• Latest
  • Trending
  • All
CBN, SEC Warn Nigerians As MMM Returns

CBN, SEC Warn Nigerians As MMM Returns

August 4, 2017
Oyo Guber Election Is Determined 5 Weeks To The Poll, No One Should Rejoice Yet – Dimeji Obisesan

Oyo SWAN U – 13 Football /Athletics Competition Kicks Off Today

March 21, 2023
Ogun NNPP Governorship Candidate Congratulates Kano Governor-elect, Abba

Ogun NNPP Governorship Candidate Congratulates Kano Governor-elect, Abba

March 21, 2023
UCH Staff Tests Negative for Covid-19, Discharges From Follow Up

UCH Needs Help – Group Says Blood Bank Experiencing Downward Trend

March 20, 2023
JUST IN: SDP Guber Candidate, Lana, Steps Down, Directs Supporters To Vote Makinde

Oyo SDP Governorship Candidate Writes Party Chairman, Demands N5bn Over Defamation

March 20, 2023
Makinde’s Victory Is A Lesson For All – Abidikugu Congratulates Governor

Makinde’s Victory Is A Lesson For All – Abidikugu Congratulates Governor

March 20, 2023
Alleged N5.2b fraud: Lawyer Abandons ex-JAMB Registrar Ojerinde

Ex-JAMB Registrar, Dibu Ojerinde, Sues ICPC For Breach Of Rights

March 20, 2023
Oyo NUJ Decries Worsening Insecurity, Urges Makinde To Deploy Personnel To Notorious Spots

NUJ Congratulates Makinde, Charges Him On Continued People-oriented Projects, Policies

March 20, 2023
Christmas: Reflect On Basic Tenets Of Christianity – Hakeem Alao Felicitates With Christians

Hakeem Alao Congratulates Makinde, Says His Victory Is Wish Of People

March 20, 2023
Poll Victory: Ex-commissioner, Afonja, Congratulates Makinde, PDP Lawmakers-elect

Poll Victory: Ex-commissioner, Afonja, Congratulates Makinde, PDP Lawmakers-elect

March 20, 2023
PDP Members Lock Irepo LG Secretariat, Call For Chairman’s Sack Over Alleged Anti Party Activities

PDP Members Lock Irepo LG Secretariat, Call For Chairman’s Sack Over Alleged Anti Party Activities

March 20, 2023
Idris Ajimobi Wins Oyo APC Ticket For Oyo Assembly Seat As All Opponents Step Down

Ex-Governor Ajimobi’s Son, Idris, Loses Oyo Assembly Election

March 20, 2023
Folarin Meets Health Workers, Says Oyo State’s Health Sector Is In Shambles

Be Calm As We Study Results – Folarin Tells Supporters, Congratulates Makinde

March 20, 2023
">
  • Home
  • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Political News
  • Oyo Campus Gist
  • Special Reports
    • Interview
  • Jobs
  • To Advertise
  • Support Us Today
    • Submit A Story
Tuesday, March 21, 2023
  • Login
InsideOyo.com
  • Home
  • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Political News
  • Oyo Campus Gist
  • Special Reports
    • Interview
  • Jobs
  • To Advertise
  • Support Us Today
    • Submit A Story
No Result
View All Result
InsideOyo.com
No Result
View All Result
">
">

CBN, SEC Warn Nigerians As MMM Returns

by InsideOyo
August 4, 2017
in Political News
0
CBN, SEC Warn Nigerians As MMM Returns
">

As the money making ‘Ponzi’ scheme, Mavrodi Mundial Moneybox, MMM, that collapsed months ago ago is set to return, the Securities and Exchange Commission, SEC and the Central bank of Nigeria, CBN, have warned Nigerians against participating in the scheme.

The money making scam just launched a weekly promotional stunt, obviously aimed at wooing old and unsuspecting new ‘investors’.

RelatedPosts

Ogun NNPP Governorship Candidate Congratulates Kano Governor-elect, Abba

Oyo SDP Governorship Candidate Writes Party Chairman, Demands N5bn Over Defamation

Makinde’s Victory Is A Lesson For All – Abidikugu Congratulates Governor

">

Displayed on the pages of participants of the scheme is a letter urging them to invite new members. Members must invite new participants and register them as referrals to qualify for the contest.

