₦airaland Forum

‘I did it with borrowed money’: Reactions as another Ponzi scheme, NRC, crashes

Social media users have reacted with frustration after another online investment platform, National Reading Culture (NRC), reportedly crashed, leaving many Nigerians stranded and unable to access their funds.

NRC operated as a task-based earning platform that required users to pay money to carry out simple daily tasks, with the promise of receiving heavily inflated and guaranteed returns.

A check by Tribune Online on Tuesday night showed that the scheme’s website, nrc.cc, was no longer accessible as of the time of filing this report.

The platform was founded in 2023 and claimed to have its headquarters in the United States.

Reacting to the development in a post on X on Tuesday, a user, @Babak17484770, wrote, “NRC don scam me oohh @DSS, @EFCC, @ICPC, help me ohh, money don dey go, make una help me call ham back.”

“I did NRC today with borrowed money and it’s closed today as well😭😞🤦 This is just bad luck. My enemy is finished 🤦 God help,” @FineYorubaboi lamented.

@Alexanderlinda wrote, “Told my mom since the first day that this NRC earning platform is a scam. Now it has crashed😭😭😭😭😭😭.”

“So NRC is gone too😂😂 Funny thing is many victims knew it was a ponzi scheme and they went ahead to do it,” @design_ghudy tweeted.

The development comes barely two months after another online investment platform, XM Future Music Group crashed, sparking outrage and concern among social media users after many subscribers were locked out of their accounts.

The platform had reportedly lured users with promises of unrealistic returns of up to 100 per cent within 30 days, claiming participants could make money by listening to music and completing online tasks.

nlfpmod:
https://tribuneonlineng.com/i-did-it-with-borrowed-money-reactions-as-another-ponzi-scheme-nrc-crashes/

Richtaiwo:
As long as people keep chasing shortcuts instead of earning an honest living, scams will never run out of customers. Swindling someone who works hard for a living is no easy task, but those obsessed with free money make the fraudsters' job effortless. Stay away from betting and every other get-rich-quick fantasy. Nothing is free, not even in heaven.

Lionize:
Ponzi may never end in Nigeria, until Nigerians cut down on greed, and perhaps the economy improves to allow clear-headed thinking.

Beautifulday:
A serious government will end it by arresting the scammers and putting them behind bars

EdiskyHarry:
Gad p#nishh you for being st#pid and bringing shame upon Nigeria

fmlala:
Nigeria can never learn, and funny enough, some of the people who delved into this scheme are the ones shouting that 50k can not start Akara business but can start a ponzy business

Amovingman:
The owner of that website is on programming section you supposed to ban him from your forum people's see website like that still invest their money there

To make money in Nigeria is very easy

Sheuns:
Looking at the website, you can easily tell something is off.