MMM

Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media. Reports said the 62-year-old was rushed to the hospital late on March 25 with pain in his chest and died several hours later. Mavrodi’s ...

The Nigerian Deposit Insurance Corporation (NDIC) has said while quoting the social media that an estimated three million Nigerians have lost N18 billion in the Phonzi scheme, popularly called Mavrodi Mundial Movement(MMM). Speaking at the NDIC day at the ongoing 38th Kaduna International Trade Fair on Thursday,the Managing Director of ...

Freeze who has always been critical of the scheme penned down his two cents the issue. He said; � I predicted Donal Trump was going to be president, you told me to keep quiet. I warned you guys about MMM, you told me to shut up. You chose to listen ...

Since MMM’s decision to suspend the accounts of it patrons, reports of it crashing have abound. However, top guider Chuddy Ugorji kept reassuring participants of the scheme’s return. The re-installment of its operations on January 13 authenticated his credibility. Stringent guidelines such as set limit withdrawals at N31000, freezing of ...

The scheme was scheduled to resume on the 14th January, 2017 decided to return today as opposed to tomorrow to reduce panic. Below is the official announcement as seen in the PO of members: We are now open!!! :-)) Dear members, The holidays are over, and we’re now open. Just ...

MMM Nigeria has released new guidelines for participants in anticipation of January 14 relaunch of the ponzi system. In the new strategy, the Admin said programmers are working seriously with a new model which will be announced and implemented at a later date. MMM Nigeria has released new guidelines for ...

The founder of MMM , Sergey Mavrodi has taken to the news section of the MMM Nigeria page to write an appeal to Nigerian journalists  Below is the letter he wrote: Appeal to Journalists from Sergey Mavrodi Dear journalists, �analysts” and all kinds of �experts”! Please stop using MMM to ...

The Central Bank of Nigeria (CBN) has once again cautioned the citizenry against investing in the ponzi scheme, Mavrodi Mundial Moneybox ( MMM). The scheme operators stopped the accounts of its investors in Nigeria few days ago.CBN Director of Development Finance Dr. Mudashiru Olaitan gave the warning at a business ...

Chiamaka Chuddy Ugorji wedded her husband Chuddy Ugorji in a lavish wedding that went viral on Saturday, November 12, 2016. MMM froze users’ accounts yesterday and she has reached out to participants in an open letter. Read it below. Chiamaka & Chuddy’s wedding which took place at Elshadai Covenant Church, ...

​ Noble Igwe tweeted that he invested his office rent in MMM  He has in a story shared on his blog explained why he invested in MMM and it’s hilarious. Read below. Guys, I know a lot of people may have read my tweets this morning about MMM and some ...

MMM-Nigeria’, on Saturday donated relief materials worth N5 million to two Internally Displaced Persons (IDPs) camps in the Federal Capital Territory. The News Agency of Nigeria (NAN) reports that the gesture was part of the community’s humanitarian week tagged ‘MMM cares’ to mark its one year anniversary. The Gwoza and ...

The Economic and Financial Crimes Commission, EFCC, has confirmed ongoing surveillance on the MMM investment scheme. EFCC spokesman, Wilson Uwujaren, gave this indication in an interview with Daily Post on the sidelines of a training programme in Port Harcourt. Uwujaren, however, said the House of Representatives cannot direct the EFCC ...

One of MMM’s Promoter in Nigeria Chuddy Anayo Ugorji, walked down the Aisle over the weekend with with his wife Chiamaka Goodness Okeoma. The wedding which took place at Elshadai Covenant Church, 7 social clb road, Abul-egba Lagos, witnessed large turnout of well wishers and MMM guiders and participants. According ...

The Nigeria’s House of Representatives have ordered an investigation into the activities of Mavrodi Mondial Moneybox (MMM) scheme in Nigeria. According to the Speaker, House of Representatives , Hon. Yakubu Dogara a committee on Banking, Currency, and Financial Crimes will investigate the ponzi scheme. Dogara says the investigation is to ...

The Central Bank of Nigeria on Monday again warned Nigerians against patronising what it called ‘wonder banks, stating that their activities were not regulated by it. The Head, Consumer Protection Department, CBN, Hajiya Kadija Kassim, stated this during a mentoring programme for students of the Government Secondary School, Suleja, Niger ...

The music outfit owned by Chelsea Football star John Obi Mikel shot into the limelight two years back when they unwrapped their debut single ‘Bunka’ which instantly became a radio favourite. The video was directed by the celebrated Clarence Peters & the label went ahead to unleash their budding act, Charass who ...

Mikel Obi’s MMM Gang comes through with this tune titled Bunka. The single comes with an official video too. The team which is led by Mikel’s younger brother Edgar Obi presently have 4 Artistes on the label; Charass, No2, Mr Jay and Kido. Singles from Charass and Mr Jay are ...