The Cool Naira website identifies Paul Samson as founder of the company.

Samson purportedly founded Cool Naira through the company G-Cyber Technologies back in March.

Samson (right) claims G-Cyber Technologies is incorporated in Nigeria, however I was unable to independently verify this (the Corporate Affairs Commission search website was down at the time of publication).

G-Cyber Technologies’ own Facebook page suggests the company is a web hosting reseller.

Cool Naira appears to be Samson’s first MLM venture.

Read on for a full review of the Cool Naira MLM opportunity.

The Cool Naira Product Line

Cool Naira has no retailable products or services, with affiliates only able to market Cool Naira affiliate membership itself.

On coolnaira, you don’t buy or sell anything… You only need to tell people about coolnaira using your referral link and make sure they join the network through your referral link.

The Cool Naira Compensation Plan

The Cool Naira compensation plan sees affiliates pay a ₦1000 to ₦10,000 NGN fee ($3.15 to $31.59 USD).

Commissions are paid when they recruit new Cool Naira affiliates who do the same.

Direct Recruitment Commissions

When a Cool Naira affiliate recruits a new affiliate, they earn 50% of the fees paid by the new affiliate.

Note that this is capped based on how much the recruiting affiliate themselves paid.

Ie. ₦1000 NGN affiliates can only earn ₦500 NGN, regardless of whether their recruit a ₦6000 or ₦10,000 NGN affiliate.

Residual Recruitment Commissions

Residual recruitment commissions in Cool Naira are paid out via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Cool Naira cap payable unilevel levels at ten, with affiliates paid a percentage of fees paid by affiliates recruited into their unilevel team.

  • level 1 – 50% (see “direct recruitment commissions” above)
  • levels 2 to 10 – 5%

Joining Cool Naira

Cool Naira affiliate membership costs ₦1000, ₦6000 or ₦10,000 NGN ($3.15, $18.96 or $31.60 USD).

The more a Cool Naira affiliate spends on membership the higher their income potential through the Cool Naira compensation plan.


Coolnaira is a People-Helping-People Online Referral Network.

The idea on coolnaira is very simple. Every member earns from each members payment, it’s cut and divide.

Wrapped in MMM Global style “get help, provide help” marketing rhetoric, Cool Naira is a simple enough pyramid scheme.

Nothing is marketed or sold to retail customers, with all commissions paid out tied to affiliate recruitment.

The more an affiliate pays the more they can potentially earn, based directly on how much those recruited pay.

This Is The Best Way To Make Cool Cash As Nigeria Economy Faces Imminent Recession!

As with all pyramid schemes, once affiliate recruitment dies down Cool Naira will collapse.

Alexa traffic estimates to the Cool Naira website suggest recruitment has cooled, which means the inevitable collapse probably isn’t far off.

Infact, here’s a Facebook post from Paul Samson dated November 11th:

For the fact it’s not working for you now, doesn’t mean its not working at all. In any business, there is always a challenge at the starting point.

Perhaps, nobody believe all your noise about coolnaira yet or nobody has registered under you to start building your downline.

Relax, its not yet over. Every members in this group experience the same issue.

Once Cool Naira goes down, affiliates who haven’t recovered their initial fee lose out.

Paul Samson will be alright though. In addition to owning one or more positions at the top of the company-wide unilevel team, he’s also skimming 5% of every affiliate fee paid.