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, 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 […]
Despite warnings from House of Representatives, Economic and Financial Crimes Commission, EFCC, Central Bank of Nigeria, CBN, promoters and participants of Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria, have become more resilient.
The participants are currently mounting campaign exercises to lure more Nigerians to the Ponzi Scheme as they have released branded shirts to be given as freebies to participants ready to go public about their success stories with hard evidences of financial gains.
Recall that the EFCC had confirmed […]
It was gathered that the Central Bank of Nigeria, CBN, has again asked Nigerians to dismiss reports that it has approved the operation of Russian ponzi scheme, The Mavrodi Mondial Movement, otherwise known as MMM.
The movement is a scheme that assures up to 30% interest of money invested.
A new report circulating online claimed that participants are challenging Nigerian authorities for “poking their nose into the affairs of well-meaning foreigners that have come to rescue them from money issues.”
It claimed that, […]
According to reports, the House of Representatives yesterday resolved to probe the internet-based wonder bank known as Mavrodi Mondial Moneybox (MMM) so as to save innocent Nigerians from falling prey to fraudsters and further experiencing financial ruin during recession.
Consequently, the lower legislative chamber has mandated its committees on banking and currency as well as that of financial crimes to look into the matter and submit its report in four weeks.
The resolution was sequel to the adoption of a motion of […]