₦airaland Forum

This is a video of an agitated woman filming herself and a crowd outside a Baxi building, repeatedly shouting "Baxi is gone" in distress over inaccessible funds and services.

Baxi is a licensed fintech super-agent network owned by Onafriq, providing POS terminals and payment solutions in Nigeria since its acquisition in 2022, not an investment or Ponzi scheme.

Current transfer and withdrawal issues stem from reported technical glitches, triggering widespread user frustration in a country familiar with frequent Ponzi collapses and fintech outages.

Lady lamented as another Ponzi scheme crashed…. Which one be Baxi again abeg😭💔 pic.twitter.com/0d0SBNQH51

— Oyindamola🙄 (@dammiedammie35) June 25, 2026

Baxi isn’t a Ponzi scheme. It’s a legitimate Nigerian fintech company that has been operating for years, known for its POS terminals and services like money transfers, bill payments, and TV subscriptions.

What you’re seeing is likely users reacting to a service disruption, delayed transactions, or temporary access issues.

Looks more like another episode of fintech downtime than anything else.

Baxi isn’t a Ponzi scheme. It’s a legitimate Nigerian fintech company that has been operating for years, known for its POS terminals and services like money transfers, bill payments, and TV subscriptions.

What you’re seeing is likely users reacting to a service disruption,…

— Smart👨‍💻 | Software Engineer (@smartnakamoura) June 25, 2026

About Baxi

Baxi is a prominent digital payment, agent banking, and distribution network in Nigeria (now part of Onafriq). It enables merchants and agents to process transactions, pay bills, and offer financial services to consumers.

Depending on your specific needs, the Baxi platform offers several distinct features and solutions:

Agent Banking & POS: Agents use Baxi POS machines (ranging from ₦10,000 to ₦80,000 depending on the model) to process transactions, transfer money, and earn commissions on local financial services.

Baxi Mobile App: An all-in-one platform for individuals to buy airtime/data, pay utility bills (electricity, TV subscriptions), and send or receive money.

Business Solutions: Provides merchants with payment aggregation, digital product distribution, and cross-border money transfer capabilities.

Gone where? I reject it o, owo olowo. But wait o, social media done affect some people brain.

LOBATAN!

on a lighter note, baxi may be struggling with glitches and network related issues .

Madam should be calming down.

Let her not spread unnecessary fear among baxi users.

Nigerians and false alarm!

Fintech is not for the faint of heart

Lol…I no trust all these fintech for one day…e better make my money disappear for Uba than make e disappear for palmpay

Okay... The system is actually breeding what we have in Aso Rock. The country itself is already been scammed and so it goes

When we tell you people to stay with Opay you said no , now see . The most reliable platform like Opay no dey ✌️

How does that concerns us now?

E be like say ponzi na the new way to infinite wealth in this generation o...






Abeg I want start my own too.


Make una patronize me ó. Good return on your money assured for the main time!

COME ONE, COME ALL.


NB. BABALÁWO AND THEIR PIKIN ARE NOT QUALIFIED O

Toluwanise247:
When we tell you people to stay with Opay you said no , now see . The most reliable platform like Opay no dey ✌️

You are just a child with a phone

IAM4BAT4plus4:
E be like say ponzi na the new way to infinite wealth in this generation o...






Abeg I want start my own too.


Make una patronize me ó. Good return on your money assured for the main time!

COME ONE, COME ALL.


NB. BABALÁWO AND THEIR PIKIN ARE NOT QUALIFIED O

U know say Nigerians no Dey get sense for inside Naija,Na only when we see mumu we Dey get sense..

Dzzzz:
U know say Nigerians no Dey get sense for inside Naija,Na only when we see mumu we Dey get sense..

Lol 😂



I tell you my brother

AWS billed them too much so CTO pulled the plug.

