NairaLift.com is not a legal company and they accept that themselves. On their website, they have clearly mentioned that they are unique because many Ponzi schemes have come and gone but NairaLift remains. So, they have accepted themselves that NairaLift.com is a Ponzi scheme, which is an illegal and unsustainable scheme. So, that means NairaLift is a scam. If you don't know what is Ponzi scheme, then you can find the details by clicking this link:- newsonlineincome.com/ponzi-scheme/
So, if you are searching for the NairaLift reviews to find out what is NairaLift.com in real, either is NairaLift.com a scam or a legit, then you don't have to search any other NairaLift.com reviews for that because here, within our NairaLift.com review, we are going to reveal the complete truth about NairaLift.
But, now it is clear that NairaLift.com is a scam. So, after knowing this fact, if you don't want to find out more details on NairaLift but instead want to find out the real ways to make money online, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Although we have listed several kinds of legit ways to make money online, our No. 1 recommendation is Wealthy Affiliate. If you don't know what is Wealthy Affiliate, then you can find the details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let's continue with our Naira Lift review to find out in detail what is NairaLift and why is a NairaLift.com scam.
NairaLift login and join in link:- www.NairaLift.com (Not recommended to join, it's a scam)
Aforementioned, we already made you clear that the business model of NairaLift.com is not legal as it is a combination of two illegal schemes, Ponzi and Pyramid schemes, collectively known as cash gifting scheme. The legal authorities have already warned not to involve with cash gifting business models. So, NairaLift is not a legit company.
Yep, these kinds of business models claim themselves to be a donation program, but in reality is an illegal scheme. This kind of business never sustains for a long run. Many sites have been already failed which were running this kind of business model such as, MMM Global, BTCInvestments, ZarFund and so on which proves this business practically can't sustain for a long time.
The whole business model of Naira Lift revolves around by gifting the cash between the members by making them believe they are providing the help to each other. But in reality, they are investing the money in this scheme in the name of donation in the return of which those members will earn a profit when other members who join after them invest in this program. NairaLift claims to pay 100% net profit, means 200% total profit of your donation amount.
So, these kinds of companies need the continuous flow of new investment coming into the company and that is also more than the amount that existing members have invested so that they can make profit which is actually not possible because whenever these companies pay one member, they need to use the money invested by two other members due to which each time they pay one member, they create a debt equal to the amount invested by one member. Like this, the debt will be kept on increasing and the whole system will be collapsed.
On the other hand, it is hard to get the new members continuously. So, the market will be saturated and the last one who joins the system will leave the system and slowly the members from down to up will start to leave the system and at last the whole system will be collapsed.
Actually, the owners of NairaLift themselves know that they are operating an illegal scheme. That is why they don't want to come upfront due to which they have hide their owner's name and company's address within the WHOIS detail of NairaLift.
Actually, we have already reviewed many similar kinds of companies among which MLC247 and GreatMinds247 are much more similar. So, if you are interested to know more about NairaLift.com, then we suggest you view our review on MLC247 and GreatMinds247 by clicking the respective links as below:-
Aforementioned, now it is clear that NairaLift is an illegal company. So, we don't recommend it and have listed it within our Bad and Scams category.
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