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Ponzi scheme, MMM, has come out of the deep freeze it put itself under just before the holidays began. All is now well with the world again, and Mavrodians can truly say Happy New Year. See below reactions to the announcement: This one that MMM is back broda Ekatte and Sista Ceccila will go and... Read More
The Special Adviser to President Muhammadu Buhari on Media & Publicity, Femi Adesina has said he did not endorse ponzi scheme MMM. Adesina said the endorsement was made by impostors and identity thieves. He said in a tweet, “A statement endorsing MMM is being credited to me on digital media. It is false. Please ignore... Read More
It’s been three long weeks since MMM Nigeria announced its one-month shutdown that caused social media frenzy and real life commotion among participants and observers across the country. But sanity is about to return as MMM Nigeria promises to unfreeze accounts in 10 days. The scheme is already preparing members for the almighty comeback by... Read More
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“How was your Christmas Day?” “Comme ci, comme ca” “What’s that?” “I am speaking French. You mean you don’t even understand elementary French?” “No, I don’t. Speak English. How was Christmas?” “Low-key. Like this, like that”. “For me, it was a dead-end Christmas” “God forbid. May we never have a dead-end Christmas. I reject it... Read More
In a lot of ways, 2016 has been a very stressful year. Hopefully, it hasn’t been as stressful for you as it has been for our dear nation, Nigeria. Still, there is a lot to be thankful for. And so, in our special version of ’12 days of Christmas’, we’ll remind you – with the Good... Read More
by Enobong Udoh Paper money or fiat currency is still the greatest innovation conceived by man. Imagine Nigeria being some type of human zoo of sorts that still trades by barter. If we import loads of Apple’s iPhone 7, how many truckloads of cattle will northern Nigeria exchange or barrels of oil will southern Nigeria... Read More
The owner of the Mavrodi Mondial Moneybox (MMM), Sergey Mavrodi has written an open letter to Nigerian journalists and the press, who he accused of creating panic about the ponzi scheme. Mavrodi in his letter said the ponzi scheme will be back in January contrary to reports that it has crashed. Sergey Mavrodi went ahead... Read More
It was first MMM and then it was the Senate calling for the suspension and prosecution of the Secretary to the State Government, Babachir Lawal, who was then forced respond to the outcry, dismissing it all as balderdash. We dared to think the drama was over but were jolted to reality with this leaked audio... Read More
by Simon Kolawole There are many reasons you will never find me in politics — either by election or appointment. The one that is relevant to our discussion today is “groupthink”. Have you ever wondered why people are so reasonable and principled… until they join the government? And then a few weeks later they are... Read More
by Festus Iyorah Charles Ibekwe (not real name) has lost everything: his school fees, his pocket money and the hope of getting money from his mother. When the 20-year-old, second-year Combine Arts student of University of Nigeria first heard of the MMM (MavrodiMondial Moneybox) Ponzi scheme from his roommate he dubbed it a scam, refusing... Read More
by Olusegun Adeniyi SCENE ONE: In the course of a break-in at a local branch of the Central Bank (not in Nigeria), one of the robbers, holding a pump action gun in his hands, shouted to everyone: “Don’t move, if you don’t want to die. The money in this bank belongs to the government while... Read More
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These are the top five stories that drove conversation today. 1. Amina Mohammed confirmed UN deputy Sec-Gen Minister for the Environment, Amina Mohammed was on Thursday confirmed as the UN deputy Secretary General by New UN Secretary-General, António Guterres. 2. Fayose storms Zenith Bank, demands his money (PHOTOS) Governor of Ekiti, Ayodele Fayose on Thursday stormed the Ado Ekiti... Read More
All through yesterday, and now into today, MMM has been trending. With good reason. Yesterday, MMM operators announced a suspension of its activities till the new year. Those who have their monies tied up in the scheme pretty much have their heart in their mouths. And folks on Twitter have a lot to say; heck,... Read More
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These are the top five stories that drove conversation today. 1. Zahra Buhari confirms her wedding to Ahmed Indimi Zahra Buhari, daughter of President Muhammadu Buhari has finally confirmed her wedding to Ahmed Indimi, son of oil billionaire Mohammed Indimi. In an Instagram post on Monday, Zahra confirmed the reports with a picture captioned “#Zahmed2016”.... Read More
A young man simply identified as Adakole in Otukpo, Benue State has reportedly ingested insecticide following the freezing of ponzi scheme, MMM, Daily Post reports. The owners of MMM had on Tuesday announced that withdrawals had been frozen for 30 days. It was gathered that Adakole had invested N300,000 saved for his wedding on December 28... Read More
The Economic and Financial Crimes Commission (EFCC) has said it advised Nigerians against investing in Mavrodi Mondial Moneybox (MMM). The ponzi scheme had on Tuesday announced that withdrawals has been frozen for 30 days. A Twitter user @Lolami_Boo, had tweeted at the Economic and Financial Crimes Commission (EFCC) saying it was the commission’s job to stop... Read More
Earlier today, the most popular Ponzi scheme in Nigeria – Mavrodi Mondial Moneybox (MMM), got shut down for a month and it has been near pandemonium everywhere. If you are not in the scheme, you definitely have one, two, three or more friends with spare cash in the scheme. It’s the best time to be a... Read More
MMM is among the top Nigerian trends today, and that is because the company announced the suspension of its operations for a month. There have been different types of reactions to that announcement. Some persons reckon that greed has finally caught up with the participants. @Chxta has some perspective to share. Please see below: 1/... Read More
Word on the streets has it that MMM has crashed but wait no… Before you die of a heart attack, this Twitter user has a precise explanation of what went wrong with him. By defining the simple process by which Ponzi schemes crash, he explains why MMM users need to not fret. Fellas, MMM didn't... Read More
It’s no news that MMM has gone on a month-long freeze. This suspension carries tell-tale signs of foreboding, if not in the moment, then in the long run. In matters such as these, there are a)mockers- those who reckon this is a perfect I told you so opportunity; there are foretellers, and those appealing sensitivity... Read More
So MMM Nigeria has decided to put their operations on pause until after the holidays. It’s anyone’s guess what the participants in the scheme think about this, especially as this season is prime spending time and people must have been banking on that money. See reactions to this announcement below: what happened to MMM —... Read More
1. Panic as MMM operations get frozen for a month Popular ponzi scheme MMM has frozen its operations for one month due to “heavy workload”. 2. ‘Pastor of Reigners Bible Church ignored stop work order’ There are strong indications that the collapse of a church building in Uyo, Akwa Ibom on Saturday was due to the pastor of... Read More
Operations of popular ponzi scheme, MMM Nigeria has been shut down for a month due to what the operators termed, “heavy workload”. According to a message sent by the admin to the dashboard of Mavros, the measure was taken so as to avoid difficulties in the new year. See message below: It will be recalled that the... Read More
Founder of MMM, Sergey Mavrodi has written an open letter to the Federal Government explaining how the ponzi scheme works. The letter which was displayed on the page of all participants said the Nigerian government was not providing for its citizens but keeps attacking a scheme which has been helping Nigerians. Mavrodi said participants were... Read More
Dear Resident, Of course I have no time for pleasantries. I don’t care whether you are well or not. I take that back. I need you to be well. Not necessarily in terms of health. I need you to be well to do. Actually, I know you are. If you weren’t, I’d be out of... Read More
Nigerian comedian, I Go Save has said President Muhammadu Buhari may soon join others Nigerians who are investing inponzi scheme, MMM. While speaking with Hip TV, the comedian said the recession being experienced in the country may force the President to invest in MMM. He said, “With the way this country is going, if care... Read More
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