That chymall guy don japa, even when e don dey published he was a scammer, e go make press statement say e go sue the people wey say e don scam people say e go soon run commot, not knowing that that period of sueing nahim e wan use japa. B4 one week of his socalled sueing, e don japa

IAM4BAT4plus4:
Lol 😂



I tell you my brother

if Nigerian man travel out now,E go show say e get sense..But,Nigerian man wey Dey inside naija no Dey ever get sense..That’s why other countries Dey look us say “WE NO GET SENSE”..

The FINTECH is industry is full of rogue whose intentions are just to raise funds and chop investors money then close down all in the name of unfavorable markets.

Godfullsam:
LOBATAN!

on a lighter note, baxi may be struggling with glitches and network related issues .

Madam should be calming down.

Let her not spread unnecessary fear among baxi users.

And don't be surprised her oversabi will cost the poor Fintech company so much money

Kaczynski:
AWS billed them too much so CTO pulled the plug.


If you're not running ya own servers you're ngmi.

I beg to differ how much gan AWS dey bill monthly compared to the profit most this guys make , as a SAAS entrepreneur the highest some of this FINTECH could pay is around 1k USD monthly and that's even when they are running on GPU. FINTECH CEOs are mostly low key Yahoo bois

Kaczynski:
AWS billed them too much so CTO pulled the plug.


If you're not running ya own servers you're ngmi.

must they use aws services? There are other cheaper options that are 3 to 5x cheaper than aws. AWS and Gcloud are premium providers and also armed rubbers when it comes to pricing.

All these fintechs are a bomb waiting to explode

The poor are the source of wealth for the rich. You will never see the wealthy Nigerians using these fintechs it is only the poorest Nigerians

oluwaseyi0:
Fintech is not for the faint of heart

Is it Fintech or fly by night?.

IBB007:
Lol…I no trust all these fintech for one day…e better make my money disappear for Uba than make e disappear for palmpay

but larger percentage of the population goes to fintech for emergency loan,, instant confirmation of transfers...

I had a similar experience, I wanted to transfer 50,000 to a manager who was assisting me with CASH at a filling station, the money disappeared from my POS screen before I could even enter the Manager's GTB account.

I quickly invited my business manager, the guy that sold the BAXI POS to me and who happened to be a school mate (university), he told me I was lying.

We are not in talking term till now.

BAXI has been stealing money from POS agents from time immemorial.

I don’t speak “owo ti ti so kinbe. To ri olo.” Na them know. When the thing favoured them, they only told family members. E don collapse. Person no go hear word again.

A child on Nairaland claimed I should patronize these companies and discard mainstream banks. Who I go hold when my life savings disappear overnight?

Godfullsam:
LOBATAN!

on a lighter note, baxi may be struggling with glitches and network related issues .

Madam should be calming down.

Let her not spread unnecessary fear among baxi users.

It's not fear. Baxi has been having network issues since late last year.

Someone I knew spent six months running around to retrieve 500k though she has been reimbursed.

AKWATGOLD1:
I hope other fintech like OPAY, PALM PAY etc will crash like BAXI.

Opay can't crash. The probability is low.

That doesn't mean you should 100% trust them.

Toymax88:
I had a similar experience, I wanted to transfer 50,000 to a manager who was assisting me with CASH at a filling station, the money disappeared from my POS screen before I could even enter the Manager's GTB account.

I quickly invited my business manager, the guy that sold the BAXI POS to me and who happened to be a school mate (university), he told me I was lying.

We are not in talking term till now.

BAXI has been stealing money from POS agents from time immemorial.

Why didn't you make serious inquiries?

Their agents are too lazy, exploitative and have lackadaisical attitudes.

IAM4BAT4plus4:
E be like say ponzi na the new way to infinite wealth in this generation o...






Abeg I want start my own too.


Make una patronize me ó. Good return on your money assured for the main time!

COME ONE, COME ALL.


NB. BABALÁWO AND THEIR PIKIN ARE NOT QUALIFIED O

PH and GH levels.

Bring chicken, collect cow.

When you carry your money go there, did you ask "omo Nigeria" for their opinion

Abeg carry your cross