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Top Six Ponzi Schemes in Nigeria you should Know
Online money making Ponzi schemes are gaining more popularity in Nigeria on a daily basis. Trust Nigerians not to miss any opportunity to make more money especially in this season of economic recession.

Currently, MMM is the most popular. It has seen millions of Nigerians invest their money in the scheme which increases by 30% after one month.

Despite warnings from the federal government and the Central Bank of Nigeria, more Nigerians are putting their money in the scheme. Nigerians have turned deaf ears to all the warnings and are enjoying free money, not minding where it is coming from.

Following the success and popularity of MMM, more Ponzi schemes are springing up in Nigeria and some have a higher interest rate than MMM.

Below are other Ponzi schemes which have sprung up after MMM.

1. Givers forum

Top Six Ponzi Schemes in Nigeria you should Know

This is one of the most popular Ponzi scheme in Nigeria. Unlike MMM which promises 30% return on investment, this one offers a 40% increase on your investment. On November 22, report surfaced that the site had crashed as members were not able to log in. However, the site came back up days later.

2. MMM united

Top Six Ponzi Schemes in Nigeria you should Know

Launched in August, this one promises you 100% of your investment and 5% on all bonuses in 30 days. It works the same way as MMM Nigeria only that it has a higher interest rate.

3. Ultimate cycler

Top Six Ponzi Schemes in Nigeria you should Know

This online money doubling scheme offers more money than MMM. You sign up with N12,500 and in one month, you will get N50,000. Nice catch right? On December 1, its members were thrown into panic as report surfaced that the site had crashed. Members were shut out and could not gain access into their account. It later came back up. Reason given for the website going down was that the servers were being upgraded.

4. Get help worldwide

Top Six Ponzi Schemes in Nigeria you should Know

Whatever money you invest on this platform grows in 30 days by 30% if in local currency or 50% if in bitcoin. It is modeled after the popular MMM.

5. Icharity

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This Ponzi scheme is fast gaining popularity. It is an international investment platform where members can give and receive donations from one another. You start from grade one where you pay N7400 to register and you will earn N37,000. In grade two, you earn N370,000 and grade three earns N3.7million.

6. Zar fund

Top Six Ponzi Schemes in Nigeria you should Know

Though not as popular as MMM, it is ranked as the 57th most visited website in Nigeria. It came in the third week of September and reportedly has over 50,000 members already. Once you register in Zarfund, you have to pay 0.03 bitcoin within 24 hours. This money goes to person who invited you to join. You get payment from those you refer to join the programme.

MMM which stands for Mavrodi Mondial Moneybox made its way into Nigeria in 2016. Many Nigerians are getting hooked on this latest get-rich-quick scheme.

The CBN has warned Nigerians against investing their money on the scheme which it says is fraudulent and not supported by any business model.

You dare not criticize MMM or its members will attack you. They will school you on how MMM is helping families feed in this time of recession. Most people keep increasing their investment even though they have been warned to invest only their spare cash.

What will make someone invest all his life savings in MMM if not greed?

The major problem of our society is greed or don’t you think so?

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Liberia’s Ruling Party Expels President Ellen Johnson Sirleaf

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Liberia's Ruling Party Expels President Ellen Johnson Sirleaf

Liberia’s Ruling Party Expels President Ellen Johnson Sirleaf

The Liberia’s ruling Unity Party has ousted the country’s outgoing president, Ellen Johnson Sirleaf, from the party.

President, Ellen Johnson Sirleaf was voted out of Unity party late Saturday over her decision not to support Vice President Joseph Boakai, the party’s candidate in last year’s presidential poll.

Joseph Boakai, who has been President Johnson Sirleaf’s vice for 12 years, lost the election to former football superstar, George Weah.

George Weah visits Prophet TB Joshua

The one time world best footballer of the year won the presidential runoff by 61.5 percent of the votes casted in 14 of Liberia’s 15 counties.

Prior to the presidential runoff, Weah visited Prophet TB Joshua in Lagos, Nigeria to seek the face of God and prayers.

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This is Why Buhari Could be impeached

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President Buhari reportedly signs Proclamation labelling IPOB as Terrorist Group

This is Why Buhari Could be Impeached

Adesina Ogunlana, the President of Nigeria Bar Association, Ikeja branch has condemned President Muhammadu Buhari’s silence and inaction on herdsmen killings around the country.

According to Adesina Ogunlana, Buhari’s attitude is enough ground for him to be impeached.

While talking to the press, Adesina said the President is indirectly approving the killing by Fulani herdsmen. In his words:

“We have seen the federal government display its might and concern for security in certain parts of the country, the question and puzzle now is why the government is quiet in the face of the Fulani herdsmen which has led to the massacre of thousands of people and displacement of thousands of people from their normal abode.”

“The baffling silence, indifference and very low key response to the menace of the Fulani herdsmen who have been rated as the fourth deadliest terrorist organization in the world. This has raised grave allegation of partiality against the Federal Government in its clear relation to the menace of the Fulani herdsmen who have become notorious for mass slaughter of Nigeria people.

“We are joining hands and crying against the governor that it has not done enough. The chief reason, responsibility and duty of government is to ensure the security of life in its area. I dare say that the failure of the government to rise to the issue is enough ground for the impeachment of the President.

“Government where it fails to do its duty especially where it appears that indolence and ineptitude is deliberate and contrived, people would come to their own rescue and there would be no sympathy for that kind of a government.”

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Forbes: Aliko Dangote Remains Africa’s Richest Man

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50 Most Influential People; Bloomberg honours Dangote

Forbes: Aliko Dangote Remains Africa’s Richest Man

Billionaire business man Aliko Dangote, has again been named Africa’s richest man with a net worth of $12.2billion.

This is the for the seventh year in a row Dangote is topping the list of Africa’s richest man. He got an increase of $100m from a year earlier.

Only recently he was selected as the only African named in Bloomberg’s world 50 best persons in the year 2017.

Diamond mining heir, Nicky Oppenheimer of South Africa, is named number two on the list of Africa’s richest people with a net worth of $7.7bn. Making a whopping $700m from last year.

A notable change in the Forbes Billionaire List this year is the dropping of some notable Nigerians which includes Globacom Chairman, Mike Adenuga (5th richest man in Africa), with a net worth of $5.8bn, and Folorunsho Alakija (15th Richest in Africa), whose estimated $1.6bn fortune is in oil exploration.

However, two of the 23 listed African billionaires are women (unchanged from 2016) and they are; Isabel dos Santos, the daughter of Angola’s former President, Jose Santos, is worth an estimated $2.7bn, down from $3.2bn in 2016. Her net worth dropped in part due to a lower value for Banco BCI, as its book value plunged in 2016 amid a tough year for the oil-producing country.

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