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  • mmm-nigeria
    MMM Nigeria tries to calm panic-stricken participants

    The operators of Mavrodi Mondial Moneybox, MMM, a ponzi scheme, are battling to console millions of panic-stricken 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 accruing to investors. The announcement jolted Nigerian investors and

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  • mmm-nigeria
    MMM Crash: See reactions of Nigerians on social media

    Reactions have continued to trail the suspension of the ponzi scheme known as MMM in Nigeria Tuesday morning and below is  a compilation of tweets summarising the feelings and thoughts of Nigerians on the development.                                

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  • mmm-nigeria
    Pastor Ernest Mbanefo denies ownership of MMM

    Pastor Ernest Mbanefo, the man, who is believed to be the founder of the ponzi scheme currently making waves in Nigeria has denied ownership of the scheme. The media was awash with the news on Friday that the South Africa-based pastor was the owner of MMM Nigeria, a ponzi scheme that promised its members 30

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  • bayelsa-doctors-protest
    MMM now our surviving option – Bayelsa doctors cry out

    Resident doctors attached to the Federal Medical Centre, Yenagoa, Bayelsa State last week protested over unpaid four months salaries owed them by the Federal Government, threatening to withdraw medical services to patients on November 15. The protesting doctors, under the Association of Resident Doctors said though they have met the management of the Federal Medical

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  • mmm-nigeria
    MMM: Members defend scheme, term government opposition as witch-hunt

    Some promoters of Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria, have lambasted the House of Representatives for ‘witch hunting’ them. This is coming after the House of Representatives described the scheme as a “scam” and warned Nigerians to stop dealing in it. The lawmakers, on Wednesday, directed the Economic and Financial Crimes Commission,

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