Poyoyo Investment Review (Pilvest) | Labelled Ponzi by Nigeria SEC

Poyoyo Investment Review: The Securities and Exchange Commission (SEC) warns that Pilvest is an unregistered business, hence a Ponzi.

By a provision of the Nigerian Constitution, the SEC is exclusively responsible for all the public-traded securities in the country, including contracts that bear on (or imply) any securities offering.

Although no one can fault the institution for the deluge of unregulated multi-level marketing stints in the country, the Nigerian SEC scarcely makes concerted efforts to stop these activities. Our site, Dailybinaryhub, has reviewed some of these businesses (Racksterli, Primevault, Norderworks, Obaforex, and Wales Kingdom Capital), which always turn out as Ponzi schemes.

Pilvest is now under the radar of SEC scrutiny, though, following a period of unrestrained WhatsApp messages soliciting investments.

We attempt to highlight some of the backend deals and publicly available affiliate compensation plans in this Poyoyo Investment Review. Read on below for details.


The website is still operational online, sending out coupon credits to affiliate recruiters and investment requests to non-affiliates. Do not fall for this scam.

Poyoyo Investment (Pilvest) Review: About the Company

Poyoyo Investment (Pilvest) starts the About Us webpage with a testament to its yearlong devotion to its business purpose. What is this purpose, by the way? (See the clip in bold print below)

For more than 1 year, we’ve been empowering clients by helping them take control of their financial lives.

Of course, this is not the usual altruistic take from MLM. Contrarily, it is an intro for a scoop on the SMEs in Nigeria, totally unrelated to Pilvest’s business history anyway.

Typical of scams, the vague page diverts from the clip below, a clichéd template in Nigerian scam circles, to disclose a one hundred and twenty percent (120%) ROI core.

Poyoyo Investment Review

Here is the drift.

Banking on wealth disparity stats, Poyoyo Investment (Pilvest) could interpose its scam 120% ROI as an answer to the situation.

So, what’s the plan then?

The thing is, Pilvest wants you to invest in its private business to alleviate poverty. But this is merely the surface. The core of this investment is not so appealing.

According to the same descriptor page, Pilvest attempts to eradicate poverty in Nigeria, posing as a legit enterprise in the private sector. As such, it offers a thirty (30) days investment program to the public on the promise of a 120% return on investment (subtly worded as 20% gain, plus principal).

However, saying something and doing the opposite is the trademark MLM scam tactics, especially in Nigeria, where appealing to emotions is rife. Our Poyoyo Investment Review will get to this part later.

See below for the affiliate compensation plan.

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Pilvest Affiliate Compensation Plan

Here, our Poyoyo Investment Review finds a different return on investment for different affiliate tiers in the program, including different validity periods. Instead of the advertised 120%, Pilvest now offers as high as 300% ROI.

Silver Plan _ pays 15% on a thirty-day ₦20,000 investment (minimum capital), payable after 30 days.

Ruby Plan _ pays 34% on a sixty-day ₦300,000 investment (minimum capital), payable after 60 days.

Pearl Plan _ pays you 60% ROI on the strength of a ninety-day investment (payable after 90 days). You need to invest at least ₦500,000.

Diamond Plan _ pays 138% ROI on a one-hundred-and-eighty day ₦1000,000 investment (minimum capital), payable after 180 days.

Platinum Plan _ pays 300% ROI on a three-hundred-and-sixty-day ₦2000,000 investment, payable after 360 days.

The start-up procedure involves Register, Fund, and Invest, none of which discloses any legit investment blueprint.

What Does Pilvest Do on the Backend?

The website mentions a range of fancy ventures (literally throwing in everything to appear high-toned to the public).

The supposed areas of expertise are:

Stocks, Bonds, Derivatives, and Venture Capitalism.

So far, nothing proves that Pilvest engages trades or profit options in these avenues. Also, our Poyoyo Investment Review does not find any other business probes run by Pilvest, neither on the site nor on Pilvest WhatsApp and email covet ads.

Check below for issues with Pilvest.

Red Flags: Why You Shouldn’t Invest with Pilvest

There are several reasons you shouldn’t invest in this platform for any reason at all. The most glaring instance is the warning from the Nigerian Securities and Exchange Commission (Nig. SEC).

The SEC warning pins the company, Poyoyo Investment Nigeria Limited, to Ponzi, after briefly (and correctly) scouring the invented Pilvest ROIs.

You can cross-check that the clip below is from sec.gov.ng, the official Nigerian SEC website.

Poyoyo Investment Review

The gist is that Pilvest lacks any security license, despite which it trades zero underlying assets regardless of advertised stocks and whatnot on its website.

So, how do investors get their ROIs then?

The answer is simple: Ponzi. Note that Pilvest only permits withdrawals after a trade period just so the reserves can compensate for cash out volumes _ the definition of Ponzi.

A hilarious aspect is how Pilvest calculates the ROIs, given the zero details on investment. The likely guess is that it’s a top-off-the-head invention, depending entirely on the whims of Pilvest operators.

Poyoyo Investment Nigeria Limited gets the above records barely one year into its poverty alleviation journey.

Severance, No Warranties Regardless

Suppose we discount the role of the public SEC warning we can’t get around inherent issues about the Pilvest terms of service.

The first thing is short shrift on severance, which insulates Pilvest from any faults in its investments. On the other hand, customers get zero warranty for any damages culminating from any faults due to Pilvest.

More bizarre is the compliance extended to customers’ rights to indemnification. Poyoyo Investment Nigeria Limited does not accept any litigation to this effect, which is one of the criteria for investing in the company.

Poyoyo Investment Review: Verdict

Our Poyoyo Investment Review does not see any legitimate business blueprint run by this company. Also, our view is as the statutes on traded securities apply in Nigeria, confirmed by the Nigerian SEC describing Pilvest ROI schema as unsustainable.

A principal of the Ponzi, Chinmark Group of FinAfrica Investment Limited (headed by Dr. Marksman Ijiomah), attempt to downplay the SEC warning and due diligence as a mere misconception, pointing out that Pilvest only collects funds from partners and pay them back duly. Of course, the argument is self-defeating since it rests on Pilvest running any businesses at all.

The SEC, an authority in this field, does not even give the platform a pass. So, Pilvest might well sort this one out first.

Moreover, posing as a private company does not exempt Pilvest from financial regulation. The slipshod attempt to avoid SEC registration by using WhatsApp to reach clients shows that the company is not the best investment option for Nigerians. Don’t fall for this scam.

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