These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into.
What is a Ponzi scheme?
A Ponzi scheme is a scam whereby old investors are paid with proceeds of investment from old investors. Because the scheme require newer investors, it often end up collapsing leaving fresh investors with huge losses.
Many of the them are ponzi scams, pyramid schemes and cryptocurrency schemes that require its members to buy packages into a fake digital currency that has no value outside of the group.
While many have collapsed, many others are being started every day. PageOne.ng does not support or back any Ponzi scheme and we advise our readers stay away from them.
We will continue to update the list from time to time.
| Name | Owner | Type of Scheme | Status |
|---|---|---|---|
| MMM Nigeria | Sergei Mavrodi | Ponzi scheme | Collapsed/Restarted |
| Unknown | Ponzi scheme | Collapsed | |
| Unknown | Ponzi scheme | Collapsed | |
| Naracle | Kingsley Sunday | Ponzi scheme | Collapsed/Closed |
| Naira Donation | Unknown | Ponzi scheme | Active |
| Claritta | Unknown | Ponzi scheme | Collapsed/Restarting |
| Citifund | Unknown | Ponzi scheme | Collapsed/Closed |
| Supernaira | Unknown | Ponzi scheme | Active |
| Trippleup | Unknown | Ponzi scheme | Active |
| Loopers | Unknown | Ponzi scheme | Collapsed/Restarting |
| Twinkas | Unknown | Ponzi scheme | Collapsing |
| Happy World Meal | Unknown | Pyramid scheme | Active |
| OneCoin | Unknown | Cryptocurrency scam | Collapsing/Frozen |
| Africoin | Unknown | Cryptocurrency scam | Active/Status unclear |
| Swisscoin | Werner Marquetant | Cryptocurrency scam | Active/Status unclear |
| Paytoday | Unknown | Pyramid scheme | Collapsed |
| My Liberty Life | Unknown | Pyramid scheme | Active |
| Donation Hub | Unknown | Ponzi scheme | Collapsed/Restarting |
| Entercrypto | Unknown | Cryptocurrency scam | Collpased/Closed |
| Mavrocoin | Unknown | Ponzi scheme | Collapsed/Status unclear |
| Givers Forum | Unknown | Ponzi scheme | Collapsed/Status unclear |
| Bitkins | Unknown | Ponzi scheme | Active |
| MMM West Africa | Unknown | Ponzi scheme | Status unclear |
| NNN Nigeria | Unknown | Ponzi scheme | Status unclear |
| Givers Alliance | Unknown | Ponzi scheme | Launch in progress |
| Fast Recycler | Unknown | Ponzi scheme | Active/New |
| Esusu | Unknown | Ponzi scheme | Active/New |
| Giverscorner | Unknown | Ponzi scheme | Active/New |
| Ultimate Cycler | West Fred | Ponzi scheme | Collapsed/Restarting |
| Cashpipe | Unknown | Ponzi scheme | Active/New |
| Changing Lives Online | Unknown | Ponzi scheme | Active/New |
| Naija ATM | Unknown | Ponzi scheme | Active/New |
| Dualfunds | Unknown | Ponzi scheme | Active/New |
| Pyramid Pay | Unknown | Ponzi scheme | Active/New |
| Tine God Networks | Unknown | Ponzi Scheme | Closed by SEC |
| Marian Moses | Moses Samanja | Ponzi Scheme | Closed by SEC |
| Pay Titans | Unknown | Ponzi Scheme | Active |
| Easywealth | Unknown | Ponzi Scheme | Active |
| Alwayspays | Unknown | Ponzi scheme | Collapsed |
| Xnaira | Unknown | Ponzi scheme | Active/New |
| MMM Returns | Sergey Mavrodi* | Ponzi scheme | Status unclear |
| 247Helpers | Unknown | Ponzi scheme | Status unclear |
| Globaclock | Unknown | Ponzi scheme | Active/New |
| Sixhourspay | Unknown | Ponzi scheme | Active/New |
| Loudbar | Unknown | Ponzi scheme | Collapsing |
| Foster Funds | Unknown | Ponzi scheme | Active/New |
| Cashspina | Unknown | Ponzi schme | Active/New |
