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AT A GLANCE: Twinkas, MBA Forex… Nigerians name ‘fraudulent’ investments

AT A GLANCE: Twinkas, MBA Forex… Nigerians name ‘fraudulent’ investments
March 29
15:19 2021

In recent years, Nigerians have been victims of various ponzi schemes ranging from MMM to Loom.

Despite the widespread reach and eventual collapse of these businesses, it appears that Nigerians are losing their money to other investment schemes.

On Sunday evening, Kalu Aja, a financial planner and economic strategy consultant, requested that people share their experiences with ponzi schemes.

In response, Nigerians on Twitter began to list the names of the companies that allegedly obtained money from them using the guise of investment and disappeared.

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At the time of filing this report on Monday afternoon, the tweet had garnered over 8,800 interactions including comments, likes and retweets.

Here are some of the companies listed in the comments section of the tweet:

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  • GetHelp
  • MMM
  • Ultimate Cycler
  • Twinkas
  • TheMap.ng
  • Tonso Elites
  • MBA Forex
  • Megawill Integrated Global Investment Company
  • B2 Consults
  • Swiss Gold Market
  • Wales Kingdom Capital
  • Quintessential Investment Company
  • Ortseam Evolution Ventures
  • Clickella
  • SAMFX Investment
  • Micheno Ventures
  • Cash Cloud
  • Eseka Chukwutem Gospel Investment Company (ECG)
  • Luxuriant Wealth
  • Chaingroup.com
  • Abadini Rice Group
  • Standard Elite Investors
  • Arerben Investment Limited
  • DNG Investment
  • Steady Profitability
  • Ifecco LTD
  • HB4 Universal Company
  • Pennywise
  • Racksterly
  • Flagship Asset Managers
  • Holibiz Finance Limited
  • Crust.ng
  • Bobosco FX
  • Priority Investment Forum
  • Menorah Farms
  • Tellerforex
  • Levitus Trade

Editor’s note: The list was curated based on investors’ accounts of their dealings with the companies.

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