MMM

On Friday, 5th February 2021, the CBN pronounced the ban on cryptocurrency operation in any form in Nigeria’s financial system as illegal and banned it. It could be recalled that the CBN had on two occasions in 2017 and 2018 warned that…

ADEBISI ADEMOLA Nigerians have again been advised to desist from investing their money in investments that offer unreasonable levels of returns at little risk to investors. This was stated by Ag. Director General of the Securities and…

The quest for quick and easy money has landed a 24 year old salesman in court for stealing and staking N3.5 million in MMM, a ponzi scheme. The salesman, John Okonkwo, who allegedly stole his employer’s N3.5 million and invested in the…

Controversial Ponzi scheme MMM has officially announced a “RESTART” of the system, leaving many Nigerian participants wailing with thousands and millions of Naira trapped in the scheme. In a message posted on the home page of…

The new payment mode of the controversial money-doubling scheme, Mavrodi Mundial Moneybox (MMM) has dampened morale amidst excitement of its return among its patrons. The scheme which resumed activities on January 13 now prioritise…