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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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Shock Call-Up: Lukaku Makes Belgium World Cup List Amid Fitness Doubts.

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Napoli striker Romelu Lukaku has been included in Belgium’s 2026 FIFA World Cup squad despite concerns over his fitness, with head coach Rudi Garcia admitting the forward is not yet fully match-ready.....KINDLY READ THE FULL STORY HERE▶

The 33-year-old has managed just 69 minutes in seven substitute appearances this season after spending the last two months recovering in Belgium from a hamstring injury. Despite his lack of game time, Garcia has kept faith in his star striker as Belgium prepare for their Group G fixtures.

Garcia acknowledged Lukaku’s condition, saying the striker is fit again but still not at peak sharpness.

“Romelu has recovered, but he’s out of shape, and I’m not sure he’ll be able to start the matches. But he’s our best striker, Belgium’s all-time leading scorer,” Garcia said.

He added that the team would work on building the striker’s fitness ahead of the tournament.

“We have five weeks to get him back to full fitness so that little by little he can help the team,” he added.

Lukaku remains a key figure for Belgium, with 89 goals in 124 international appearances. If he features, it will be his fourth straight World Cup appearance alongside veterans such as Thibaut Courtois, Kevin De Bruyne, and Axel Witsel.

Garcia also included Matias Fernandez-Pardo in the squad after the young attacker committed his international future to Belgium, having previously been linked with Spain. He replaces Lois Openda, who has struggled for playing time at Juventus.

Defender Zeno Debast was also named in the squad despite recent concerns over a training injury.

Belgium will face Egypt, Iran, and New Zealand in Group G, with matches scheduled across the United States and Canada.

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“We’re Both Separated” – Tega Dominic Opens Up On Alleged Affair With Frank Edoho.

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Big Brother Naija star, Tega Dominic, has denied claims of having any sexual or romantic involvement with media personality Frank Edoho.....KINDLY READ THE FULL STORY HERE▶

reports that the controversy began after Frank’s estranged wife, Sandra Onyenucheya, made a series of allegations on social media following the breakdown of their marriage.

In her post, she accused the TV host of infidelity, alleging that he was involved with multiple women during their relationship and mentioned Tega among those linked to him.

Sandra further claimed that Frank frequently stayed away from home for long periods while allegedly spending time with other women.

Reacting through her management, Tega firmly dismissed the allegation, insisting that she has no emotional or sexual relationship with Frank Edoho and challenged the accuser to provide evidence to support the claims.

She clarified that both she and Frank are currently separated individuals and stressed that there was nothing hidden or inappropriate in their friendship.

According to her statement, she and Frank only interacted in a professional and friendly context, with the only recorded meeting taking place in the presence of her manager, Paul Ukono.

Tega explained that their connection began after Frank reached out to her around mid-last year, following a birthday message he sent to her mother, adding that they had prior social media familiarity.

She maintained that if there had been any romantic involvement, she would not have hidden it, insisting she has always been open about her personal life.

The reality star also expressed concern over what she described as false narratives being used to damage her reputation, noting that she has worked hard to build her brand.

She stated that she would not allow her name to be dragged into unverified claims and hinted that her legal team would now handle the matter going forward, warning that there would be consequences.

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How I Fled For My Life – Momodu Shares Emotional Abacha-Era Survival Story.

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The publisher of Ovation International Magazine, Dele Momodu, has recounted how he fled Nigeria during the military regime of General Sani Abacha.....KINDLY READ THE FULL STORY HERE▶

Speaking on Wednesday during an appearance on Morayo Afolabi-Brown’s programme, Momodu said he escaped by trekking across the Seme border into Cotonou in the early hours of the morning.

He revealed that he left his infant son behind in Nigeria, describing the moment as deeply emotional and uncertain.

According to him, his first son was less than a year old and lying beside his wife when he made the difficult decision to leave.

“The morning I was leaving, my first son was less than one year old. He was just lying beside my wife and I was crying,” he said.

Momodu explained that he made the journey alone on foot, with no assurance of safety or what awaited him in exile.

“I travelled by foot through the Seme border into Cotonou very early in the morning,” he said.

He added that arriving in Cotonou did not bring relief, but more anxiety about his future and survival.

“When I got to Cotonou, I started crying again because I wasn’t sure where I was going, when I would get there, or if I would even survive,” he said.

Momodu said the period of exile, which lasted from 1995 to 1998, later shaped his career and contributed to the creation of Ovation International Magazine.

He noted that the experience strengthened his political views and commitment to democracy, even as he shared similar historical experiences with President Bola Tinubu, whom he now politically disagrees with.

Momodu also reflected on his early struggles, including losing his father at the age of 13 and working various jobs before rising to prominence in media and public life.

He recalled fleeing Nigeria on July 22, 1995, after his wife was alerted that security operatives were searching for him, allegedly over his link to Radio Freedom, later known as Radio Kudirat.

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