The senate today rejected the sale of some National assets to reflate the economy which is currently in recession. Many Nigerians including the Senate President Bukola Saraki and members of the National Economic Council NEC have all favored the sale of some national assets like NLNG ltd as measures to revive the ailing economy.
Tuesday, September 27, 2016
Tears as MMM crashes in Zimbabwe, millions lose Hard Earned Money
Lots of Zimbabweans are in a financial trauma as you read this, all thanks to the popular Ponzi scheme called MMM. Thousands of people living in Zimbabwe, among them civil servants, vendors and more, were said to have lost thousands of dollars to fraudulent online pyramid scheme MMM Global Zimbabwe after the system collapsed recently. The social financial network, which relied on an accelerating number of new members to pay off the old, abruptly terminated its services without any prior notice last week leaving participants stranded.
Monday, September 26, 2016
MMM Nigeria- A Real Time Bomb
MMM Nigeria which boasts on its website of over 500,000 members is a time bomb about to explode. All of the public discussions even on social media about the high rise of the Ponzi scheme in Nigeria are focused on the impact it has on enriching their lives and filling their pockets in a time where the economy is in turmoil.