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Showing posts with label Mavrodi Mondial Movement. Show all posts
Showing posts with label Mavrodi Mondial Movement. Show all posts

After MMM Crash, Another Ponzi Scheme, NNN Springs Up In Nigeria; Pays Better Than MMM

After MMM Crash, Another Ponzi Scheme, NNN Springs Up In Nigeria; Pays Better Than MMM

Despite the panic and pain some Nigerians are experiencing over the freezing of the operation of the Ponzi scheme, popular Mavrodi Mondial Movement (MMM), another scheme enticing people with mouth-watering profits has emerged and appears to be drawing fresh victims into its fold.

The new platform,  which calls itself NNN, is similar in scope and operations with MMM.

On its website, just like MMM, NNN also warns its prospective participants telling them it is not a bank but simply a platform of helping participants to connect needy people.

“NNN is not a bank, NNN does not collect your money, NNN is not an online business, HYIP, investment or MLM programme. NNN is a community where people help each other. NNN gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE,” it said on its website.

To attract people, the scheme is promising returns higher than the MMM, which has now reportedly taken its operations to Ghana and Kenya.

Apart from offering returns as high as 35 per cent in three weeks, it also claims subscribers could earn as much as 50 per cent, claiming that some subscribers were already participating in the scheme and making money.

Though it could be a ploy to attract people into its fold as the MMM did, the scheme posted video clips of some individuals who claimed to have benefited and are still participating in the scheme.

For instance, some participants said in the clips: “I am Kehinde Olajide by name. I joined NNN on 11th November, 2016 and I provided help of N30,000. Today 2nd December, 2016 I seek help of N45,000 which waa split among two donors. In fact, I was amazed when I saw the alert. God help NNN! NNN shall never crashed (sic).

“Thanks to every participant. requested for help, less than 24 hours after I was matched and received payment immediately. NNN is the best. I donated N10,000 less than three weeks I was given N13,507.”

“My name is Ameh Audu. I donated N30,000 and was paid N45,000 from three participants, each paid, N2500, N35,500 and N7,500 respectively (sic).

Sunday Tribune could not get official reaction to the new scheme, which appears to be trying hard to fill the vacuum of MMM frozen operations. But only on Friday, in Kaduna, Mr Umaru Ibrahim of the Nigerian Deposit Insurance Corporation (NDIC) still warned Nigerians to be wary of such money-doubling schemes without official guarantees or indemnity.

According to him, such schemes with no known investment portfolios and platforms could only end in disaster for participants just as the over three million Nigerians who were said to have  invested millions of Naira in MMM and whose fate now hangs in the balance.

Despite the panic and pain some Nigerians are experiencing over the freezing of the operation of the Ponzi scheme, popular Mavrodi Mondial Movement (MMM), another scheme enticing people with mouth-watering profits has emerged and appears to be drawing fresh victims into its fold.

The new platform,  which calls itself NNN, is similar in scope and operations with MMM.

On its website, just like MMM, NNN also warns its prospective participants telling them it is not a bank but simply a platform of helping participants to connect needy people.

“NNN is not a bank, NNN does not collect your money, NNN is not an online business, HYIP, investment or MLM programme. NNN is a community where people help each other. NNN gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE,” it said on its website.

To attract people, the scheme is promising returns higher than the MMM, which has now reportedly taken its operations to Ghana and Kenya.

Apart from offering returns as high as 35 per cent in three weeks, it also claims subscribers could earn as much as 50 per cent, claiming that some subscribers were already participating in the scheme and making money.

Though it could be a ploy to attract people into its fold as the MMM did, the scheme posted video clips of some individuals who claimed to have benefited and are still participating in the scheme.

For instance, some participants said in the clips: “I am Kehinde Olajide by name. I joined NNN on 11th November, 2016 and I provided help of N30,000. Today 2nd December, 2016 I seek help of N45,000 which waa split among two donors. In fact, I was amazed when I saw the alert. God help NNN! NNN shall never crashed (sic).

“Thanks to every participant. requested for help, less than 24 hours after I was matched and received payment immediately. NNN is the best. I donated N10,000 less than three weeks I was given N13,507.”

“My name is Ameh Audu. I donated N30,000 and was paid N45,000 from three participants, each paid, N2500, N35,500 and N7,500 respectively (sic).

Sunday Tribune could not get official reaction to the new scheme, which appears to be trying hard to fill the vacuum of MMM frozen operations. But only on Friday, in Kaduna, Mr Umaru Ibrahim of the Nigerian Deposit Insurance Corporation (NDIC) still warned Nigerians to be wary of such money-doubling schemes without official guarantees or indemnity.

According to him, such schemes with no known investment portfolios and platforms could only end in disaster for participants just as the over three million Nigerians who were said to have  invested millions of Naira in MMM and whose fate now hangs in the balance.

MMM Nigeria: THE UNTOLD Why The Ponzi Scheme Actually Freezes Participants Accounts, See Raw Document Of Evidence

MMM Nigeria: THE UNTOLD Why The Ponzi Scheme Actually Freezes Participants Accounts, See Raw Document Of Evidence

MMM Nigeria: THE UNTOLD Why The Ponzi Scheme Actually Freezes Participants Accounts, See Raw Document Of Evidence
Mavrodi Mondial Movement, known simply as MMM, has frozen accounts of participants, sparking fears that the Ponzi scheme has crashed.

