NRC Ponzi Scheme Crashes, Borrowed Funds Locked Out

An online investment platform known as NRC has collapsed, leaving many users unable to withdraw their money. NRC operated on a task-based model, promising guaranteed, inflated returns for simple daily tasks. The scheme’s website went offline suddenly, trapping deposits — including funds borrowed by some users. Social media users reacted with frustration and called on anti-graft agencies to intervene. Many lamented their losses, admitting they had invested despite knowing it felt too good to be true. This collapse follows the recent downfall of XM Future Music Group, another task-based earning site that shut down and sparked similar outrage.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.