There are no official message from the owners of NairaCash but report reaching NAIJ.com has it that the Ponzi scheme has crashed.
Before its collapse, the scheme promised investors 200% of their investment within seven days.
There are different Participation levels ranging from N5,000, N10,000, N20,000, N30,000, N40,000 and N50,000.
Investors were urged to cycle as many times as they want for unlimited income potential as the system automatically merges them with persons who will pay them. There was also no waiting to get referral.
But according to an investor, Sunday, in the scheme, he and other investors can no longer access their accounts.
Sunday said that old members can’t login with their details again as the owners of the Ponzi scheme have advised investor to forget their monies.
He said: “A new platform called nairacash.org has part away with my #100000.00. After their successful upgrade, old members can’t login with their details again telling them that they’re deeply sorry for their money lost.
“All efforts to reach them through email@example.com and firstname.lastname@example.org has failed. The email address is fake and is not going through.”
Recall that there was panic on Tuesday, December 13, 2016, among participants when the popular Ponzi scheme MMM froze all confirmed Mavros, saying it would resume operations after one month.
The scheme had said it would resume on January 14 but it has resumed a day earlier.
However, it is close to a month since the Ponzi scheme came back but members have not been able to get back their money.