A registration fee, the promise of easy daily tasks, and skyrocketing returns: for thousands of investors, the PXES platform seemed like a fast track to financial freedom. Today, it stands as a cautionary tale of how quickly high-yield investment schemes can vanish with people's hard-earned money.

 

**How the Platform Worked**

 

To get started, participants were required to pay an upfront registration fee to gain account access and unlock daily order-taking tasks.

 

Early on, the platform built trust by allowing low-friction daily payouts. According to participant Deinde, members could withdraw as little as ₦1,500 up to ₦100,000 daily. However, as the user base expanded, the rules shifted to weekly withdrawals assigned by investment tiers.

 

Promotional materials reviewed by *Saturday PUNCH* outlined structured packages promising absurdly high yields over a 360-day period:

 

* **₦21,600 Package:** Generated around ₦720 daily, promising up to ₦259,200 annually.

* **₦64,800 Package:** Generated around ₦2,160 daily, promising up to ₦777,600 annually.

* **₦207,000 Package:** Offered even higher multi-fold returns.

 

To sustain these payouts, the scheme heavily relied on multi-level referral incentives, urging members to recruit friends and family to build larger networks.

 

**The Fallout**

 

When the platform abruptly halted payouts and collapsed, everyday investors bore the brunt of the losses.

 

One security guard shared how he initially resisted joining until persistent persuasion from his sister convinced him to invest ₦64,000. While he managed to withdraw ₦20,000 twice, the platform froze before he could recover the rest. His sister—who had aggressively recruited others and built a substantial network—lost over ₦1 million in the crash.

 

The collapse serves as a stark reminder: when an investment promises massive returns for minimal effort while relying on constant recruitment, the risks far outweigh the rewards.