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XM Future Music Allegedly Crashes, Nigerians Cry Out Over Suspected Ponzi Scheme.

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Another online investment platform known as XM Future Music Group, popularly called XM, has reportedly collapsed, leaving thousands of Nigerian investors unable to access their funds and sparking fresh fears over the spread of suspected Ponzi schemes in the country.....KINDLY READ THE FULL STORY HERE▶

The platform allegedly lured users with promises of up to 100 percent returns within 30 days, claiming profits were generated through music streaming and digital task activities.

Promoters of the scheme told subscribers they could earn money simply by listening to music and completing online tasks, a narrative that reportedly attracted large numbers of Nigerians searching for quick financial gains.

Reports indicate that investment packages on the platform ranged from ₦21,600 to as high as ₦93 million, with claims that even a ₦21 million investment could yield about ₦327 million in one month.

Users were also reportedly asked to pay additional “work deposits” after an initial trial phase before gaining full access to the platform’s earning system.

Despite early warnings from skeptics, many investors went ahead due to the promise of unusually high returns.

Withdrawal Issues And Sudden Shutdown

Trouble began when users started experiencing failed withdrawal requests within the last 24 hours.

Some subscribers also claimed that support groups linked to the platform were abruptly deleted, while access to the website and communication channels was lost.

By Wednesday, May 13, the XM website reportedly went blank, with users seeing only a white page, further deepening fears of a total collapse.

The situation has left many investors devastated, with reports emerging that some victims have been hospitalized due to shock, especially in parts of the South-West.

Several individuals said they invested life savings, while others reportedly borrowed money, sold assets, or used school fees in hopes of huge returns.

Screenshots shared online also showed deposit records and earnings claims from the platform before it went offline, as angry users flooded social media with complaints.

Claims Of US Registration

Promoters had earlier circulated documents claiming the company was registered in Colorado, United States, in an apparent bid to build credibility.

However, the collapse has once again highlighted growing concerns over unregulated online investment platforms targeting Nigerians amid economic hardship.

Regulatory bodies such as the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have repeatedly warned citizens against schemes promising unrealistic and guaranteed returns.

Financial experts also note that legitimate investments rarely offer extremely high profits within short periods, especially without transparent operations or regulatory approval.

Pattern Of Past Schemes

The development adds to a long list of collapsed Ponzi-style schemes that have previously defrauded Nigerians, including MMM Nigeria, MBA Forex, Chinmark Group, Racksterli, InksNation, Crowd1, QNet, and others, which collectively left victims with massive financial losses.

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WHO Speaks On Ebola Fears, Reveals Number Of People Under Close Monitoring In Nigeria.

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The World Health Organisation (WHO) Regional Director for Africa, Mohamed Janabi, has announced that Nigeria currently has no Ebola cases following the evacuation of the index patient and her husband to Switzerland.....KINDLY READ THE FULL STORY HERE▶

Reports indicate that the patient was airlifted out of Nigeria aboard a medical air ambulance through the private jet wing of the Nnamdi Azikiwe International Airport in Abuja.

In a statement posted on his X account on Monday, Janabi said Nigeria would continue monitoring 52 contacts, while Switzerland would take responsibility for the patient’s ongoing medical care and monitor her husband.

He disclosed that the evacuation took place earlier in the morning, adding that both the patient and her husband are Swiss citizens.

According to Janabi, the patient was clinically stable following successful treatment by Nigerian medical teams, who managed her through the acute phase of the illness and stabilised her condition before the evacuation.

The WHO regional director commended the Federal Government, healthcare workers, clinicians, emergency responders and other partners for their contributions to Nigeria’s Ebola response.

He said the successful management of the patient demonstrated Africa’s expertise, resilience and leadership in public health, particularly when countries collaborate to tackle health emergencies.

However, Janabi emphasised that the evacuation did not mean vigilance could be relaxed, stressing the importance of continued contact monitoring and other public health response measures.

He reiterated that Nigeria would maintain close surveillance of 52 contacts, while Switzerland would oversee the patient’s continued treatment and monitor the 53rd contact, her husband.

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Man United Crisis: Carrick Speaks Out After Shock Bournemouth Defeat.

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Manchester United head coach Michael Carrick has said he does not expect to be sacked within the next 24 hours following his side’s disappointing 3-0 home defeat to Bournemouth in the Premier League on Saturday.....KINDLY READ THE FULL STORY HERE▶

The loss at Old Trafford has intensified scrutiny of Carrick as Manchester United continue to struggle with inconsistent performances and results this season.

According to football transfer expert Fabrizio Romano, who shared the manager’s comments on X on Sunday, Carrick acknowledged the uncertainty surrounding his future but maintained that he would continue carrying out his duties as usual.

“I totally understand the situation. I’m not expecting anything in particular, to be honest. I’m carrying on as normal and, you know, I love this place,” he said.

The former Manchester United midfielder also reaffirmed his commitment to the club, insisting that he would continue to act in what he considers the team’s best interests despite the mounting pressure.

Bournemouth’s victory further compounded United’s recent difficulties, marking their third defeat in four home matches and extending their winless run across all competitions to eight games.

Meanwhile, reports indicate that co-owner Sir Jim Ratcliffe and other senior club officials are considering possible replacements as they assess Carrick’s future at Old Trafford.

Former Bayern Munich manager Julian Nagelsmann and ex-Newcastle United boss Eddie Howe have reportedly emerged as leading candidates for the position.

However, Manchester United director of football Jason Wilcox and chief executive Omar Berrada are expected to make the final recommendation before presenting their preferred candidate to Ratcliffe.

The club has yet to announce any decision regarding Carrick’s future, leaving uncertainty over who will lead the team into their next Premier League fixture against Chelsea.

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“If You Insult Tinubu, I’ll Insult You” – Sunday Igboho Fires Warning At Makinde.

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Yoruba Nation activist Sunday Adeyemo, popularly known as Sunday Igboho, has criticised Oyo State Governor Seyi Makinde over his alleged mockery of President Bola Tinubu.....KINDLY READ THE FULL STORY HERE▶

According to reports, Igboho condemned Makinde’s conduct during a public event, describing it as childish and disrespectful to the President.

Makinde had challenged rival presidential candidates to demonstrate their physical stamina after jumping off a stage during a campaign meeting in Akure, Ondo State, on October 22.

The governor made the demonstration at the APM South-West Presidential Campaign Town Hall Meeting held at the Ondo State International Conference Centre, popularly known as The Dome.

While addressing supporters, Makinde said he would focus on candidates’ energy levels and ability to withstand the demands of leadership rather than making age a major issue ahead of the 2027 presidential election.

Reacting to the incident, Igboho accused the Oyo governor of making fun of Tinubu and warned that he would respond to anyone who insulted the President.

In a statement on Sunday, the Yoruba Nation activist said Makinde’s actions amounted to disrespect towards the President.

“He was jumping around like a frog and a mad man, insulting Tinubu, saying Tinubu can’t jump like him as if he doesn’t have a father.

“If you insult Tinubu, I will insult you back. Anyone who wants to live long should not mock an elderly person for any reason,” Igboho said.

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