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MMM Is Back – And Some Nigerians Are Falling For It

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The popular ponzi scheme, Mavrodi Mundial Moneybox, which gave lots of Nigerians heart attack after defrauding them, has reportedly come back.

 

Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back but not with a bang.
This time dubbed MMM Cooperation, the scheme promises as much as 50 percent return on any amount invested in it — 20 percent more than what the extinct version offered.
Just like the previous version, participants are to register, invest a particular amount in the form of “providing help” and “get help” with their investment and interest back after 30 days.
And some Nigerians are falling for it yet again!
The scheme had announced a shut down in April 2018 following the death of Sergei Mavrodi, its founder.
“After much deliberation, we have made the conclusion that continuing the system operation, without our leader and ideological inspirer, is impossible and makes no sense,” a message on MMM Nigeria website had read.

‘A NEW DAWN’

In a surprising turn of events, however, the scheme announced it had re-launched globally since January “to make Mavrodi’s legacy worthwhile.”
“Like sunrise in the morning , MMM Cooperation set the pace on the 22nd of January 2019 all over the world. From negligence by many to fear of unknown by prospective participants at the beginning; we are were we are today being most populous platform all over the world with 6MILLION participants all in space of 4months,” a message on its website read.
On Twitter, one of the guiders, who act as coordinators in the scheme, announced a WhatsApp group for interested persons to join and some have indicated interest.
The Whatsapp group tagged “Guider’s Group 7”, was created on Tuesday. Already, it has 243 participants — with 142 of them joining less than 24 hours after this reporter joined on Friday to monitor proceedings.
From time to time, people share their experience on the scheme, usually ending up with phrases like “no risk, no gain”. More people are joining and investing — and that is just one of the groups of the numerous guiders operating with the scheme.

HOW PONZI SCHEMES WORK

A Ponzi scheme is usually structured to look simple but is highly effective and lures in new investors with the promise of very high returns. How? The operators convince prospective participants to invest any amount they have in the scheme. The participants having invested then receive what they believe to be returns, but are actually payouts from the money brought in by newer participants. With he supposed returns, the investors pump more money into the scheme and encourage others to key in — that way, the circle continues until it goes beyond the capacity it can contain.
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OAU Student Pours Sniper Into Her Bunkmates Mouth During An Argument (Photos)

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Apparently, a girl in Mozambique hall in Obafemi Awolowo University, Ile-Ife poured sniper into her bunk mates mouth during an argument.
The victim is now at the health centre pleading that they do all they can to make her live.
According to a source, the said victim is foaming and bleeding profusely.
However, the security officers arrived the crime scene in time and took custody of the culprit.
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I’ve never seen INEC server, PDP witness tells court

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The witness said he only heard about a “central server” from the INEC chairman.


Former Aviation Minister, Osita Chidoka, says he has never seen the server used by the Independent National Electoral Commission (INEC) for collation of results.

Chidoka, a member of the Peoples Democratic Party (PDP), is also witness in a case challenging President Muhammadu Buhari at the 2019 presidential election.Former Vice President, Atiku Abubakar, had claimed that he defeated President Buhari with at least 1.6 million votes according to data obtained from the INEC server.

Speaking at the Presidential Election Petition Tribunal sitting in Abuja on Friday, July 19, 2019, Chidoka said he does not know what the server looks like.

Chidoka, who was a collation officer during the election, maintained that the INEC chairman had said that results would be transmitted from card readers to the central server.“I have not seen the server but INEC consistently told us of the server and the INEC Chairman at the national collation of results of the election acknowledged the existence of the server,” he said.

“I was there when the results were collated,” Chidoka emphasised.
He acknowledged that collation of results was also done manually

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Burna Boy set to drop new Album titled “African giant”(Photos)

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Burnaboy to realease new Album “African giant”

Nigerian Award-winning singer, Damini Ogulu popularly known as Burna Boy has unveiled cover and release date for his forthcoming project titled African Giant.
The spaceship leader, Burna Boy has completely made the album and he is ready to set it out a few days from now.

Hence, the singer took to his Twitter handler today to share the release date of his forthcoming studio project ‘African Giant’ alongside with the cover art.
According to him and Spaceship Entertainment, the album is scheduled to be released later this month on the 26th of July. Like we already know it will be compiled of new tracks and previously released like ‘Dangote‘, ‘Anybody‘, ‘On the Low‘ and more.Furthermore, the project will serve as a follow up to his OUTSIDE album which he releases January Last year.

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Odion Ighalo wins Africa Cup of Nations Golden Boot

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Odion Ighalo wins Africa Cup of Nations Golden BootOdion Ighalo has won the 2019 Africa Cup of Nations Golden Boot for the first time, having scored five goals for Nigeria in the Championship.
The 30-year-old moved two goals clear of Riyad Mahrez, Adam Ounas, Cedric Bakambu and Sadio Mane following his first-half strike against Tunisia in the third place match.
It marked Ighalo’s first Golden Boot in his debut Afcon as that helped the Super Eagles finish third in Egypt.

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WWE has given The Undertaker and Roman Reigns a tag team name for their new merchandise

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Roman Reigns and The Undertaker will team up on Sunday night at Extreme Rules and all signs point to this being a one-time thing as a team but that hasn’t stopped WWE from coming up with a name for them for merchandise purposes.
Just in time for their big match against Shane McMahon and Drew McIntyre, WWE has created shirts to represent the team. As you can see below, they are being dubbed “The Graveyard Dogs.”
It’s actually a clever shirt and clever marketing to sell some shirts in Philadelphia and through WWE.com.
The Undertaker has always talked about the ring being his yard and Roman Reigns has done the same in recent years.
Taker returned to action at Super ShowDown in Jeddah, Saudi Arabia and then he shocked the fans when he apperaed on Monday Night Raw when Reigns was being beaten by McMahon and McIntyre. From what I’m told, Taker’s new contract includes more appearances and matches this year so we’ll see him in the ring at least once more after Extreme Rules. In fact, he is advertised for a big match at
SummerSlam . Click here to see who WWE says he is scheduled to wrestle on the show.
Meanwhile, Shane McMahon is feuding with Kevin Owens on SmackDown Live while also feuding with Reigns. I’m told that the Reigns/McMahon feud is about to wrap up because tey have other plans for Reigns as WWE begins the hype for SummerSlam in a couple of days.

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