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Business NDIC Reveals How Much Nigerians Lost To MMM
The Nigerian Deposit Insurance Corporation (NDIC) has said that an estimated three million Nigerians have lost N18 billion in the Ponzi scheme, popularly called Mavrodi Mundial Movement (MMM). Speaking at NDIC day at the ongoing 38th Kaduna International Trade Fair on Thursday, the Managing...- kemi
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Business 4,000 UNIOSUN Students Face Rustication For 'Investing School Fees In MMM'
The Management of Osun State university is set to expel over 4,000 students for allegedly investing their school in the ponzi scheme, MMM. The authority said students who fail to meet the deadline and did not want rustication should apply in writing to the authorities to grant leave of absence...- ProfRem
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Business MMM Nigeria Freezes Account of Participants Again
Ponzi scheme, Mavrodi Mondial Moneybox (MMM) has announced that it will be freezing the account of some of its participants for the second time. In a statement, the ponzi scheme owners said it has also introduced new measures to ‘serve them better’. “You constantly reproach us stating we don’t...- LequteMan
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Business Man Who Drank Insecticide Over MMM Crash Finally Dies
Adakole, the young man who drank insecticide over the crash of MMM is dead. According to Daily Post, Kole, as he’s fondly called, passed on Monday evening around Kubwa in Bwari Area Council of Abuja. It was reported by Daily Post that the deceased, who was about to wed last December drank...- kemi
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Business MMM Participant Loses N3m To Scheme, Cries Out For Help
A Facebook user identified as Kingsley Ugochukwu cries out as he alleged to have lost over N3Million to the popular MMM Ponzi scheme. He took to his Facebook profile to share his story, read below: i have been comporting myself and i think is high time to cry out for the word to hear my...- kemi
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Business MMM Lifts Withdrawal Limit, Sends Good News To 2017 Participants
MMM Nigeria has announced that there are no more limits on its participants (Mavros) acquired in 2017. However, those from 2016 remain under restriction. The ponzi scheme has about three million investors, before it announced a freeze in December. On January 13, MMM Nigeria resumed...- kemi
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Business Man Jailed For Investing Customer’s Money in MMM
A Karmo Grade 1 Area Court, Abuja, on Thursday sentenced one Hassan Joshua, 38, to two months’ imprisonment for criminal breach of trust and cheating, bordering on failure to pay back customer’s N430, 000. The judge, Alhaji Abubakar Sadiq, however, gave him N 10,000 option of fine and...- kemi
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Business 10 Things That Will Happen To Churches That Promoted MMM – Pastor Adelaja
Dr. Sunday Adelaja, a Nigerian Pastor based in Ukraine has lambasted men of God and churches that encouraged their members to invest in Mavrodi Mondial Movement, MMM. In an article he wrote, Adelaja said it was unfortunate that some clerics took the scheme to the church without doing...- kemi
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Business MMM Introduces New Measures as Top Guilder Flees Nigeria
As Ponzi scheme, MMM, continues to make improvements and complete its much anticipated new model, some measures are being put in place to make MMM better. The information below was posted on the MMM Nigeria team support Facebook group: 1. We are targeting sustainability. Not to destabilize...- kemi
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Metro Bida Poly Student In Hospital Bed: I Used My School Fees For MMM
As the fate of investors in the money doubling scheme,MMM hangs in the balance , students of the Federal Polytechnic, Bida in Niger state have lost their school fees in the ponzi scheme. The deadline for fees payment in the institution ended yesterday, but many students who invested in MMM are...- PressRoom
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Business Why MMM Boss', Chuddy Ugorji, Wife Fled Nigeria
The hope mavrodians have of retrieving their ‘investments’ and ‘profits’ from the Mavrodi Mondial Moneybox (MMM) Ponzi scheme continues to dim by the day, as Nigeria’s top guider, Chuddy Ugorji, has reportedly fled the country. It was gathered that Ugorji, left Nigeria with his wife to the...- ProfRem
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Business Nigeria: “I Am Not Sure I Will Survive, I Used Junior Staff Money For MMM” – Director Cries Out
Deltans participants in the controversial Ponzi scheme Mavrodi Mundial Movement (MMM) have protested their unpaid financial investments few weeks after the scheme resurfaced to abreast its overwhelming customers its readiness to pay those who invested their money. Investigation by Leadership...- ProfRem
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Business MMM Begins Payment, Issues New 11-point Guidelines
MMM Nigeria, the most popular ponzi scheme in the country, has started paying outstanding mavro (money) to participants of the scheme, TheCable reports. Kolade Ogunwande, a participant, who manages a number of accounts, told TheCable on Friday that N17,000 was paid into one of the accounts...- kemi
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Business ‘My Father is a Native Doctor’ - MMM Participant Threatens To Kill Mavrodi
Frustrated by his inability to ‘get help’ a Nigerian participant in Ponzi scheme, MMM, has threatened to kill its founder, Sergey Mavrodi. The participant who claims that his father is a native doctor threatened that his father will kill Mavrodi if his money is not paid in the coming two...- kemi
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Business Provide ‘Help’ To Get ‘Help’ – MMM Issues New Guideline
Popular Ponzi money doubling scheme, Mavrodi Mondial Movement, MMM, has come up with a stringent measure, after it appears participants are no longer willing to invest in the scheme. The scheme in a message to its participants said to get help, they must first provide one. In the message...- kemi
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- mmm get help mmm nigeria
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Metro Is This How MMM Plans to Stay Afloat in Nigeria?
Embattled ponzi scheme MMM has set up a new measure to stay afloat according to reports. The scheme is telling Nigerians to put more money into the system before they can receive their "unfrozen" money. According to a user on Nairaland, some participants who wanted to get help on Thursday...- LequteMan
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Business Why ‘Get Help’ Order Was Removed From Our Website – MMM Explains
Popular Ponzi money doubling scheme, Mavrodi Mondial Movement, MMM, has explained why the Get Help Order, GH, was removed from its site. Recall that the Ponzi scheme had in December suspended its operation with the promise to resume on January 14, 2017. Despite resuming a day ahead of its...- kemi
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- mmm get help mmm nigeria
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Business Why Participants With Huge Investment Have Not Been Paid – MMM Guider
A top guider on Ponzi scheme, MMM has revealed why participants with huge investments have not been paid. The guider on condition of anonymity spoke with Daily Post. Responding to why many participants who have millions of naira are yet to be paid, he explained thus: “We are processing, but...- kemi
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- mmm nigeria mmm participants
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Business MMM To Introduce 40% Interest Rate
Nearly a week after its return and the seeming less enthusiasm by Nigerians as against what obtained few months ago, owners of the Mavrodi Mondial Movement, MMM, may be considering a new strategy. Recall that MMM reopened operations on January 13, after one month freezing on accounts that...- kemi
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- mmm interest rate mmm nigeria
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Business MMM Nigeria: Anxiety Grips 'Investors' Over Inability To Get Help
Anxiety has gripped investors of the Mavrodi Mundial Moneybox (MMM) in Nigeria over their ability to ‘get help’ (GH). The suspension placed on Ponzi scheme in Nigeria last month was lifted on January 13, a day before the stipulated time by the founder, Sergey Mavrodi. A guider, who craved...- ProfRem
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