By Saheed Ojubanire. By July 2021, it would be exactly one year since Fuji music star, Alhaji Wasiu Alabi Odetola popularly known as Pasuma's hit album, Money Making Machine (MMM), has been released. The super hit album was released in July 2020.
Nigerians have reacted over the news that the Racksterli program has crashed.Racksterli is an affiliate program that allows users to invest with them and after a month, they will cash out their money with 52% increments of their investments.
Just like a saying goes that, the worst kind of ingratitude, is a gratitude left unexpressed, Fuji music star, Alhaji Wasiu Alabi Odetola popularly known as Pasuma, has taken a cue from that maxim, to express his gratitude to whom it was due.
Let's face it, things have gone south!The MBA Forex firm was a life saver to so many Nigerians, because if you had invested your money in that firm, then you will understand what I mean.
Sergei Panteleevich Mavrodi was a Russian financial fraudster, financial criminal and previously a deputy of the State Duma. He was the owner and founder of one of the first Ponzi Scheme in Nigeria known as MMM. The Ponzi Scheme which was launched in Nigeria in the month of November in the year 2015, promised to pay 30 percent on investment and for the first months it kept to his words and helped lots of people. When people heard that the Ponzi Scheme has indeed kept to his words they brought in more people,
Note: some of the images used in this article are mainly for illustrative purposes. INKSNATION claims to be a decentralized autonomous organization (DAO), which according to tori4town.com is an online business platform that was created by a group of crypto investors in Africa, with the aim of creating the first digital currency in Africa known as pinkoin. Recently the CEO of the INKSNATION platform Mr. Omotade Sparks Amos Sewanu was declared wanted by the economic and financial crimes commission (EFCC) for crypto
I once warned, even writing on this very platform against MMM that once was a darling for virtually all Nigerians, they took us as fools and told us off. As was expected, when it happened, the real victims were known, they cried blue and black. Well, pitifully, we laughed. Now, cryptocurrencies took over and today, it has brought tears to the face of Some Nigerians. The Port Harcourt based MBA Forex has reportedly crashed. The video and picture below shows helpless customers and investors spotted yesterday
It is better to be contented with what youhave than to be a greedy type who invests his or her money into what you aren't sure of. Being greedy can even snatch away the little one you have be warned! Were you among those one whose money was duped in the MMM business? I hope you have learnt your lesson. Mavrodi Mundial Moneybox popularly known as MMM was founded by Sergei Mavrodi. Sergei Mavrodi was a dual citizen, his mother from Russia, why his father was half Greek. From day one, he had been going through
When it comes to memes, Odunlade Adekola is a genius. He is not just one of the best actors in the Nollywood, but also the favourite of many fans due to his funny facial expressions and memes. The following twenty three memes of Odunlade Adekola will surely cracks your ribs. When your rich friend promised you 500k on Monday and you heard on TV that he has been sentenced to live imprisonment on Sunday. When you sent your brother to buy you bread the next street and came back after two hours telling you there
It has become a usual thing to scam people in Nigeria relating it to the economic meltdown.It is a bad intention to make people cry and be happy with their tears.
Creating your own website is one of the most lucrative way to earn online. Most of us Africans are always been deceived by MMM sites calming to pay us money or make you rich. Why you don't know creating your own website, you will be the boss and you will start earning great amount of money paid in dollars. Note that I am not allowed to post click able links because I am not a domain author. Before I start to show you how to make money from your website, first you have to know how to create a website. Creating
The crypto currency market has generated billions of dollars as traders buy, sell and invest to make profits. However, the Central Bank of Nigeria has banned the selling, buying and trading of bitcoins and other crypto currencies used for exchange. This has caused reactions online because a lot have used this medium to earn huge sum of money and also transact in their various businesses. Pro-activist and former Presidential aspirant, Adamu Garba has reacted to this news. Via his Twitter account he said Nigerians
This Article will try to educate newbies on shitcoins so you know what you’re going into.The name shitcoin to begin with is already a red flag but why is everyone talking about them?What are Shitcoins?Shitcoin has been used to refer to any cryptocurrency with little to no value or a coin that has no Use-Case or purpose.
The story of MMM has been told day after day,year after year and will never be forgotten by the Nigerians. The story started in 2016,when Nigeria was facing economic recession.A popular ponzi system known as MMM scamed over 3 million Nigerians. The so called MMM operates by doubling any amount you invest.The Nigerian Deposit Insurance Corporation (NDIC) estimated that around ₦18 billion ($49.3 million) was lost that time,when MMM shut down in December 2016. Many Nigerians who taught that they would receive
Internet scamming has become a major challenge in the society and many parts of the world today whilst some set of people had taken the advantage of the internet to defraud people in so many ways.
As at the time of compiling this research it has come to notice that the C. E. O of Racksterling well known as black gold who see's him self as a real estate developer has allegedly absconded with its members cash.
According to a report, it was estimated that 5 to 40 million persons lost around $10 billion to MMM. Sergei Mavrodi is or shall I say was not a newcomer to swindling people. In 1989 he started a pyramid scheme called MMM and by 1997 he declared bankruptcy and eloped with investors money with any new of him until he was arrested in 2003. In 2011 he resurfaced with another version of the scheme he had called MMM Global. The scheme spread across countries. It was launched in China, India, South Africa, Zimbabwe.
Online business, which is now a very common business among the youths of the present world, has now taken very many different forms and shape. Between the years 2015 and 2016, an online business that made online business (which has existed before then) so popular sprang up. It was called "MMM". It was also known as "people helping people" forum whereby 4 people will be linked together and there will be a payment among them for the benefit of one among them via on-line and so on. At the beginning, it was very
Who is history's greatest fraud? This is Sergei Mavrodi He was the man behind the popular pyramid scheme called MMM. He founded MMM in 1989. The scheme spread across countries. It was launched in China, India, South Africa, Zimbabwe. In November 2015, the ‘plague” hit Nigeria. It promised a 30% return on investments, everyone became an entrepreneur. People invested their life savings. Funds reserved for building houses were invested in MMM, marriages were postponed as the saved money had to be invested.
A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk. But in many Ponzi schemes, the fraudsters do not invest the money. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent