The MMM Founder has allegedly written an open letter to the Federal Government of Nigeria explaining the benefits of the scheme. The letter was displayed on the page of all participants of the Scheme. Recall the the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN)…
More Nigerians are becoming aware of MMM, which has been labelled a ponzi scheme and promises 30 per cent Return on Investment (ROI) after 30 days. The Central Bank of Nigeria (CBN) has warned Nigerians against patronizing the MMM scheme which stands for Mavrodi Mondial Moneybox. There have also been…
Twinkas, another Ponzi scheme similar to the troubled MMM, has started trending with memberships in different categories. According to the scheme, www.twinkas.com Twinkas said it was created “to promote the greatest good, with a particular emphasis on helping man and the environment”. It said that it had successfully revised all technical…
