Nigerian social media users are in an uproar after another online investment platform, National Reading Culture (NRC), allegedly crashed, leaving thousands unable to access their funds.
A check on Tuesday night confirmed that the scheme’s website, nrc.cc, was no longer accessible at the time of filing this report.
NRC launched in 2023 and claimed to have its headquarters in the United States. The platform operated as a task-based earning scheme where users were required to pay money to carry out “simple daily tasks” online with promises of heavily inflated and guaranteed returns.
The crash triggered an outpouring of frustration, regrets, and warnings on X. One 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.”
Another user, @FineYorubaboi, lamented: “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.”
@Alexanderlinda also posted: “Told my mom since the first day that this NRC earning platform is a scam. Now it has crashed😭.” While @design_ghudy tweeted: “So NRC is gone too😂 Funny thing is many victims knew it was a ponzi scheme and they went ahead to do it.”
The NRC collapse comes barely two months after XM Future Music Group crashed. That platform had also locked subscribers out of their accounts after promising unrealistic returns of up to 100% within 30 days for “listening to music and completing online tasks.”
Financial experts and the EFCC have repeatedly warned Nigerians to be wary of platforms that guarantee unrealistic returns, ask for upfront payment to do simple tasks, and have no verifiable registration with the CBN or SEC.
As of the time of filing this report, there has been no official statement from NRC, EFCC, or other authorities on the crash or possible recovery of funds.
Victims have been advised to report to the EFCC through official channels and to avoid paying any “agent” who promises to help recover their money.
