86FB Football: How sports trading platform that provided Nigerians hope caused sorrow

When the 86FB Football (86w.com) investment platform was launched, it came with a slew of lofty promises and assurances for its potential investors, and many Nigerians jumped on board, seeing it as a fantastic opportunity to prosper financially. It offered promises of lucrative returns on investments, which seemed too good to be true for some Nigerians, but others took the risk of investing their money in it regardless.

For a long time, Nigerians have been exposed to a variety of schemes and platforms that involve people gambling in the hopes of getting larger returns on their investments. While some people may have gained big gains from these schemes before the tales went sour, others were not so fortunate and they ended up obtaining nothing, not even their invested funds. The story of 86FB football is no different.

Table of Content hide 1What is 86fb football? 2How investing in 86fb football works 386fb Football Login 4Is 86fb Football legit or a scam?

What is 86fb football?

86FB Football is a Manchester-based sports trading platform that provides users with a daily profit of three and over by playing virtual games in a form of betting in a reverse manner with no risks. The platform’s rules give users a chance to correctly predict a game’s outcome and award you a win if your prediction is wrong. If, however, your prediction comes out correct, you lose but still receive a refund, this gives you as a user a high chance of scoring multiple wins. It offers its users a winning probability of up to 96 per cent.

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The investing platform focuses on football and collaborates with William Hill, a multinational online gambling corporation located in London, England, to take charge of the probability and analytics of the gaming system. What drew everyone’s attention was its offer of a refund of your invested funds if you lose.

86FB Football was founded in early 2015 and claimed to be a sister company of the City Football Group Co. Ltd., a sports conglomerate that owns several football teams, notably Manchester City of the English Premier League. Additionally, it is listed as a firm registered by the Corporate Affairs Commission in Nigeria.

How investing in 86fb football works

86FB Football has a zero-risk policy system that ensures players will receive their money back, whether they win or lose. The platform mainly offers the opportunity for reverse betting, meaning that if you predict that a game will conclude with a score of 5-1 but the predicted scoreline does not materialise, you score a win.

Unlike the typical betting patterns on other sports betting sites, which have lower winning probabilities, this pattern gives you a better chance of winning. 86FB Football provides users with games to stake, and players must place their bets before the start of these games, which are only issued a maximum of three times each day. Failure to do so results in the loss of players’ capital and is the only way that a player may lose money on 86FB Football.

The hours in which games are released to players are usually 11 a.m., 4 p.m., and 9 p.m. If you do not miss a single game, you will be earning around three per cent of your initial investment each day. Your account must be funded with a minimum of N3,500 before you can start betting. Additionally, you have the option to withdraw up to three times daily from N3,500 to N10 million, with a five per cent commission for every withdrawal.

86fb Football Login

Logging onto 86FB is simple: simply browse to the platform’s website, 86w.com, or the 86FB app, click the log-in option, enter your desired username and password, and you will be automatically redirected to its official dashboard.

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Is 86fb Football legit or a scam?

At the height of the 86FB football run, both members and non-members were curious about the background of the platform. There were several warning signs, and it had characteristics of a Ponzi scheme, including actions and promises that sounded too good to be true and carried the entire risk of player losses.

Considering the credible aspects it came with, such as building an office in Lagos and registering with the Corporate Affairs Commission, the company’s activities were excellent. Its payout pace was outstanding, and this drew the attention of more Nigerians, who jumped on the platform first-hand, even though there was no acknowledged CEO or founder. 

When some people stopped getting payouts after winning, investors began to feel conflicted. This raised countless concerns and raised even more suspicions among people, prompting them to conduct a thorough study of the site. 

Investigations by fans began to uncover some facts about the 86FB Football platform and 86w.com. Sahara Reporters reported that the platform was dubiously registered in the CAC, allegedly using the passport document of a Nigerian young lady named Alozie Chidiebube Chimuanya, with the reported assistance of a lawyer named Bernard Andah Damisa. Though the platform claimed to have been in operation for six years, CAC records revealed that the firm was founded in 2022. Additionally, the City Football Group Co. Ltd supposedly has no links to 86FB Football or 86W.com.

The company finally crashed in mid-2022, leaving investors devastated with no reimbursements, and the tale went viral on social media channels, with hundreds of people telling their experiences on the sports betting platform. Everyone was curious as to what their next move was, as many Nigerians had borrowed money to invest in a once-promising opportunity that has now gone downhill.

Everyone wanted to know what was happening since many Nigerians had borrowed money to invest in these platforms, which had now abandoned their investors. In the middle of the commotion, the official website of 86FB football issued a statement indicating that they were experiencing certain difficulties, which resulted in a temporary halt of activities. They pledged to return stronger and repay investors’ money, even if most do not take them at their word.

The turn of events surrounding the 86FB platform left investors with the belief that the platform was just another Ponzi scheme, brilliantly orchestrated by dubious individuals. As for the invested funds, as is typical in cases of most Ponzi schemes, affected investors would take their losses and continue with their daily lives regardless, though some still harbour hopes of reimbursements. However, that is more or less a pipe dream.

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