Wazobia Investment: Are They Still Honouring Payouts?

Wazobia Investment is a peer-to-peer funding platform that offers users a 50% return on investment (ROI) within 3 days. The platform has been described as a Ponzi scheme, and there are concerns about its legitimacy and safety. While some reviews indicate that Wazobia Investment has been paying investors, there have also been reports of delays in payments and issues with the platform's functionality. It is recommended that individuals conduct thorough research before investing their money.

Is Wazobia Investment Legit?

Wazobia Investment is a funding network that has been described as a Ponzi scheme due to its operation. The platform, which was launched in 2017, promises investors a 50% profit on their investment within 3 days, with the full investment and profit available for withdrawal after 7 days.

Wazobia Investment is a peer-to-peer donation platform, requiring users to register with their email address and phone number and then make a deposit of a minimum of 10,000NGN or 0.004BTC. Users are paid 50% profit on their first investment after 3 days, and any subsequent investments after 7 days. However, there is a catch. The system does not allow users to withdraw their ripe investment when due until they reinvest. For example, if you invest N10,000, your ripe investment would be N15,000 (including a N5,000 profit). But you cannot withdraw this N15,000 until you reinvest an additional N10,000 or more.

The platform also has a referral system where users are paid a percentage if they refer people who then join the platform. Users are paid 10% of the initial investment of anyone that joins through their referral link, and 5% on subsequent investments.

There are several red flags regarding Wazobia Investment. Firstly, there is no information available about its founder(s), even on its website. Secondly, the platform requires users to recommit funds before they can withdraw their ripe investments, which means that investors will never withdraw some of the money they deposit. Thirdly, the major way to benefit from this platform is through referrals, which can be challenging as convincing people to join investment platforms is not easy. Finally, the website claims that the platform was launched in 2017, but a search on Whois Lookup revealed that the website was registered in May 2020.

While some users have reported receiving payments as and when due, others have complained about delays in payments and issues with the platform. There have also been concerns about the safety and reliability of the platform, with some users calling it a "scam".

In conclusion, while Wazobia Investment may offer attractive returns, there are several risks and red flags associated with the platform. It is essential to do thorough research and invest only what you can afford to lose.

How does Wazobia Investment Work?

Wazobia Investment is a peer-to-peer funding market and investment platform. It is a Ponzi scheme that promises investors a 50% profit on their investment.

To start, users must create an account on the platform, providing an email address and phone number. There is also a one-time activation fee of N1,000.

Once an account is set up, users can make deposits or investments. The minimum amount for investment is 10,000NGN or 0.004BTC. After investing, users must wait three days for their first investment to mature and be placed on a queue to receive funds from another user.

Users can then withdraw their earnings or reinvest them to gain more profit. However, there is a catch. Users cannot withdraw their ripe investment until they reinvest, and the reinvestment cannot be lower than the initial investment. For example, if a user invests N10,000, their ripe investment would be N15,000 (including a N5,000 profit). To withdraw this amount, the user must reinvest at least N10,000.

Users can also earn money through referrals. They are paid a 10% commission on each referral's first investment and 5% on subsequent investments. There is also an option to become a Guide, which involves convincing 10 people to join the platform, for which the user is paid 10% on each of their initial investments and 5% on subsequent investments.

Wazobia Investment also requires users to make a video testimonial and upload it to their Facebook and Instagram accounts, with the link then inserted on the Wazobia website.

After five withdrawals, users must upgrade their account by increasing their investment, with a minimum increment of 20% suggested.

How do I Earn on Wazobia Investment?

Wazobia Investment is a funding network that operates as a Ponzi scheme. It offers investors 50% profit on their investment, with the first investment yielding 50% in 3 days, and any subsequent investments taking 7 days to mature.

To start investing, you need to sign up on the Wazobia website and pay a one-time activation fee of N1,000. You can then choose an investment package that suits your budget, make a payment, and watch your funds grow. Wazobia Investment operates on a peer-to-peer donation basis, where members are expected to "render help" after "getting help".

After receiving your initial investment and 50% interest, you will need to reinvest before you can withdraw your profits. This means that you will need to make up to 5 rounds of investments before you can make a profit.

Wazobia Investment also offers referral bonuses of 10% on each referral's first investment and 5% on subsequent investments. Additionally, they request that investors create video testimonials to promote the platform on social media.

While Wazobia Investment has been paying investors, there have been reports of delays and issues with managing a large number of subscribers. It's important to note that this platform is not completely safe or reliable, and you should only invest what you can afford to lose.

Is Wazobia Cash Real?

Wazobia Cash is an online investment platform that offers people increased returns on their investments. Members can earn 50% interest in 3 days after investing. However, it is important to note that Wazobia Cash is not a financial institution and is not backed by any insurance company. It is also classified as a Ponzi scheme.

To start investing with Wazobia Cash, you need to activate your account with an account activation fee of N1000. After registration, you can log in to your account and make a pledge. It is advised to start with an amount you can afford and not commit more than you can handle.

Once you have made your pledge, you will be paired with other members. You will then receive 50% interest on your investment within 3 days, and your full investment amount within 7 days. For example, if you invest N10,000, you will earn N5,000 in interest within 3 days, and you will get your initial N10,000 back within 7 days.

While Wazobia Cash has received positive reviews and there have been no fraud allegations, it is important to approach this platform with caution. Online investment platforms can be risky, and it is recommended to research thoroughly before investing your money.

Wazobia Cash should be treated as a side hustle, and users should not invest more than they can afford to lose. All transactions should be done through the official website, and users should be cautious of duplicate websites and scammers asking for sensitive information.

As of June 2023, Wazobia Cash was reported to be paying out with constant cash-outs, and members were offering positive testimonials. However, it is unclear if this is still the case, and users should stay updated with the latest reviews and information.

While Wazobia Cash may be a real and functioning investment platform, it is important to approach it with caution and treat it as a side hustle rather than a primary investment strategy. Users should also be cautious of potential risks and only invest money they can afford to lose.

Can Wazobia Investment Crash?

Wazobia Investment is a funding network that promises investors a 50% profit on their first investment in 3 days, and on subsequent investments in 7 days. It is a peer-to-peer donation platform that requires members to re-invest before they can withdraw their profits. While Wazobia Investment has been paying investors, there have been reports of delays and issues with managing their large number of subscribers.

The possibility of Wazobia Investment crashing is a concern for anyone considering investing their money on the platform. Any system can fail, and there are no guarantees that Wazobia Investment will not crash. However, the fact that Wazobia requires members to re-invest before withdrawing may keep the system running for a long time.

It is important to note that Wazobia Investment is not a financial institution and is not backed by any insurance company. There is no insurance covering your investments, so you need to carefully consider how much you are willing to risk. If losing the money you invest would cause you any harm, it is best to avoid investing in Wazobia.

While some people have cashed out successfully, it is important to do your own research and invest wisely. Wazobia Investment is not a safe or reliable platform, and there have been reports of people not being paid and facing issues with withdrawals. Therefore, if you are considering investing in Wazobia, you should be aware of the risks involved and invest only what you can afford to lose.

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