Ponzi scheme website more popular than Facebook in Nigeria

MMM website is now more popular than the social networking site Facebook as more people sign up for the Ponzi scheme.

God hates MMM, Christian says

Despite the revelation that MMM is a Ponzi scheme and CBN advising Nigerians not to invest in it, MMM has grown in popularity as more Nigerians are signing up.

MMM Nigeria donated relief materials worth N5 million to two Internally Displaced Persons (IDPs) camps in the Federal Capital Territory.

The News Agency of Nigeria (NAN) reports that the gesture was part of the community’s humanitarian week tagged ‘MMM cares’ to mark its one year anniversary on Saturday, November 19, 2016

The Gwoza and Bama IDP Camp located in Durumi area and the New Kuchingoro IDP camp were the two beneficiaries of the relief materials.

Bags of rice, beans, Garri, as well as cartons of beverages and noodles, were some of the items donated by the group.

The group also donated clothing, drugs, and educational materials for the pupils among them.

The Economic and Financial Crimes Commission (EFCC) is investigating the Mavrodi Mondial Movement (MMM) investment scheme, its spokesperson has said.

EFCC spokesman, Wilson Uwujaren, also spoke on the House of Representatives order to shut down the scheme.

“We can only arrest people based on the evidence that we have. The House made a resolution but the resolution is a public announcement,” Uwujaren told Daily Post.

The Central Bank of Nigeria (CBN) had earlier warned Nigerians not to participate in the scheme.


Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

EFCC Chairman Bawa says Tinubu is under investigation

Mercy Aigbe and her estranged husband Lanre Gentry drag each other on Instagram over Father's Day post

‘He says he’s charging his manhood’ – Horny wife cries as husband starves her of sex for 4 years

#BuhariMustGo protesters just blocked the airport road in Abuja

Wizkid took his friends to dinner and spent N3.6M

Mercy Aigbe's estranged husband calls her a prostitute as they continue to drag each other on IG

Lagos panel receives autopsy reports of 99 persons killed during #EndSARS protests

Police inspector goes crazy, shoots 5 to death, injures 4 in Enugu

BBNaija's Nina undergoes plastic surgery