Tag: MMM
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“Stop using us to gain cheap popularity,” MMM founder warns Journalists
Founder of Mavrodi Mondial Moneybox (MMM), Sergey Mavrodi, has written an open letter to Nigerian journalists, “analysts” and all kind of “experts” whom he claimed are responsible for the unnecessary tension and panic among MMM operators in the country. Mavrodi who expressed disappointed by the way MMM is being painted in the media, warns journalists…
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6 popular Ponzi schemes thriving in Nigeria
To survive the ravaging economic effects, Nigerians have decided to invest their hard earned money in popular but informal Ponzi schemes that promise to yield at least 30% profit of any sum invested. The High Yielding Investment Programs (HYIP) popularly known as Ponzi schemes which came to being in Nigeria this year, 2016 following the…
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Nigerian rapper dedicates song to MMM
Artistes occasionally record songs that resonate with social realities. A-Q a budding rapper recently released a song he dedicated to MMM Mavrodi Mundial Moneybox. MMM is a Ponzi scheme Nigerians are seeking refuge from in order to thrive in the present economic recession. A-Q is a budding rapper gradually getting the attention he desires for…
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Dial 112 if any one attempts suicide due to MMM crash – LASEMA
Sequel to the outbreak of the ‘frozen’ accounts and alleged crash of the Mavrodi Mondial Moneybox, otherwise known as ‘MMM’, the Lagos State Emergency Management Agency, LASEMA, has cautioned that suicide rate ‘may’ rise in the state. LASEMA gave the advice after a twitter user cautioned that suicide rates may increase in Lagos, due to…
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Groom in coma after N300k wedding savings hangs in MMM’s custody
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…
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We warned Nigerians on danger of MMM – EFCC
The Economic and Financial Crimes Commission (EFCC), Tuesday, reminded Nigerians of the several warnings issued to the public on the dangers of investing in the popular Ponzi scheme, Mavrodi Mondial Moneybox (MMM), as the scheme freezes operations for 30 days. The commission made the disclosure on their official Twitter account, @officialEFCC, while reacting to an…
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Why we froze Investors’ accounts – MMM Guider
…says accounts was frozen to put FG and MMM haters to shame …promises to be back by January 14th A top MMM guider, Chuddy has addressed MMM investors on the one month freeze of accounts. In a blog post on MMM BLOG on Tuesday, Chuddy called for calm among investors. He said the open letter…
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Funny tweets from Nigerians as MMM freezes accounts
It is no longer news that Money-doubling scheme, Mavrodi Mundial Moneybox, (MMM) has frozen the accounts of all confirmed Mavros. Nigerians took to Twitter to bare their minds on the latest development. [View the story “Tweets from Nigerians” on Storify]
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BREAKING: Tears as MMM website freezes operations in Nigeria
Nigerians panic on Tuesday as Money-doubling scheme, Mavrodi Mundial Moneybox, (MMM) shares confusing message on its website stating that it has frozen all confirmed Mavros, otherwise known as money due for withdrawal for one month. The operators of the scheme said in a message sent to all subscribers that the measure was put in place…
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Nigerians will suffer if MMM collapses, Founder Mavrodi warns
Sergey Mavrodi, founder of MMM has said the scheme is doing lots to help poor Nigerians make a living and warned that if the scheme collapses, Nigerians will suffer for it. In an open letter, MMM founder urged the government to look at the benefits of the scheme to over three million Nigerians in one…