Economist Tunji Andrews loses his cool over popularity of Ponzi Scheme

The Ponzi scheme

Even a respected Economist such as Tunji Andrews couldn't keep his cool when talking about MMM.

Andrews blamed the harsh and anti-policy CBN policies that have forced Nigerians to take in a clear Ponzi scheme such as MMM.

He also said that Nigeria as a country hasn't learnt any lesson about the failed Ponzi schemes that rocked the country in 2007 and 2008. Tunji Andrews actually has a point or two in his brief video.

In a live poll by Pulse Nigeria on Thursday, December 1, 2016, Nigerians said that popular Ponzi scheme MMM has better interest for them than the Central Bank of Nigeria.

A total of 917 Nigerians voted for MMM while 147 Nigerians voted for the CBN.

ALSO READ: 5 reasons Nigerians love MMM

"MMM has healed the wound of Nigerian wise citizens caused by Nigerian corrupt government... MMM is the best testimony after good health" wrote Ikem Azubike on Pulse Nigeria's Facebook page.

Chidiebere Ukagha was of a different opinion. "I support CBN am afraid MMM killing the future of Nigeria. because of MMM nothing like creativity. MMM shows how the level of lazy folks we have in our country Nigeria."

By the result of the poll, it is evident that Nigerians have lost faith in this administration and are relying on Ponzi schemes such as MMM Nigeria and Ultimate Cycler to survive.

In November, the Central Bank of Nigeria (CBN) finally issued a warning about the Ponzi scheme.