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86FB: Nigerians react to possible crash of investment platform, question ownership


86FB: Nigerians react to possible crash of investment platform, question ownership


86FB, an investment platform that claims it focuses on football and works with William Hill, a global online gambling company based in London, England, to integrate probability and statistics, may have just crashed.

This comes as a number of high profile Ponzi investments have crashed in Nigeria in recent times. The platform which claims to be owned by City Football Group also has been discovered to not be owned by the Abu Dhabi based company which owns Manchester City Football Club in England.

It would be recalled that the Economic and Financial Crime Commission (EFCC) recently announced it is set to arrest four Ponzi scheme operators across Nigeria within the next few weeks.

What is 86Fb?

The platform claims itFocuses on football and works with William Hill to integrate probability and statistics. Calculations, mathematics and other principles make competitive football not only a game, but also a high level comparable to funds and stocks. 

It says it runs a hedge fund arbitrage method that combines finance and conceptual science to earn stable returns with extremely low risk in sports gambling.

Some of its agents also claim it runs a reverse betting site investors can earn 3% of their capital daily (90% monthly ROI), if they play the game plan provided by the team.

A possible crash of the Ponzi scheme

All the promises of juicy returns on investments indeed sounded too good to be true as some Nigerians for weeks have been warning investors of the…

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