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Showing posts with label Nigerian Issues. Show all posts
Showing posts with label Nigerian Issues. Show all posts

Monday, 6 February 2017

The Fall Of MMM Nigeria : 4 Major Contributors

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The Ponzi scheme, Mavrodi Mondial Movement popularly known as MMN opened its operation in Nigeria, 2015 and grew larger and larger with several of Nigerian youths participating in the scheme. The Ponzi scheme was highly publicised and many youths and even older people began to see it as an escape route from the recession that had struck the country, all of them wanted to reap a harvest of 30℅ monthly from their "investments". Despite several warnings from the government and non participants of the scheme, the number of participants continued to increase until December 2016 when MMM announced a freezing of their system.


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