 The Ponzi scheme, which has since been declared illegal by the Federal Government, in a message to participants, confirmed that it has frozen all accounts.


 It, however, insisted that the scheme had not crashed and that the accounts were being frozen for only one month to avoid challenges during the Yuletide.





MMM Nigeria: THE UNTOLD Why The Ponzi Scheme Actually Freezes Participants Accounts, See Raw Document Of Evidence
Mavrodi Mondial Movement, known simply as MMM, has frozen accounts of participants, sparking fears that the Ponzi scheme has crashed.

 The Ponzi scheme, which has since been declared illegal by the Federal Government, in a message to participants, confirmed that it has frozen all accounts.


 It, however, insisted that the scheme had not crashed and that the accounts were being frozen for only one month to avoid challenges during the Yuletide.





SHOCKER: Why MMM Subcriber Commits Suicide In Enugu

SHOCKER: Why MMM Subcriber Commits Suicide In Enugu

SHOCKER: Why MMM Subcriber Commits Suicide In Enugu
A final year student of Agricultural Engineering at the University of Nigeria, Nsukka (UNN), who is also reported to be a participant of the Mavrodi Mondial Movement investment scheme (MMM), has committed suicide.

According to an online medium, Premium Times, the student, identified as Tobechukwu Okeke, was found on Sunday morning, dangling from a rope in his room at Odenigwe, a community in Nsukka, Enugu State.

The deceased was said to have left a note behind where he apologised to his family, according to accounts by a neighbour. The contents of the note read: “Mother, father, brother, I’m sorry. Ify, may your children never suffer. Uncle Mathias, you gave me all. I am sorry. Death calls. Linguistic department, I am sorry. Okeke Tobechukwu S. 2012/185649,” the neighbour, who did not want to be named, quoted.


Though the cause of Okeke’s death is yet to be ascertained, some of his neighbours suggested that he was in debt, some said he was tired of schooling, others attributed his suicide to the loss of money in a network business he invested into.

The deceased’s last Facebook posts showed he had been involved in the controversial MMM scheme, as he used his page to advertise the scheme. His last post, in September, read: “MMM is enriching lives of millions of Nigerians everyday. If you care to join or you have any questions, please send me a message or comment below.”

One of the deceased’s colleagues, who also did not want to be named, said he was given an electrical wiring job to do at the department of Linguistics in the university, because of his expertise in electrical works. “I saw him this (Sunday) morning, he seemed to have a problem which he needed money to solve,” the colleague added.

The university authorities have also confirmed the incident, but said the family had not officially informed the institution. Uju Umo, the university’s Dean of Student Affairs said: “I travelled for a burial last weekend and yesterday I got a text message saying a student had committed suicide.

“It happened at Odenigwe, one of the host communities outside the school and I was told he left a suicide note apologising to his fellow gamblers.”

Similarly, Chukwu Emmanuel, the university’s student union president, also confirmed the incident, and said the matter was being investigated. “There’s no concrete details for now,” he added.

People close to the deceased described him as a comedian, who always used jokes to awake sleeping students during night classes. “He used to go around to classes at night to crack jokes and encourage students to forget their worries.”
SHOCKER: Why MMM Subcriber Commits Suicide In Enugu
A final year student of Agricultural Engineering at the University of Nigeria, Nsukka (UNN), who is also reported to be a participant of the Mavrodi Mondial Movement investment scheme (MMM), has committed suicide.

According to an online medium, Premium Times, the student, identified as Tobechukwu Okeke, was found on Sunday morning, dangling from a rope in his room at Odenigwe, a community in Nsukka, Enugu State.

The deceased was said to have left a note behind where he apologised to his family, according to accounts by a neighbour. The contents of the note read: “Mother, father, brother, I’m sorry. Ify, may your children never suffer. Uncle Mathias, you gave me all. I am sorry. Death calls. Linguistic department, I am sorry. Okeke Tobechukwu S. 2012/185649,” the neighbour, who did not want to be named, quoted.


Though the cause of Okeke’s death is yet to be ascertained, some of his neighbours suggested that he was in debt, some said he was tired of schooling, others attributed his suicide to the loss of money in a network business he invested into.

The deceased’s last Facebook posts showed he had been involved in the controversial MMM scheme, as he used his page to advertise the scheme. His last post, in September, read: “MMM is enriching lives of millions of Nigerians everyday. If you care to join or you have any questions, please send me a message or comment below.”

One of the deceased’s colleagues, who also did not want to be named, said he was given an electrical wiring job to do at the department of Linguistics in the university, because of his expertise in electrical works. “I saw him this (Sunday) morning, he seemed to have a problem which he needed money to solve,” the colleague added.

The university authorities have also confirmed the incident, but said the family had not officially informed the institution. Uju Umo, the university’s Dean of Student Affairs said: “I travelled for a burial last weekend and yesterday I got a text message saying a student had committed suicide.

“It happened at Odenigwe, one of the host communities outside the school and I was told he left a suicide note apologising to his fellow gamblers.”

Similarly, Chukwu Emmanuel, the university’s student union president, also confirmed the incident, and said the matter was being investigated. “There’s no concrete details for now,” he added.

People close to the deceased described him as a comedian, who always used jokes to awake sleeping students during night classes. “He used to go around to classes at night to crack jokes and encourage students to forget their worries.”

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