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Business Chuddy Ugorji: How MMM Nigeria’s Number One Guider Allegedly Made N5bn in One Year
As participants and investors continue to groan over the ‘crash’ of ponzi scheme, otherwise known as MMM, a certain Chuddy Anayo Ugorji, popularly referred to as “The MMM-Nigeria number one Guider,” has allegedly raked over N5billion within a year from the embattled system. According to a...- kemi
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Business CBN Reacts To MMM Nigeria Cash Freeze
In what may look like reaction to the alleged crash of the Ponzi scheme, the Central Bank of Nigeria (CBN) has once again cautioned Nigerians against investing in Mavrodi Mundial Moneybox (MMM). The scheme operators stopped the accounts of its investors in Nigeria two days ago, sain git is...- ProfRem
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Business MMM Nigeria Battles To Console Panic-Gripped Mavrodians
The operators of Mavrodi Mondial Moneybox, MMM, a ponzi scheme, are battling to console millions of panic-gripped Nigerians. About three million Nigerians are believed to have invested in the scheme. MMM on Tuesday, frozen by one month, payments of both capital and 30 per cent interest...- ProfRem
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Metro 14 Funny Memes After MMM Nigeria Cash Freeze
Yesterday was not a good day for many Nigerians who woke up to the news that the money-doubling scheme, MMM Nigeria, has frozen all the 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...- PressRoom
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Metro How MMM Warned Nigerians Before Freezing Everybody's Account
Several hours before it froze payments out of the system, MMM Nigeria warned its members not to be greedy. The scheme on Tuesday morning announced a temporary payment freeze on all accounts for a month. It said the measure is to ensure the sustainability and stability of the platform. The...- LequteMan
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Metro MMM Guiders Issue Statement Over 'Crash' of MMM Nigeria
Promoters of MMM Nigeria, referred to as MMM Guiders, have issued a statement, saying the scheme has not and will not crash. They said the temporary freezing of the scheme is to ensure that it is sustainable and stable in the long run. In addition, accounts will continue to grow with a 50%...- LequteMan
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[Video] Nigeria 13-12-2016: MMM Nigeria's Cash Freeze and Today's Other News Highlights
This video highlights the top news updates in Nigeria as we saw it on Nigerian Bulletin on Tuesday, 13 December, 2016 ---- NFF Denies Plan To Ban Super Falcons Two Nigerian Students Drown in Malaysia [SEE PHOTOS] Nigerian Scientists Claim To Have Discovered Complete Cure For HIV/AIDS NYSC...- PressRoom
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Metro Lagos State Emergency: If Anyone Tries To Commit Suicide Over MMM Nigeria, Call This Number
The Lagos State Emergency Management Agency LASEMA has released emergency number over possible suicide arising from MMM Nigeria frozen of its member account till January, 2017. The Emergency service released a contact number in a respond to a twitter user, @dejiLEYE who tweeted: “ Suicide rate...- ProfRem
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Metro MMM Nigeria: Groom-To-Be Drinks Insecticide Over Alleged Crash of Scheme in Benue
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, known as MMM. The incident happened in Otukpo, Benue State, after promoters and participants were thrown...- ProfRem
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Business EFCC Reacts to MMM Nigeria Cash Freeze
The Economic and Financial Crimes Commission, EFCC, Tuesday reacted to ‘frozen’ accounts and alleged crash of the Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ In a response to a Twitter user, @Lolami_Boo, who called out the EFCC, asking other MMM users to hold the agency responsible for...- ProfRem
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Business What MMM Nigeria Told Nigerian Bulletin After Cash Freeze
Members of the famous money-doubling scheme, Mavrodi Mundial Moneybox, MMM have been thrown into panic and great confusion, Tuesday, following the message from the ponzi scheme freezing all confirmed Mavros, otherwise known as money due for withdrawal for one month. This means, all the accounts...- ProfRem
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Business MMM Nigeria: 'I am Doomed; I Need My Money Back...' Tears, Wailings Trail 'Crashed Scheme'
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...- ProfRem
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Business Crash Panic Hits Mavrodians, As MMM Nigeria Freezes All Members' Money
Panic and probable loss of confidence on MMM Nigeria by members of the Ponzi scheme over a freeze on all money in the system. The shocker came early Tuesday morning as a the system placed suspension of members' cash till next year. According to a statement, the Ponzi Scheme administrator said...- ProfRem
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Metro Sergey Mavrodi: MMM Creator Writes Open Letter to Buhari [VANGUARD]
Sergey Mavrodi, founder of MMM, a ponzi scheme making the waves in Nigeria has written to the Buhari-led government, listing its benefits, Vanguard claims. The letter was displayed on the page of all participants. Here's a copy of the letter obtained from the Dashboard of one of the...- LequteMan
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Business MMM Will Soon Burst – Senate Puts Nigerians on Alert
The Senate Committee on Banking, Insurance and other Financial Institutions has warned that the ponzi investment scheme, MMM, is a pyramid that would soon burst. It then called on Nigerians to be wary of the investment model that originated from Russia. MMM involves directing clients to make...- kemi
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Business Access Bank Directs Customers Not to Invest in MMM Nigeria
Access Bank Nigeria has issued a statement warning to its customers to avoid investing in Mavrodi Mondial Movement, (MMM) a Ponzi scheme currently making the airways. “Please be advised that this scheme is not in line with any applicable or known investment product and may ultimately lead to...- LequteMan
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Metro [VIDEO] MMM is Satanic, Its Participants Are Demonic – Apostle Suleiman
General Overseer of Omega Ministries, Apostle Suleman has lent his voice to the controversy surrounding Ponzi scheme, MMM. While addressing his congregation, Apostle Suleiman said that any easy way to riches is not of God as they should desist from it. “If you are involved in MMM, you are...- kemi
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Metro MMM Nigeria Not my Property- Pastor Mbanefo Denies Ownership of Ponzi Scheme
Pastor Ernest Mbanefo, the man who is alleged to brain behind MMM Nigeria, the ponzi scheme currently making waves has denied ownership of the scheme. MMM Nigeria: Pastor Ernest Mbanefo, The Man Behind The Scheme Unmasked “I do not own MMM Nigeria," he said according to Concise News. “The...- LequteMan
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Business MMM Nigeria: Pastor Ernest Mbanefo, The Man Behind The Scheme Unmasked
A Nigerian, who styled himself as Pastor Ernest Chigozie Mbanefo is the mastermind of the suspected Ponzi scheme known as MMM Nigeria, according to Pageone report. The pastor, based in South Africa named Ernest Mbanefo reportedly registered the site MMM-Nigeria.net domain on June 7, 2016 about...- ProfRem
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Metro Join MMM And Stop Stealing, Social Media Users Tell Seun Egbegbe
Last week had Seun Egbegbe, a Nollywood film producer in the news. He was beaten by an angry mob at the Computer village in Ikeja for allegedly stealing nine iPhones from a shop on Medical Road. He was consequently arraigned at an Ikeja Magistrate Court on Thursday for stealing. According to...- PressRoom
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