The “National Reading Culture (NRC)” was a task-based “read-and-earn” platform targeting Nigerians with promises of daily income for reading digital novels.

However, investigations confirm that NRC has crashed, leaving thousands of investors unable to withdraw their funds.

The Operation: Users were required to pay “VIP level” registration deposits (ranging from ₦18,900 to ₦174,000) and complete simple reading tasks daily to earn supposedly high, guaranteed returns.

The Outcome: The site unexpectedly shut down and operators vanished, leading to the loss of billions of naira for users.

NRC Ponzi scheme has crashed. I never knew so many people invested in that scheme. Tears everywhere 😭😭😭
But why should a national TV like @NTANewsNow be advertising a Ponzi scheme?

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So, NRC has crashed.

The funny thing is, someone had been seriously persuading me to join. She wanted me to register, but I refused. She explained everything, but I still wasn’t convinced.

She even went ahead and registered me with her own money, expecting me to pay her back later. I simply told her, “Take the account and manage it yourself. I’m not interested.”

From that day, she stopped talking to me.

I just heard that the platform has crashed, and people have lost their money.

The painful part is that people hardly ever learn. Give it some time, another platform will come with a different name, make the same promises, and many people will still rush into it.
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My colleague had over ₦2 million invested in NRC.

I warned him that it would crash very soon because he joined late, but he insisted everything was fine.

His confidence came from the fact that his pastor introduced him to it, and many members of their church had also invested.

What surprises me now is that, even after everything that has happened, he still believes it’s just a temporary issue with the website.

He hasn’t accepted that the platform has crashed…