MMM

Get Rich Quick or Stay Poor: Why Do Nigerians Fall for Ponzi Scams?
Get Rich Quick or Poverty: Why Do Nigerians Fall for Ponzi Scams?

Almost every year—particularly since the collapse of MMM, a Ponzi scheme that swindled Nigerians out…

How influencers, friends and family members lure us into Ponzi schemes and investment scams
How influencers, friends and family members lure us into Ponzi schemes and investment scams

“Good morning. Sorry to ask, if I introduce you to a platform where you would…

The history of Ponzi scheme and why Nigerians are playing big

With the crash of MMM came tens of Ponzi websites and platforms that sprang up to take its place.

7 Myths About Online Trading Debunked

In Nigeria especially, there are so many misconceptions about online trading.

MMM founder, Sergey Mavrodi dies of heart attack in Moscow

Sergey Mavrodi died on Monday after feeling pain in his chest.

27 operators of “Local MMM”, other illegal financial institutions arrested in Oyo

The EFCC has arrested 27 suspects for allegedly running illegal financial institutions.

“NNN is dead on arrival” – Nigerians wary of another ponzi scheme

Nigerians are aware that, like MMM, NNN is another ponzi scheme that is sure to crash.

MMM Return: Only “poor” members to receive payment, huge investors will take cuts

MMM members who have invested huge sums of money will have to wait till the scheme can “afford” to pay them, or they might eventually be asked to take pay cuts.

MMM Nigeria returns but with 3 major changes

The scheme may have successfully robbed wealthy Peter to pay pauper Peter.

BREAKING: Suspected ponzi scheme, MMM reopens!

The suspected ponzi scheme which announced the freeze of participants’ accounts in December announced its return on Friday, January 13.

National Assembly: Senate resumes plenary, announces removal of Ali Ndume as Senate leader

Senator Ali Ndume has been replaced, with immediate effect, with Senator Ahmed Lawan as Senate leader.

MMM accounts remain frozen, members lobby House of Reps to legalise scheme

Among all other pressing issues lawmakers will be faced with when plenary session resumes January 10, they will also have to deliberate on legalising ponzi schemes.

MMM Nigeria superstars warn critics to “mind your business” in New Year music video

The MMM acapella titled “Mind Your Business” is a cover of gospel title “You Deserve It” by JJ Hairston.

House of Reps calls for MMM ban before people “commit suicide”

As part of its ‘duties’ to ‘prevent’ Nigerians from committing suicidal acts, the House of Representatives has called for the ban of Mavrodi Mondial Moneybox, popularly referred to as MMM.