Business

BREAKING!!! About-to-wed Man Drinks Insecticide Over Alleged ‘MMM Crash’ (Happening Now)

  • December 13, 2016

BREAKING!!! About-to-wed Man Drinks Insecticide Over Alleged ‘MMM Crash’ (Happening Now)

A soon-to-wed man simply identified as Adakole is currently between life and death after allegedly taking insecticide following the alleged crash of Ponzi scheme, Mavrodi Mondial Moneybox, famously known as MMM.

The incident happened in Otukpo, Benue State, after promoters and participants were thrown into confusion on Tuesday following the news that the ponzi scheme has been frozen. (more…)

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“OMG! I Invested N16Million in MMM”, Popular Media Personality, Noble Igwe Cries Out

  • December 13, 2016

“OMG! I Invested N16Million in MMM”, Popular Media Personality, Noble Igwe Cries Out

Noble Igwe shares hilarious tweets about MMM; says he invested his office rent. Today, It was announced that MMM Nigeria has frozen it’s members account for one month. Media personality, Noble Igwe took to twitter to share Hilarious tweets about how he invested his office rent in MMM, pleading that he wants his money back, even without the interest.

See screenshots below and read his story. (more…)

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EFCC Responds to User Who Called Them Out Over ‘MMM Crash’

  • December 13, 2016

 EFCC Responds to User Who Called Them Out Over ‘MMM Crash’

Nigerians have taken to Twitter to react to news of the freezing of all MMM Nigeria accounts.

A user @Lolami_Boo took to the platform to call out the EFCC for not preventing the crash.

EFCC immediately responded.

See Screenshot below (more…)

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JUST IN!!! The Owner of MMM Nigeria Unmasked + a Shocking Revelation (Photos)

  • December 13, 2016

 JUST IN!!! The Owner of MMM Nigeria Unmasked + a Shocking Revelation (Photos)

A Nigerian, who styled himself as Pastor Ernest Chigozie Mbanefo is the mastermind of the suspected Ponzi scheme known as MMM Nigeria.
According to an online report, Mbanefo is based in South Africa.

Communications Week said Mbanefo registered the site MMM-Nigeria.net domain on June 7, 2016 about at about 5 pm Nigerian time. (more…)

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How MMM Crashed in Zimbabwe & S/Africa and Why it May Have Finally Crashed in Nigeria

  • December 13, 2016

How MMM Crashed in Zimbabwe & S/Africa and Why it May Have Finally Crashed in Nigeria

 “MMM Pays investors not from genuine market investment of their funds, but from contributions made by new investors, until a point when the scheme can no longer attract new investors”.

“What it simply means is that the number of people in need of help has outnumbered the number of people joining. The Scheme Crashes. Right now we have nowhere to get our money which we invested.” (more…)

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MMM Nig: ‘I’m Doomed; I Need My Money Back…’ Tears, Wailings Trail Ponzi Scheme Freeze

  • December 13, 2016

MMM Nig: ‘I’m Doomed; I Need My Money Back…’ Tears, Wailings Trail Ponzi Scheme Freeze

Tears and wailing on Tuesday as Mavrodians wake up to the gory news of MMM Nigeria, the Ponzi Scheme freezing all money in its system till next year.

This single act, many participants believed may be the end of the Ponzi scheme system which the Central Bank of Nigeria has already cautioned the over 2 million participants to be wary of. (more…)

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BREAKING!!! Panic as MMM Feared Crashed; Freezes all Accounts

  • December 13, 2016

BREAKING!!! Panic as MMM Feared Crashed; Freezes all Accounts

Panic has spread among Nigerians participating in the online money lending scheme, MMM, as the scheme has placed a ban on all activated accounts for a period of one month.

The latest development by the ‘Wonder Bank’ scheme comes days after the founder of what has been described as a Ponzi scheme, Sergey Mavrodi, wrote an official letter addressed to the Nigerian Government clearing the scheme of its misgivings. (more…)

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MMM Founder Sergey Mavrodi’s Open letter to “Nigerian Authorities”

  • December 12, 2016

MMM Founder, Sergey Mavrodi has allegedly written an open letter to the Federal Government of Nigeria explaining the benefits of the scheme.

The letter was displayed on the page of all participants of the Scheme.

Recall the the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) had warned Nigerians against participating in the scheme which it described as a “Ponzi Scheme”. (more…)

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BREAKING!!! Buhari Bans Importation Of Vehicles Through Land Borders; Nigerians React (Pics)

  • December 5, 2016

BREAKING!!! Buhari Bans Importation Of Vehicles Through Land Borders; Nigerians React (Pics)

1. Importation of vehicles into Nigeria through the land Borders have been banned by the Federal Government. The prohibition order covers all new and used vehicles.

2. The Ban is sequel to a Presidential Directive restricting all vehicle imports to Nigeria Sea Ports only. The order takes effect from 1st January 2017. (more…)

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