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YNaija April 15, 2023

Adamawa, Kebbi, and other states conduct supplementary elections; Nobody can force me to leave Nigeria – Peter Obi | 5 Things That Should Matter Today

Adamawa, Kebbi, and other states conduct supplementary elections Nobody can force me to leave Nigeria – Peter Obi Collapsed building in Banana Island yields one fatality Gov Uzodinma selected as…

Roqeebah March 2, 2017

3 million Nigerians lost 18 billion to MMM: here’s how that happened

The Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has just made the claim that about 3 million Nigerians lost a total of 18 billion Naira…

Tolu March 2, 2017

We never learn: Nigerians lost N18bn to MMM, and now we’re looping in our losses

Did we see this crash coming? Yes, sure. Did MMM participants also see it coming? Hell yeah, they all did. But because Nigerians are built to be tough and unrelenting,…

Oludolapo Adelana March 2, 2017

3 million Nigerians lost N18bn to MMM – NDIC

by Dolapo Adelana The Nigerian Deposit Insurance Corporation (NDIC) has said about three million Nigerians lost N18 billion to Ponzi scheme, Mavrodi Mundial Moneybox, popularly called (MMM). The Managing Director…

Azeez February 21, 2017

Man dies after drinking insecticide over MMM collapse

by Azeez Adeniyi A 37-year-old man simply identified as Adakole has died after attempting suicide following the crash of popular ponzi scheme, Mavrodi Mondial Moneybox, popularly called MMM, Daily Post…

Op-ed Editor January 13, 2017

The Thread: MMM’s mannequin challenge has come to an end

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…

Azeez January 11, 2017

I did not endorse MMM – Femi Adesina

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…

Tolu January 4, 2017

As MMM makes a comeback, here are 5 ways to get yourself prepared

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…

Azeez January 1, 2017

‘KICC’s Pastor Ashimolowo didn’t lose $5m to ponzi scheme’

The Kingsway International Christian Centre, KICC has reacted to a recent report in which its Senior Pastor, Pastor Mathew Ashimolowo was alleged to have lost $5 million in a ‘Ponzi…

Oludolapo Adelana December 29, 2016

The Late 5: These are the stories that drove conversations today

These are the top five stories that drove conversations today. 1. ‘Kill everybody you can kill’- Wike to Fayose during a post-election phone call (LISTEN) Rivers governor, Nyseom Wike was recorded telling…

Isime Esene December 17, 2016

INVESTIGATION: MMM, the ponzi scheme that saved a thousand lives, then killed a thousand 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…

Oludolapo Adelana December 13, 2016

The Big 5: These are the stories that drove conversation today

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…

Tolu December 13, 2016

Dear Nigerians, @AATSarumi wants you to believe MMM Nigeria didn’t crash…

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…

Op-ed Editor December 13, 2016

The Thread: MMM- the suspension before the crash

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…

Oludolapo Adelana December 13, 2016

Panic as MMM Nigeria operations get frozen for a month

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…

Oludolapo Adelana December 5, 2016

MMM is satanic – Apostle Suleman (WATCH)

Founder of the Omega Fire Ministry, Apostle Johnson Suleman says Ponzi scheme, MMM is satanic. An Instagram user @Klintoncod shared excerpts of a sermon preached by Suleman where the clergy man…

Azeez December 2, 2016

Owner of MMM Nigeria revealed (MUST READ)

A Nigerian based in South Africa, Ernest Chigozie Mbanefo has been uncovered as the owner of the popular ponzi scheme, MMM Nigeria, TheCable reports. The News Agency of Nigeria also…

Op-ed Editor November 18, 2016

Opinion: Cold comfort from the Honourables

by Anthony Ademiluyi A friend of mine placed a distress call to me to help him clear an embarrassing debt. I explained that I was going through hard times and…

Mazi Emeka September 12, 2016

YNaija Editorial: Before the MMM pyramid comes crashing down

On August 30th, the Securities and Exchange Commission issued this statement about a fake online investment scheme called MMM. The statement said: The attention of the Securities and Exchange Commission,…

March 3, 2013

Cece Winan’s nephew, Michael Winans Jr. jailed 14 years for $8 million fraud targeting churches

Michael Winans Jr., of the popular Gospel-singing Winans family, was sentenced this week to nearly 14 years in prison for taking advantage of "good, decent church-going people" in an $8…

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