Veroil-ng is an online earning website that claims to be rewarding users with extra money when they deposit and invest. It’s one of the numerous investment based earning websites being launched on a near daily basis and in all honesty, there’s nothing different or unique about it. Therefore, if you are looking for a more legitimate source of income that wouldn’t put you at risk of incurring financial losses, veroil-ng.com is not for you.
For the sake of details and also to better make you understand my point and where I’m headed, we will be conducting a critical appraisal of what veroil-ng is all about – including how it claims to be paying users extra money for investing” and also, the downsides or risks associated with participating and the upsides (if any).
Incase you’d been hearing about the platform and how it’s newly launched and paying, this article will serve as a source of enlightenment to you. Just sit tight and learn some new things.
About Veroil-ng
Veroil-ng is not even meaningful if we are to analyze it based on what the platform is about. It’s an earning website that claims to be giving users Return On Investment (ROI) on a daily basis. According to my analysis, users earn close to 30% on any amount ranging between 3,000 naira to 1 million naira used in purchasing one of their investment plans.
They like to call it product but it’s just an investment plan available on their site immediately a user concludes registration process. If you are active on social media, then there is no way you have not come across the site or seen advertorials and publications endorsing it on social media.
But don’t be swayed by those posts, because most of them were either made by the administrators or people who are so desperately in need of a referral bonus.
Breakdown of Earnings
According to what I gathered on the platform though it’s not really a quality site. You earn via two means, referring others and also, investing your own money on one of their plans.
When you deposit or recharge your account on veroil-ng and invest in one of their products, you earn extra money on a daily basis i.e. every 24 hours, the money gets settled in your balance and could be withdrawn as soon as you hit the threshold.
If you are interested in earning from referrals, you would still have to invest as users who have not purchased one of their plans won’t be able to withdraw any bonuses, so what’s the point?
Veroil-ng Red Flags
There are a couple of things that are considered red flags on veroil-ng and I would like us to go over some of the most important;
1. Poorly Designed and Structured Webpage – anything that has to do with money is considered very important in most cases and people handling websites that deal with people’s finances are often designed in a proper way so that it could portray class and quality but in the case of Veroil-ng, the opposite is the reality and that is one of the very important reasons why you should steer clear of the platform.
The site is poorly designed and there is no homepage for anyone to understand what the platform offers and how everything works. The moment you click on their main URL, you are taken straight to a sign up page that looks very poor and quack. Why would you risk your hard earned money in this period or economy crunch on a site that looks so poorly designed?
2. Investment Based – what they like to call investment is in fact, scam. There is no such thing as investing money on a platform. In the real sense, what happens is gambling. You are risking your own money with hopes of earning something higher.
What the administrators of sites like veroil-ng do in most cases is to rob Peter to pay Paul. That is why, platforms like this are high risk ponzi schemes that are capable of making someone lose his or her hard earned money if care isn’t taken. Therefore, it’s a significant enough reason to steer clear of the site entirely especially if you don’t have money that isn’t really dear to you.
3. Too Good to be True – there is a popular adage that if something seems too good to be true, it may actually not be true. That is the case of Veroil-ng, as users are given almost 30% interest on a daily basis and also give users the chance to earn from their referrals.
If you are someone who has a discerning mind, you can easily spot the fraud. How and where do they intend generating the money from? It’s simply fraud, taking from new depositors to pay old users who are placing withdrawal. It’s not surprising for a scam website like veroil-ng to have an unrealistically high payout structure, that’s one way to spot them easily.
4. Spam website url – it’s been proven that websites with a hyphen in their url often turn out to be scam or spam. More reasons why you should stay away from the earning site. I don’t see any reason why someone would still go ahead and deposit money into a site that is spammy.
Final Verdict
Veroil-ng is not legit. It’s a ponzi scheme and all such schemes are scam and sponsored by fraudulent individuals to defraud overall users. They often spread very fast and get really popular within a short time – all thanks to the initial users who create an account.
There is also no know owner of the platform. If you have money and very much interested in investments, then you can give it a try with money you can afford to easily lose.
Are there are good sides? Well there are a few upsides in my own analysis that might appeal to people who are adamant and wouldn’t mind proceeding with the site;
Pros 
- 700 Naira welcome bonus
- Lower minimum withdrawal
- Newly launched at least at the time of writing the article
- An accessible support system.
Cons
- Unrealistic Payout structure
- A ponzi scheme that’s bound to crash
- Poorly designed website and spammy URL structure.
- Higher than common minimum recharge amount
Conclusion
Veroil-ng is not a platform you run into when you are searching for a source of income. It’s a ponzi scheme and such sites will crash as time goes on. So it’s best to either stay away completely or risk money you can afford to lose.
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The platform crashed yesterday