Devon Oil fails to provide ownership or executive information on its website.
Devon Oil’s website domain (“devonn-oil.com”), was privately registered on November 3rd, 2024.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Devon Oil’s Products
Devon Oil has no retailable products or services.
Affiliates are only able to market Devon Oil affiliate membership itself.
Devon Oil’s Compensation Plan
Devon Oil affiliates invest Nigerian Naira on the promise of advertised returns:
DVIP1 – invest 3000 NGN and receive 960 NGN a day
DVIP2 – invest 5000 NGN and receive 1600 NGN a day
DVIP3 – invest 10,000 NGN and receive 3200 NGN a day
DVIP4 – invest 20,000 NGN and receive 6400 NGN a day
DVIP5 – invest 50,000 NGN and receive 16,000 NGN a day
DVIP6 – invest 130,000 NGN and receive 41,600 NGN a day
DVIP7 – invest 270,000 NGN and receive 86,400 NGN a day
DVIP8 – invest 480,000 NGN and receive 153,600 NGN a day
DVIP 9 – invest 700,000 NGN and receive 224,000 NGN a day
DVIP10 – invest 1,000,000 NGN and receive 320,000 NGN a day
Devon Oil pays referral commissions on invested NGN down three levels of recruitment (unilevel):
level 1 (personally recruited affiliates) – 25%
level 2 – 3%
level 3 – 2%
Joining Devon Oil
Devon Oil affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 3000 NGN investment.
Devon Oil Conclusion
Devon Oil is yet another “click a button” app Ponzi scheme.
Devon Oil misappropriates the name and branding of Devon Energy Corporation, a US hydrocarbon exploration company.
Needless to say Devon Oil has nothing to do with Devon Energy Corporation.
Devon Oil doesn’t bother coming up with a ruse. This makes it a typical “task-based” Ponzi scheme.
The assigned task in Devon Oil is “orders”. This sees Devon Oil affiliate investors log in daily to “click a button”.
Clicking the button daily qualifies Devon Oil investors to receive daily returns.
Beyond that clicking a button inside Devon Oil does nothing, there is no external revenue. All Devon Oil does is recycle newly invested funds to pay earlier investors.
Examples of already collapsed “click a button” app Ponzis using the stolen identity ruse are
VIP Casio
,
US Solar Fund 49581
and
Jumeirah VIP
.
Since 2021 BehindMLM has documented
hundreds of “click a button” app Ponzis
. Most of them last a few weeks to a few months before collapsing
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
As part of a collapse, “click a button” Ponzi scammers often initiate recovery scams. This sees the scammers demand investors pay a fee to access funds and/or re enable withdrawals.
If any payments are made withdrawals remain disabled or the scammers cease communication.
Organized crime interes
🤖 Quick Answer
What is Devon Oil?Devon Oil is an online platform registered in November 2024 under the domain "devonn-oil.com," which offers investment plans denominated in Nigerian Naira. The platform does not disclose ownership or executive information and lacks retailable products or services, operating solely through affiliate membership recruitment.
How does Devon Oil's compensation plan work?
Devon Oil's compensation structure requires affiliates to invest Nigerian Naira across tiered plans (DVIP1 through DVIP4), ranging from 3,000 NGN to 20,000 NGN. Each tier promises fixed daily returns, such as 960 NGN per day for the lowest tier and 6,400 NGN per day for the highest.
Does Devon Oil offer any retailable products or services?
Devon Oil does not provide any retailable products or services to end consumers. Affiliates can only
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