Business

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…)

Read More »

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…)

Read More »

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…)

Read More »

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…)

Read More »

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…)

Read More »

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…)

Read More »

Again, Naira Crashes to a New Low As More BDCs go Underground

  • December 2, 2016

Again, Naira Crashes to a New Low As More BDCs go Underground 

The Naira has depreciated further to N484 per dollar at the parallel market, IGBERE TV can report this Friday, December 2.

The currency weakened from N480 to N482, then further down to N484/$1 at the black market on Friday afternoon.

The local currency also crashed to N590 to a Pound from N585 and N510 for the Euro from N500. (more…)

Read More »

BREAKING!!! Buhari Denies Ordering GSM Operators to Hike Data Prices

  • November 30, 2016

BREAKING!!! Buhari Denies Ordering GSM Operators to Hike Data Prices

President Buhari has denied ordering GSM operators to increase data prices. Speaking through the Minister of Communication, Mr Adebayo Shittu, he disclosed that the Federal Government never gave any directive to telecommunications operators in the country to increase prices of data from Thursday, December 1, 2016 as claimed. (more…)

Read More »

Bag Of Rice Now Sells For N8, 000 – FG

  • November 30, 2016

Bag Of Rice Now Sells For N8, 000 – FG

The Central Bank of Nigeria (CBN) has said that Nigerians can now buy a bag of local Rice for N8,000 — as against N22, 000 obtainable with foreign rice.

This was disclosed by Isaac Okorafor, acting director of corporate communications of the apex bank in Yenagoa at a sensitisation workshop for farmers. (more…)

Read More »

Saraki, Sani, Others Move Against Buhari on Data Price Hike

  • November 30, 2016

Saraki, Sani, Others Move Against Buhari on Data Price Hike
Nigerians have reacted angrily to the recent directive by the Nigerian Communications Commission (NCC) to telecom operators to increase the tariff for data services, with several of them calling on the National Assembly to intervene in the matter. (more…)

Read More »