Two MMM agents sent to jail over breach of trust
According to the separate First Information Reports (FIR) read to the court, Fojo allegedly collected N229, 000 from one Sani Salisu of Unguwar Sodangi in Malumfashi to invest in the scheme.
MMM sets withdrawal limit for participants
Operators of Mavrodi Moneybox Mundial (MMM) Nigeria have set a temporary fund withdrawal limit for its participants as the level of investment in the alleged Ponzi scheme dipped since its return from a one-month hiatus on January 13.
'Expect panic,' MMM says as it returns day ahead of schedule
MMM Nigeria, an alleged Ponzi scheme which down tools in mid-December 2016 has commenced operations, a day ahead of the January 14 earlier promised for the resumption of operations but warned participants that "panic will reign in the first few days."
Cold comfort from the honourables
The House of Representatives ‘rose up to the challenge’ last week by ordering the arrest of the promoters of the scheme by the Economic and Financial Crimes Commission (EFCC).