₦airaland Forum

The "National Reading Culture (NRC)" was a task-based "read-and-earn" platform targeting Nigerians with promises of daily income for reading digital novels.

However, investigations confirm that NRC has crashed, leaving thousands of investors unable to withdraw their funds.

The Operation: Users were required to pay "VIP level" registration deposits (ranging from ₦18,900 to ₦174,000) and complete simple reading tasks daily to earn supposedly high, guaranteed returns.

The Outcome: The site unexpectedly shut down and operators vanished, leading to the loss of billions of naira for users.

NRC Ponzi scheme has crashed. I never knew so many people invested in that scheme. Tears everywhere 😭😭😭
But why should a national TV like @NTANewsNow be advertising a Ponzi scheme?

NRC Ponzi scheme has crashed. I never knew so many people invested in that scheme. Tears everywhere 😭😭😭
But why should a national TV like @NTANewsNow be advertising a Ponzi scheme? pic.twitter.com/k6e47yw72k

— Lawry (@larrizy) July 7, 2026

So, NRC has crashed.

The funny thing is, someone had been seriously persuading me to join. She wanted me to register, but I refused. She explained everything, but I still wasn't convinced.

She even went ahead and registered me with her own money, expecting me to pay her back later. I simply told her, "Take the account and manage it yourself. I'm not interested."

From that day, she stopped talking to me.

I just heard that the platform has crashed, and people have lost their money.

The painful part is that people hardly ever learn. Give it some time, another platform will come with a different name, make the same promises, and many people will still rush into it.

Source

My colleague had over ₦2 million invested in NRC.

I warned him that it would crash very soon because he joined late, but he insisted everything was fine.

His confidence came from the fact that his pastor introduced him to it, and many members of their church had also invested.

What surprises me now is that, even after everything that has happened, he still believes it's just a temporary issue with the website.

He hasn't accepted that the platform has crashed...

Source

Person see website like this and invest their hard earned money on it

nlfpmod:
The "National Reading Culture (NRC)" was a task-based "read-and-earn" platform targeting Nigerians with promises of daily income for reading digital novels.

However, investigations confirm that NRC has crashed, leaving thousands of investors unable to withdraw their funds.

The Operation: Users were required to pay "VIP level" registration deposits (ranging from ₦18,900 to ₦174,000) and complete simple reading tasks daily to earn supposedly high, guaranteed returns.

The Outcome: The site unexpectedly shut down and operators vanished, leading to the loss of billions of naira for users.

NRC Ponzi scheme has crashed. I never knew so many people invested in that scheme. Tears everywhere 😭😭😭
But why should a national TV like @NTANewsNow be advertising a Ponzi scheme? pic.twitter.com/k6e47yw72k

— Lawry (@larrizy) July 7, 2026

Source



Source

the owner is even on nairaland but I won't tag him

Amovingman:
Person see website like this and invest their hard earned money on it the owner is even on nairaland but I won't tag him

Even if ten new ones begin today, people will still "invest".
Foolishness through greed is a deadly habit!

In collaboration with federal government of zoo

Each day, a fool wakes up. Not sure why these schemes are still effective in 2026. How do so many people remain dumb each time? Shocking

I no ear about am sa! Nigerians are always gullible

These people are so heartless and they only do this nonsense in poor and third world countries

What's that thing again I said about having sympathy for Africans?

You mean people are still falling victims to ponzi schemes in 2026?
If we had a responsible government that cares for its citizens, before this investment entities are allowed to operate, they would be asked to depot security funds with the CBN.

Don't be surprised that these Ponzi schemes operators bribe government officials for licenses to operate without due diligence with the intent to defraud the poor citizens. Even the name National Reading Culture (NRC) sounds like an agency. It reminds me of the scandal involving one Chief Of Staff Thief Of Staff.

Amovingman:
Person see website like this and invest their hard earned money on it the owner is even on nairaland but I won't tag him

You should tag him for cashing out massively.

We keep telling people to leave PONZI and “get rich” quick mentality alone, but they never learn .

I sincerely congratulate those who participated in it

THEY DESERVE IT AND MORE.

Things like this never gets to me because I will never be interested!! How dull and stupid can people be!!?? No wonder they're still thinking of voting Yekini and his useless Alakara wife!

You saw seminar with "Earn N50K/day" and you know, with your CV, you shouldn't be earning more than N50K/month yet you don't know it's a scam?

Mugu fall, Guy man chop. Nairaland reading is more than enough

nigerians with all our kati kati we no dey learn anything. poverty and greediness na him dey cause all dis nonsense

Nigerians no dey ever learn... Always trying to prove smart thereby looking st*p*d at the end

For this life agaiñ.all those one's wey do do people and some still the invest for another.who do us this THING.

When you people are joining the scheme,e Dey do una like secret cult,to post it is always a problem but when it crashes you will come out and cry for public sympathy.

Every second a sucker is born and every minute a conman is made

Lol, learning about this Scheme for the first time.
I never even imagined anything ponzi would still thrive in this country. After past ugly experiences.

People are just greedy and insatiable. They never learn.

Nigerians are so easy to scam sha!

This is clearly a scheme na. Greed
How do you intend to earn those kinds of money by just reading something on some temu app? Where's the logic? Where's the money coming from? Why do you have to pay to read or be promoted? Make it make sense please.

nigerians with all our kati kati we no dey learn anything how many times dem go tell people against all dis nonsense schemes. poverty and greediness na him cause am

Zehdbe:
nigerians with all our kati kati we no dey learn anything how many times dem go tell people against all dis nonsense schemes. poverty and greediness na him cause am

God1000:
These people are so heartless and they only do this nonsense in poor and third world countries

it is God that creates heartless people for the sake of greedy people

Saw it on TikTok..

A guy showed he lost almost 5m..

1.5 trillion naira just disappeared from millions of foolish people into the pockets of thieves.

God created heartless people for the sake of greedy and selfish people.
I don't need to pity those that lost or waste their money.

Some people will still never learn no matter how they're cautioned.
Anyway, the next ponzi scheme is watching closely & preparing on how to deceive gullible people.

Before you invest money into something, ask yourself what is the viability of that? How do I make money when other people read stories online? Are the stories premium or freemium? what is the angle? People can't be this gullible.

There should be a law that criminalizes anyone who claims to have lost money to a Ponzi scheme, and that empowers Ponzi organizers to sue their victims for being victims of the Ponzi.

We need that law.