This is Naracle , yet another Ponzi scams that promises bogus pay back claims to woo greedy investors who want to reap where they did not sow.
It is not rocket-science to deduce that this is purely scam based on the information available on the scheme’s website as it promises to reward up to ₦40,000 in less than 7days with just ₦1,500 and up to ₦640,000 in less than 1(ONE) Month.
Although, the statement encouraging investors to register is a bit conditional but, it is just a way of appealing to people’s emotions to join the train. This is how it appears on the website, ‘NB: Join only if YOU ARE READY. Once you register, you’ll have a deadline of 12hrs to pay ₦1,500 to your sponsor.’
‘People find it hard to believe but yes it is possible, anyone can get rich if they choose to be Join only if YOU ARE READY’
One dangerous attribute here is the means of communication, the scheme vcan only be reached via email, neither do they have a registered address.
Nigerians have been warned by the Central Bank (CBN) not to invest in unauthorized institution institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC).
For the religious, the holy book advises to flee away from all appearance of evil, but it appears that many Nigerians are still falling for the soothing words and enticing display of cash. You will also be shocked that this is encouraged in some worship places.
Wondering why these guys thrive? They basically promote funny interest rates that commercial banks cannot offer, and by so doing, many are attracted who later encourage their friends.
Just like other pyramid schemes, MMM failed, Naracle will also leave its members with nothing and hatred from friends they introduced. End of story.