| Communalfund | Unknown | Ponzi scheme | Active/New |
| Twinloops | Unknown | Ponzi scheme | Active/New |
| Surebanker | Unknown | Ponzi scheme | Status unclear |
| Chistian Jombo | Pyramid scheme | Status unclear | |
| Googlenaira | Unknown | Ponzi scheme | Status unclear |
| bigbankalert | Unknown | Ponzi scheme | Scammed investors |
| Loversdonor | Unknown | Ponzi scheme | Status unclear |
| Moneyspillage | Unknown | Ponzi scheme | Status unclear |
| Nairabill | Unknown | Ponzi scheme | Status unclear |
| Paylords | Unknown | Ponzi Scheme | Status unclear |
| Swampool | Unknown | Ponzi scheme | Status unclear |
| Eggcycle | Unknown | Ponzi scheme | New |
| Engofor | Diego van der Veen | Ponzi scheme | Frozen by AFM |
| Apex Forum | Unknown | Ponzi scheme | New |
| MFunds.Club | Unknown | Ponzi scheme | New |
| Pairme | Unknown | Ponzi scheme | New |
| Kash Doubler | Unknown | Ponzi scheme | New |
| Monibox | Unknown | Ponzi scheme | New |
| Goldearn | Unknown | Ponzi scheme | New |
| Reget Cash | Unknown | Ponzi scheme | New |
| Emiratefunds | Unknown | Ponzi scheme | New |
| Donorbiz | Unknown | Ponzi scheme | New |
| Ogafunds | Unknown | Ponzi scheme | New |
| Bountifulcash | Unknown | Ponzi scheme | Status unclear |
| NetElites | Unknown | Ponzi Scheme | Status unclear |
| Tetrismart | Unknown | Ponzi scheme | Status Unclear |
| Kindgivers | Unknown | Ponzi scheme | Status Unclear |
| Cycle2z | Unknown | Ponzi scheme | Status unclear |
| 1Goalfunding | Unknown | Ponzi scheme | Status unclear |
| Mapurse | unknown | Ponzi scheme | status unclear |
| Liquid Cash | Unknown | Ponzi scheme | Status unclear |
| Gainmore | Unknown | Ponzi scheme | status unclear |
| Trustfund | Unknown | Ponzi scheme | status unclear |
| Naijapay | Unknown | Ponzi scheme | status unclear |
| Naira Propeller | unknown | Ponzi scheme | status unclear |
| Paymatch | Unknown | Ponzi scheme | status unclear |
| Makenaira | unknown | Ponzi scheme | status unclear |
| Bankzila | Unknown | Ponzi scheme | status unclear |
| Pocketnaira | Unknown | Ponzi scheme | status unclear |
| Futuredoor | unknown | Ponzi scheme | status unclear |
| Helpersregion | Unknown | Ponzi scheme | status unclear |
| Nerodesk | Unknown | Ponzi scheme | status unclear |
| Moneyboxflash | Unknown | Ponzi scheme | status unclear |
| Optimumcash | Unknown | Ponzi scheme | status unclear |
| Lifesavers | Unknown | Ponzi scheme | status unclear |
| Maxgivers | Unknown | Ponzi scheme | status unclear |
| Mutual Grant | Unknown | Ponzi scheme | status unclear |
| Cashfreecommunity | Unknown | Ponzi scheme | status unclear |
| Excellent Finance | Unknown | Ponzi scheme | status unclear |
| Cashclubing | Unknown | Ponzi scheme | status unclear |
| Xtracapital | Unknown | Ponzi scheme | status unclear |
| Savefunds | Unknown | Ponzi scheme | status unclear |
| Bizzfund | Unknown | Ponzi scheme | status unclear |
| Nairaroute | Unknown | Ponzi scheme | status unclear |
| MoneyVan | Unknown | Ponzi scheme | status unclear |
| WealthChampions | Unknown | Ponzi scheme | status unclear |
| Piuni | Unknown | Ponzi scheme | status unclear |
| Tgetherfunds | Unknown | Ponzi scheme | status unclear |
| Dualhelp | Unknown | Ponzi scheme | status unclear |
| pairporte | Unknown | Ponzi scheme | status unclear |
| MMM Empire | Unknown | Ponzi scheme | status unclear |
| Fixxit | Unknown | Ponzi scheme | status unclear |