They have the opportunity to win cash prizes between N30,000 and N500,000, under an exercise the Ponzi scheme masterminds call, “Promo-Task Contest’ The letter reads in part: “MMM Nigeria launches Promo-Task Contest.

“MMM Nigeria launches the first Promo-Task Contest – which a relevant section has been created for the contest in the Personal Office.

">

“Winners are selected based on the number of points received for completing promo-tasks. Whoever receives the biggest number of points becomes the winner.

“The contest period is from Monday to Sunday while at the end of each week; winners are announced and awarded Mavros (cash prizes) available for output.

">

“In the first contest, there are 50 prizes. First place will win N500,000; second place N300,000 and third place winner will take home N200,000.

“Fourth place to 10th place winner get N100,000 each; 11th to 30th place wins N50,000 each while participants who placed 31st to 50th win N30,000 each.

“Members can complete both online and offline tasks with focus to promoting the community and contribute to the growth of the scheme.

“The promo-task contest is a serious tool aimed at community growth, and as such, would be continuously adjusted and refined to enable MMM Nigeria to overcome.”

The scheme has been mired in controversies after it placed a one-month freeze on all withdrawals from the scheme on Dec. 13, 2016.

The scheme, however, made a comeback on Jan. 13 and quickly placed a limit to the number of withdrawals from old-confirmed mavros (money), drawing wild condemnation from members.

Share this:

  • Facebook
  • WhatsApp
  • More
  • Twitter
  • LinkedIn
  • Telegram
  • Email

Like this:

Like Loading...
Tags: beware of mmmlatest news on mmm nigeriammm nigeriaNigeria news
">
Previous Post

Ajimobi Says Oyo Health Insurance is Compulsory

Next Post

Oyo Govt: Why We’re Relocating Temidire Plank Market

InsideOyo

InsideOyo

InsideOyo is an independent news medium for up-to-date events and happenings within and around Oyo state, Nigeria.

Related Posts

Ogun NNPP Governorship Candidate Congratulates Kano Governor-elect, Abba

Ogun NNPP Governorship Candidate Congratulates Kano Governor-elect, Abba

by InsideOyo
March 21, 2023
0

The Gubernatorial Candidate of the New Nigerian People’s Party (NNPP) in Ogun State, Ambassador Olufemi Ajadi Oguntoyinbo, has congratulated his...

JUST IN: SDP Guber Candidate, Lana, Steps Down, Directs Supporters To Vote Makinde

Oyo SDP Governorship Candidate Writes Party Chairman, Demands N5bn Over Defamation

by InsideOyo
March 20, 2023
0

The governorship candidate of the Social Democratic Party (SDP) in the last election, Barrister Michael Lana, has demanded N5 billion...

Next Post
Oyo Govt: Why We’re Relocating Temidire Plank Market

Oyo Govt: Why We're Relocating Temidire Plank Market

Please login to join discussion

Trending Posts

  • FULL LIST: See Names of Oyo House of Assembly Members-elect
    FULL LIST: See Names of Oyo House of Assembly Members-elect
  • Ex-Governor Ajimobi's Son, Idris, Loses Oyo Assembly Election
    Ex-Governor Ajimobi's Son, Idris, Loses Oyo Assembly Election
  • PDP Members Lock Irepo LG Secretariat, Call For Chairman's Sack Over Alleged Anti Party Activities
    PDP Members Lock Irepo LG Secretariat, Call For Chairman's Sack Over Alleged Anti Party Activities
  • Be Calm As We Study Results - Folarin Tells Supporters, Congratulates Makinde
    Be Calm As We Study Results - Folarin Tells Supporters, Congratulates Makinde
  • Oyo SDP Governorship Candidate Writes Party Chairman, Demands N5bn Over Defamation
    Oyo SDP Governorship Candidate Writes Party Chairman, Demands N5bn Over Defamation

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

">
InsideOyo.com

Copyright © 2022 Inside Media

Navigate Site

  • Home
  • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Political News
  • Oyo Campus Gist
  • Special Reports
  • Jobs
  • To Advertise
  • Support Us Today

Follow Us

No Result
View All Result
  • Home
  • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Political News
  • Oyo Campus Gist
  • Special Reports
    • Interview
  • Jobs
  • To Advertise
  • Support Us Today
    • Submit A Story

Copyright © 2022 Inside Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: