Skip to main content

MMM asks Nigerian participants to ‘Promo Tasks’

Ahead of the restart of the Ponzi scheme Mavordi Mondial Movement (MMM) on 14 January, promoters have issued instructions to its participants whose accounts were frozen, to perform “Promo Tasks: A New Tool for MMM Community Development.”
In the MMM message, subscribers are told to perform tasks, both online and offline, to promote the scheme and drive “traffic and participation” by the time the restriction on the account is lifted.
“Being an MMM member implies not only opportunities, but also a responsibility for the state and development of the MMM Community”, the message said.
The information raises hopes of the almost three million Nigerians who invested in the scheme, following the ban on withdrawals on December 3, 2016.
On January 2, the scheme on its official Twitter handle, @MMMNigeriaHelp disclosed that participants’ accounts will be unfrozen on January 14.
Some of the participants have taken to social media to give reasons why the scheme should return.
MMM was a Russian company that perpetrated one of the world’s largest Ponzi schemes of all time, in the 1990s. By different estimates from five to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.
The scheme was banned in some African countries but has spread to Ghana and Kenya.

Comments

Popular posts from this blog

Southern Kaduna killings: SERAP drags FG to UN

Socio-Economic Rights and Accountability Project (SERAP) has petitioned Ms. Agnes Callamard, Special Rapporteur on extra-judicial, summary or arbitrary executions, urging her to “prevail on the Nigerian authorities to halt further killings of innocent citizens in Southern Kaduna.” The group also demanded investigation into recent alleged killing of over 800 citizens, mostly women, children and the elderly in that part of the country by suspected herdsmen, and to identify the perpetrators and bring them to justice, and to provide reparations to victims. The organization also asked Ms. Callamard to “request to visit Nigeria to conduct fact-finding mission into the circumstances surrounding the killings.” In the petition dated 30th December, 2016 and signed by SERAP executive director, Adetokunbo Mumuni, the organization expressed “concern that the killings of citizens in Southern Kaduna of Nigeria amount to serious violations of the rights to life; to security of the human person; to ...

Benue killings: I am not in a hurry to take decisions i

Following the killings, insecurity reports, accusations and counter accusations emanating from concern citizens of Nigeria over what they termed ‘kid glove’ treatment by President Muhammadu Buhari on the above burning national issues, Buhari on Thursday gave reasons why he remained calmed and not in a hurry to take decisions. The President at a dinner where he hosted chieftains of the All Progressives Congress (APC) in Abuja on Thursday said he is fully aware of the issues confronting the country and that he is guided by historical antecedents. ChannelsTv quoted him to have said, “I felt I had to invite you to let us eat together and I tell you that I am sitting here very much aware of the problem in this country. I will always reflect on historical antecedents. “I decided to drop the uniform and come back here (to be President of Nigeria), so I have gone through it over and over again. This is why I am not in a hurry to do anything. I will sit and reflect, and contin...

Don Jazzy, Wizkid, Davido make Forbes list of richest Africans

Forbes Africa has released its list of Richest African musicians. The list was put together using factors such as endorsement value, popularity, show rates, sales, awards, YouTube views, appearance in newspapers, investment, social media presence, influence and others. Nigerian artistes, Don Jazzy, Wizkid and Davido, are among the top ten richest African musicians. The top 10 are; 1. AKON Akon has over 35 million albums sold worldwide. He has won numerous awards including five Grammy Award nominations and has 45 Billboard Hot 100 songs under his belt. He tops the list according to Forbes Africa. 2. BLACK COFFEE, SOUTH AFRICA The multi-award-winning artist’s real name is Nkosinathi Maphumulo. He was born in South Africa’s house music province, KwaZulu-Natal (KZN) and raised in the Eastern Cape province, where Nelson Mandela hailed from, before moving back to KZN to study music. 3. HUGH MASEKELA, SOUTH AFRICA Hugh was born in Witbank, east of Johannesburg. He has released more than 43 ...