Business

XM Future Music, the ‘listen-to-earn’ app promising 100% in 30 days, collapsed in May 2026 and its Badagry office was looted. How it worked, the red flags, and how to verify and report a scheme.

NRC, Nigeria’s ‘read-to-earn’ app, crashed on 7 July 2026 with billions feared lost. How Ponzi schemes work, the red flags, and how to verify and report one — from MMM to CBEX to XM Future Music.