Shortly after celebrating one year of operations in Nigeria, MMM announced freezing of participants' accounts for one month. Follow latest news about MMM crisis on NAIJ.com
The NAIJ.com team has gathered the most important news that hit the headlines on Friday, January 13. Find all the stories you might have missed below.
For those whose money was locked up in the unannounced closure of the Ponzi scheme MMM last year December, the news of reopening is a source of joy to them.
The Securities and Exchange Commission (SEC), has warned Nigerians against investing in crypto currencies, such as Swisscoin, OneCoin, Bitcoin and others.
MMM Nigeria is back after one month of break. However, not every participant will be able to get their money at the moment, especially the rich ones.
The news that the popular MMM scheme has resumed has made so many participants happy. While many people are still unable to access their frozen funds, some are.
Members of the MMM community are filled with joy that the money doubling scheme is back after freezing their accounts in December and keeping them in suspense.
It appears the popular Ponzi scheme MMM which was suspended in December last year has been re-opened. A message on its website said it resumed a day earlier.
Authorities of Osun State University have reported about two million naira owed by students of the university who put money in the MMM ponzi scheme instead.
If you are in the MMM Ponzi scheme, you are probably familiar with the term 'guider'. A guider has given five vital tips to get paid as January 14 draws closer.
A Facebook user, Valentine Onu, has revealed how he is set to marry a lady that was matched with him on the now defunct/suspended MMM Nigeria. He made his inten
Ultimate Cycler is another Ponzi scheme, which Nigerians invest in. Started by Peter Wolfing, it seems like the only alternative following the crash of MMM.
Kamar yadda muka sani wannan bankin Mavrodi Mondial Moneybox MMM da asusun us ya daskare kwanakin baya da kudin jama’a ya tayar da hankalin jama’a da dama.
Now that MMM is on break, some Nigerians have refused to learn their lesson and are now moving to other Ponzi schemes like Givers Forum and Ultimate Cyclers.
A groom-to-be identified as Adakole who attempted suicide in Benue state at the news of accounts frozen by MMM organizers has opened up on his ordeal.
Nigerian pastor, Sunday Adelaja, has advised Nigerians to refrain from participating in Ponzi schemes and pyramids. MMM is a fraudulent way to make money.
The debut of popular money doubling scheme Mavrodi Mondial Moneybox (MMM) in Nigeria was like an addiction across the country. The scheme promises 30%.
In this conversation between a staunch MMM participant and a media person, it shows how these investors try to deal with their problems in the scheme.
Following the suspected crash of popular money scheme MMM, Nigeria's top guider, Chuddy Ugorji has thrown a lavish end of the year party to celebrate.
While Nigerians are waiting for regainging an acess to their MMM accounts that were frozen for about a month, local journalists are investigating the scheme.
You that invested into a scheme despite its dark history are not different from the Nigerian who voted Buhari in 2015 despite his past record as army general.
Chizoba Chiscolin Anyanwu in this piece replies Naij.com saying there is no difference between MMM and Nigeria companies that made promises and folded up.
What are the similarities and differences between the MMM and Ultimate Cycler Ponzi schemes?Should you put your money into any of these schemes? Or none at all?