How agricultural crowdfunding is different from MMM networks, gambling
Conventional banking institutions have increasingly found it difficult granting credit facilities to small-scale farmers and agro-allied businesses despite that Nigeria...
Undeterred by losses, Nigerians still embrace Ponzy schemes
Olusola Deji earns very little as a civil servant working in Lagos State. Indeed, he is quick to remind you of the age-long refrain, “my take home pay cannot take me home.”
Activist petitions EFCC over new ponzi scheme
Nigerian human rights activist, Comrade Deji Adeyanju has petitioned the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, over a new Ponzi scheme called Loom. The scheme, which recently started in Nigeria, promises a return of N8,000 for N1,000 and N104,000 for N13,000 in 48 hours. Loom was first reported in…
Group launches life-saving initiative to optimise healthcare
Mass Medical Mission (MMM) has launched ‘Health Education On The Go’, a community mobilisation campaign with the aim of expanding the impact of various free live-saving initiatives to the general public. At the launch in Lagos yesterday, the national coordinator, Dr. Ken Egwuchim, stated the importance of the initiative, noting ignorance as a major contributor…
Famous Ponzi Scheme MMM Shuts Down After Founder Mavrodi's Death
Following the death of its founder, Sergey Mavrodi, popular Ponzi scheme MMM has announced a global shutdown of all its operations. The network revealed in a statement that it would be unable to continue operations. It lost its founder, Mavrodi, to a heart attack after he was rushed to the hospital late on March 25…
How do you like your financial risk?
How do you like your risk when you’re investing your money? In your quest for profit and returns, are you prepared to risk it all and take an...
MMM, Sinzu And Other News That Made Our Week
The Christian religious book, The Bible, says that a good name is better than riches. From the mixed feelings that followed the return of names that once ruled Nigeria in the finance and music world to the takeover of the box office, this week turned out to be full of April Fools’ mischief. Brymo’s Space…
Nigerians React To MMM Founder's Death
Sergei Mavrodi the founder of MMM is dead. According to a report carried by the Russian media, the Russian businessman was rushed to the hospital on the 25th of March after several complaints of chest pain but is said to have died on the same day. He was 62 years.
CONSUMERS welcome to 2018
Year 2017 threw up a legion of evident consequences of the underlying intrigues that permeated every aspect of life in Nigeria.
MMM/Lagos karate tourney throws pu Olympic hopefuls
The Lagos State/Mavrodi Mondial Movement (MMM) U-18 Karate Championship has ended at the Rowe Park Sports Complex, Yaba, Lagos with Samchi Karate Academy of Lagos emerging champions.