The Nigeria Internet Registration Association (NIRA) on Friday, said it was going to clamp down on internet abuses by various forms of Ponzi schemes such as the Mavrodi Mondial Moneybox, MMM, Ultimate Cycler, Givers Forum and more.

According to Vanguard, Mr Sunday Folayan, the President of NIRA, made this known in a statement in Lagos.

He said:

”If you discover any form of Internet abuse with .ng websites please send an email to abuse@nira.org.ng. We will deal with it. ”Together we can make the internet safe for us and our children,’’ he said.
According to him, most Nigerians are being defrauded by various forms of Ponzi schemes while the fraudsters are operating under various names and platforms.He said that many had fallen victims as the schemes had impoverished more people than they claimed to have helped. He, however, said that the scammers were feeding on the greed of the people and the poor economic situation to lure more victims.

He added that this was in spite of warning by the Federal Government that Nigerians should not invest or get involved in such fraudulent schemes. Folayan said that recently, innocent people’s contact details such as phone numbers and emails, were being used as administrative contacts for these schemes.

According to him, the victims of the identity theft only get to know when defrauded victims start calling and demanding for payments. He said that several people had received threatening phone calls regarding their fate, if they do not pay up. Folayan said that NIRA had taken concrete steps to further assist law enforcement agencies to deal with the menace.

http://www.vanguardngr.com/2017/03/fg-goes-mmm-ultimate-cycler-ponzi-schemes/

more on
http://www.blackberrybabes.com/2017/03/fg-goes-after-mmm-ultimate-cycler-other.html

Nice move!

People won't be happy about this......

This 'change government' kerfuffle too much

Op you must be very stupid. Seems if you don't attacth mmm to.your posts you won't make sense again. Is mmm on a .ng domain
Nonsense.

I don't see why people should attack mmm.. D haven't shut down. D have stayed months
Defied odds.

I know this mods cos they have work that Pay them. Won't allow odaz make money in peace.
Pls leave mmm for us oo..
Mmm is now synonymous with snake in nairaland.
Mmm is back. Take.it or leave it

Dss should arrest them asap

Too little, too late.

We are in support of this. Enough of swindling greedy Nigerians.

See

nonsense

Good one.

Are you a student? This link below might be of help to you.

https://www.nairaland.com/3657298/low-start-up-capital-business

Vry nice move sha

Now We dey recession make FG carry money from CBN go MMM...

Wetin concern me and mmm
in other news...
My neighbour is cooking coconut rice, let me go and play with her kids

TsaTrinity:
People won't be happy about this......

how Egbon?

good



by the way





i fink many of those pple running the ponzi are JEWS

kai this people again

ok

Yeye Government. Why announcing that they are going after them? Y not go after them, catch them and tell us they have caught them. Let the drama begin.

chinex276:
nonsense

How's that nonsense
We know your type na
Better forget about all this ponzi schemes

they should have done this before now...

ok

Such a pity that our so called federal government is outdated... for your information, all d schemes/platforms mentioned except MMM are all dead.