Many Nigerians have taken to social media to allege that the online investment platform known as National Reading Culture (NRC) has crashed, leaving users unable to withdraw their funds.
Since Tuesday, Facebook, X (formerly Twitter), and other social media platforms have been flooded with complaints from users who claim they invested money in the platform but can no longer access their accounts or withdraw their earnings.
According to reports, NRC operated as a task-based earning platform, encouraging users to complete activities such as reading articles, clicking links, and referring new members while promising unusually high returns on deposited funds.
Some users also paid into higher investment tiers with the expectation of earning larger profits.
Several affected users shared emotional stories online, claiming they invested personal savings or borrowed money before the platform reportedly became inaccessible.
A check by multiple news outlets found that the platform’s website was no longer accessible, fueling fears that the scheme may have collapsed.
The incident has drawn comparisons with previous alleged Ponzi schemes that operated in Nigeria by promising unrealistic returns before shutting down.
Financial experts have repeatedly warned Nigerians to be cautious of investment platforms that guarantee high or quick profits, noting that legitimate investments always involve risk and do not promise fixed, extraordinary returns.
As of the time of filing this report, there has been no verified public statement from the operators of NRC addressing the complaints.