Media reports about the crash of the website of one of the ponzi schemes in Nigeria, Ultimate Cycler, has unsettled Nigerians who have invested their money in a similar scheme known as MMM Nigeria.
The Ultimate Cycler acclaimed popularity among Nigerians following its promise to pay 300% return to its investors within 45 days.
Source: naij
The Ultimate Cycler acclaimed popularity among Nigerians following its promise to pay 300% return to its investors within 45 days.
The huge return on investment offered by the scheme lured many to join it with some even abandoning MMM Nigeria which offers 30% returns on investment.
But as reports filtered in on Thursday morning, December 2, around 10.30am that the site had Crashed sent a wave of panic among Nigerians who have patronize similar schemes.
Participants of the Ultimate Cycler took to
social media to express their frustration about their inability to log into their account.
Similarly, some investors in the MMM Nigeria prayed for divne intervention to avoid a similar fate.
One participant who does not want to be named told Naij.com that he has been praying for the scheme not to crash until he recuperates his investment.
He however added once he gets back his money which he hopes would come in December, he would take a break and watch to see if the scheme survives till January before investing again.
Similar sentiment was shared by other MMM participant who told Naij.com that they were praying fervently for the scheme not to crash.
As at the time of filing this report, the ponzi website has still not come up, however, many are watching eagerly to know if the site will again be activated, till then, the ultimate question is, does this mark the end for Ultimate Cycler?
Source: naij
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