After the MMM Ponzi scheme lost it's momentum, something inevitably happened, other Ponzi schemes sprung up in its place.
From Twinkas to NNN, their names were varied and so were there strategies, but the aim was the same, to make money from others, without any enterprise.
It is therefore no surprise, that a woman in Awka, Anambra state, Nigeria, came up with a scheme, using just a Whatsapp group as the means of communication between participants.
She was arrested when the scheme failed, by men of the Special Anti-Robbery Squad (SARS) in the state. Below is the conversation she reportedly had with a human rights lawyer, Emeka Ugwuonye, to whom she reached out for help:
The woman reached out in desperation after her arrest
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She admitted that she had not been molested by any of the arresting officers
She then revealed to her lawyer what led to her arrest by SARS officials
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She however said she really wanted to help people
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The lawyer made it clear that a Ponzi scheme was illegal to her
In a strange twist, the popular Ponzi scheme, Mavrodi Mundial Movement (MMM), has brought smile to the faces of children as it donates food items, gifts to Igbehinadun Special School for the Deaf & Dumb and physically Challenged Children.
The reports indicate that MMM in conjunction with Life Changing Humanitarian Services visited the school on Saturday, April 8 in Okokomaiko, Lagos and unveiled a rehabilitated playing ground and basketball court.
NAIJ.com spoke to Nigerians about MMM and this is what they had to say:
