A Nigerian content creator has sparked online conversation after exposing a financial platform he suspects operates like a Ponzi scheme, warning that many users are unaware of its true nature.
Speaking via his TikTok handle, @emperoryrn, the man known simply as Emperor shared that some people are currently investing in a platform that he believes bears red flags commonly associated with Ponzi operations.
He cautioned internet users to be more discerning and conduct proper research before committing their money to online investment schemes, especially those that seem too good to be true.
According to him, the platform in question is called ADK. He noted that ADK promises users “100% returns” for simply following football predictions, a claim he finds highly suspicious.
Emperor emphasized that many participants are unaware that “it is a Ponzi scheme” and may be left in shock if it crashes.
One major concern he raised is the lack of access through legitimate app stores. He claimed there is no official link to download the ADK app via the Google Play Store or Apple App Store, stating that the only method of onboarding is through social media referrals — a tactic frequently used in shady investment circles.
Another worrying sign, according to Emperor, is that the platform is not regulated by major Nigerian financial institutions such as the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC).
He further drew attention to a trend, saying that many users are now “jumping from Cbex to ADK”, implying that people may be unknowingly falling into another risky trap shortly after losing out on previous ventures.
In the video’s comment section, several users claimed the platform had already collapsed:
- @EBUBEDIKE wrote: “Adk don crash boss with my money.”
- @Giddy Jono said: “I ADK don crash yesterday, I lost 500k yesterday and I lost everything, I can’t withdraw and this money, the money is gone.”
- @Chima Felix Onuoha #Ngabasi added: “Learn from Ponzi scheme history in Nigeria Umana, MMM, Baraza now CBEX.”
Others also mentioned their preference for alternative platforms or expressed concerns over similar schemes like 52U.
As discussions about online investment continue, Emperor’s warning serves as a timely reminder for Nigerians to approach financial platforms with caution, especially those offering unrealistic returns.
Watch the video here.
