and Loom Season
Someone said “crypto is the future,” and boom, Nigerians went all in.
Loom was like a WhatsApp cult.
“Add 8 people, wait 2 weeks, cash out big.”
Reality: 2 weeks later, your circle leader has blocked you. 🥲
2020: COVID and Ponzi Were Doing Tag Team
From InksNation to Racksterli, people were investing in “Blue Money” and “Digital Currency that gives rice.”
Meanwhile, the founders were in Dubai, eating chicken shawarma and ignoring your emails. 💀
2021–2023: They Got More Sophisticated
Names started sounding like fintech startups:
👉 86FB (betting meets Ponzi)
👉 Royal Q (crypto bot from the village)
👉 Chinmark Group (pastor + business = emotional scam)
👉 CALA Finance (na just call la investor collect am run)
People were still saying “This one different sha. The CEO went to Harvard.”
😂 And yet, Harvard no fit stop the crash.
2024–2025: AI Ponzi and Crypto Wahala
👉 Sidra Investment (fake version)
👉 WealthBuddy (only made your wallet buddy-broke)
👉 BitFinance Global (new name, same heartbreak)
👉 CBEX (Central Bank of Emotional Exploitation 😭)
Nigerians now use two apps daily:
📲 WhatsApp and 📉 Ponzi Tracker.
Moral of the Story?
If it promises quick money and zero work, run faster than a Lagos conductor avoiding LASTMA.
Ask yourself:
📌 “Is it real, or is it Racksterli in disguise?”
📌 “Is the return realistic, or should I start crying in advance?”
Stay woke. Stay broke in peace if you must. But don’t go from “Investor” to “Testifier of Tears.”
🚶♂️🚶♂️🚶♂️🚶♂️🚶♂️🚶♂️🚶♂️🚶♂️
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