4. Get Help Worldwide (GHW)
GHW promised investors quick and substantial profits through a donation system. Thousands joined hoping to multiply their money, but the scheme later failed, leading to widespread losses.
5. Loom Money Nigeria
Loom gained popularity through social media and WhatsApp groups. Participants were encouraged to recruit others into a “blessing circle” with promises of eight times their investment. The scheme eventually collapsed when recruitment slowed.
6. Racksterli
Racksterli presented itself as an advertising platform where users earned money for viewing advertisements. It promised unrealistic returns and later shut down, leaving many investors unable to recover their funds.
7. MBA Forex
MBA Forex claimed to be a legitimate forex trading and investment company. Thousands of Nigerians invested large sums before withdrawals became difficult and allegations of fraud emerged.
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