by Azeez Adeniyi Ponzi scheme, Mavrodi Mondial Moneybox popularly known as MMM has once again anounce that it would freeze accounts of participants and introduce new rules. In a statement released on Wednesday, the scheme said it will launch the new rules which will “stop the growth of confirmed Mavros acquired before the 1st of... Read More

freeze accounts, mavros, mmm, new rules, Ponzi Schemes

February 6, 2017

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Ebenezar Wikina: Meet the ponzi schemers [NEXT]

by Ebenezar Wikina 2016 was a tough year for many Nigerians. The economic recession, the fall of the naira, and many other challenges made Nigerians look for alternative means of survival, and one of the most popular methods many Millennials devised was ‘online networking business’ also known as Ponzi Schemes. A lot has been said... Read More

Opinion

Ebenezar Wikina, mmm, NEXT, nigeria, Ponzi Schemes

January 18, 2017

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Manasseh Egedegbe: A Little Bit More about Bitcoins

by Manasseh Egedegbe Definition of Money: Something generally accepted as a medium of exchange, a measure of value, or a means of payment. ~ Merriam-Webster Dictionary So I spoke a word about Bitcoin a few weeks ago. You can read it here. It was actually more than a word, it was just an introduction into... Read More

Opinion

bitcoin, CBN, crytocurrency, nigeria, Ponzi Schemes, wealth

January 13, 2017

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Is MMM’s return on Friday the 13th ill fated?

Let’s be honest. Oyinbos have their own jazz and superstitions. One of such is Friday the 13th. It is supposedly a day that brings ill luck. Or so they say. If you are one of those who believes in numerology, then you should know that according to the proponents, the number 13 carries with it... Read More

Opinion

elnathan john, Friday the 12th, mmm, nigeria, Ponzi Schemes

December 23, 2016

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Opinion: What CBN can learn from MMM

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

Opinion

bitcoin, CBN, economy, Kachikwu, mmm, nigeria, Ponzi Schemes, recession

December 21, 2016

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Harmony Levin: Let’s talk ponzi [NEXT]

by Harmony Levin “Society has the dynamic ability to change its form to suit its inhabitants in cossonance with the time and age” So it happened this past week, the week I finally had a firm grip on how far Ponzi schemes have seeped into our society. Though its effects are obvious and already crystal... Read More

Featured

dating, Harmony Levin, lessons, NEXT, Ponzi Schemes

December 14, 2016

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The Thread: MMM has not crashed; it has gone on midterm break

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

bants, economy, mmm, nigeria, Ponzi Schemes, recession

December 13, 2016

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The Thread: MMM | “Nigeria will remain fertile ground for any ponzi scheme”

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

economy, mmm, MMM crash, Ponzi Schemes, recession

December 13, 2016

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The Thread: MMM- the crash that was a long time coming

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

economy, mmm, MMM freeze, nigeria, Ponzi Schemes, recession

November 5, 2016

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Opinion: President Buhari has finally decided to join MMM gang

by Abiodun Shomoye President Muhammadu Buhari, my very own supported candidate for the position back then in 2015 has decided to sell me, my children, grandchildren and not forgetting great grandchildren. Hope I have not made the choice upcoming generations would blame me for? As a nation, we might soon tow the line of Osun State... Read More

Bobrisky, Buhari, economy, Governance, mmm, Nigender, Osun State, Ponzi Schemes, recession

MMM introduces new rules, to freeze participants’ accounts again

Ebenezar Wikina: Meet the ponzi schemers [NEXT]

Manasseh Egedegbe: A Little Bit More about Bitcoins

Is MMM’s return on Friday the 13th ill fated?

Opinion: What CBN can learn from MMM

Harmony Levin: Let’s talk ponzi [NEXT]

The Thread: MMM has not crashed; it has gone on midterm break

The Thread: MMM | “Nigeria will remain fertile ground for any ponzi scheme”

The Thread: MMM- the crash that was a long time coming

Opinion: President Buhari has finally decided to join MMM gang

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