MMM Archives - The Glitters Online

Nigerians Lost N18 billion To MMM- NDIC

Kazeem Tunde — Fri, 03 Mar 2017 05:17:44 +0000

Nigerians Lost N18 billion To MMM- NDIC The Nigeria Deposit Insurance Corporation (NDIC) has said three million Nigerians lost N18 billion in the Ponzi scheme, popularly called Mavrodi Mundial Movement (MMM). Speaking yesterday during the NDIC day at the 38th Kaduna International Trade Fair, the Managing Director, Alhaji Umaru Ibrahim, said despite repeated warnings by […]

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MMM Nigeria Top Guilder Chuddy, Wife Flee Nigeria

Kazeem Tunde — Wed, 25 Jan 2017 20:23:13 +0000

MMM Nigeria Top Guilder Chuddy, Wife Flee Nigeria Top Guider and first initiator of the popular ponzi scheme, mavrodi mondial moneybox, MMM, Mr. Chuddy Ugorji has reportedly fled the country with his wife, Amaka to the Philippines. Indications suggest that Mr. Chuddy fled because perhaps he knows MMM might not be able to pay its […]

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Pastor Sacked For Investing In MMM With Church’s Account

Kazeem Tunde — Wed, 18 Jan 2017 05:34:14 +0000

Pastor Sacked For Investing In MMM With Church’s Account The leadership of Omega Fire Ministries, led by Apostle Johnson Suleiman, has sacked one of its pastors, Joseph Aiyedun. The cleric was relieved of his duties after it was revealed that he used the ministry’s name and bank account to register for the popular money-doubling scheme, […]

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MMM Resumes, To Use Bitcoin, Pay Small Amounts First

Kazeem Tunde — Sat, 14 Jan 2017 06:14:46 +0000

MMM Resumes, To Use Bitcoin, Pay Small Amounts FirstOne month after the withdrawal bottom on Nigeria’s online Ponzi scheme, MMM was frozen, the scheme is back with new conditions for its subscribers, some of who have become more cautious.Some subscribers said while their faith in the scheme has not been eroded with the happenings in […]

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MMM Nigeria: Any One Trying To Commit Suicide? Dial 112-LASEMA

Kazeem Tunde — Tue, 13 Dec 2016 19:16:52 +0000

MMM Nigeria: Any One Trying To Commit Suicide? Dial 112-LASEMA The Lagos State Emergency Management Agency, LASEMA, has urged Nigerians to dial the emergency line, 112 if they see anybody trying to commit suicide as a result of possible frustration from the decision of the ponzi money-doubling scheme, Mavrodi Mundial Moneybox, […]

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Reps warn Nigerians against investing in MMM scheme

The Editor — Thu, 10 Nov 2016 10:31:45 +0000

The call was sequel to a unanimous adoption of a motion by Rep. Saheed Akinade-Fajabi (Oyo-APC) at plenary on Wednesday in Abuja.
Akinade-Fajabi, in the motion, said the scheme was set up by three Russian nationals in 1989 and that clients were made to invest monies with the hope to make 30 per cent interest in 30 days

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MMM: Looking beyond the ‘scam’ underpinning (1), by Israel A. Ebije

The Editor — Wed, 02 Nov 2016 17:05:25 +0000

The Security and Exchange Commission of Nigeria and the Central Bank of Nigeria have alerted on the implication of losing money to the acclaimed fraudulent online money making scheme. Financial analysts also believe it is a dangerous investment, more so that it has no guarantees, no legal documents signed and no visible business links established except for the cash transfers from and to people who are totally strangers

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