Two middle-aged persons, Debora Fojo and Musa Garba, on Friday appeared before a Malumfashi Chief Magistrates’ Court in Katsina State for alleged breach of trust and cheating.


The two were accused of collecting N429,000 to invest in an online business called MMM.

МММ was a Russian company that perpetrated one of the world’s largest Ponzi schemes of all time, in the 1990s. By different estimates, from five to 40 million people, Nigerians inclusive, lost up to $10bn.


Fojo and Garba are residents of Government Girls Secondary School Malumfashi Quarters and Unguwar Danyawa village in Kafur local government areas respectively.

According to the separate First Information Reports read to the court, Fojo allegedly collected N229,000 from one Sani Salisu of Unguwar Sodangi in Malumfashi to invest in the scheme.

Garba, on the other hand, collected N200,000 from one Adamu Aliyu of Gangarawa, also in Malumfashi, to invest in MMM.

The Police Prosecutor, Insp. Sani Ahmed, told the courts that the accused deceived the complainants with a promise that the investment would provide 30 percent returns within 30 days.

He said that neither the original money nor the interest were returned to the complainants after the expiration of the agreed period.

He said the accused were charged with criminal breach of trust and cheating, offences that contravene sections 312 and 322 of the penal code.

The two accused persons, however, pleaded not guilty to the charges.

The Chief Magistrate, Lawal Usman, adjourned Fojo’s case till April 11, while that of Garba was moved to April 18, for mention.

He ordered that the two accused persons be remanded in prison custody.

http://www.blackberrybabes.com/2017/04/mmm-investors-drag-guiders-to-court-for.html

lalasticlala

dirty dey smell. Them no read terms and conditions?

Wicked guiders and gullible fellows. Both the guiders and their victims should be jailled. They were warned by many Nairalanders, but they refused to accept their many advice. The senate also warned them to stop, instead they shouted, "Buhari no want our progress". Now, e don happen! To everybody that lost his or her hard earned, borrowed or stolen money to MMM, I say "NTOORRR..."

I expect all those cheated to cue behind this ppl, they should sue the number one and two national guiders

The accuser should be jailed with the guider for stupidity.

Mogbe...Moku...Mowanibe

MMM...moku mogbe modaran. some are dead, some are in court, others are crying silently.

Waste of time
I lost millions but, this is lost course...

Next move thieF guilders egbon any guilder when u give money Nat o catch m go court o lol

LWKMD... una go fight unaself till God go call una to glory... u think say u smart abi? u chop my uncle's money just like that, which make him drink sniper go visit Dagrin in heaven for a collabo wey he no won do, and u think say ur company go get rest of mind

So no news again

Breach of trust... prison..

Why suffering them when you know Nigerian laws have nothing against them?

Unless they never told them its MMM, if they did.. dead on arrival.

quite funny I hope there was a written agreement between the parties involved that was signed to prove this case. If not this is a huge joke

They have no case! They said use your spare money, and since your spare money is 400,00+ and it enters lion mouth, no need to cry....

What is MMM please?

Money wey Don go!

Has It Entered??

.........Yes

Is It Paining You??

........Yes

Should I Remove It??

.......No

Do You Like It??

.......Yes , I Love It
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Infact Shoe Sellers Can Ask Lots Of Question



Funny enough MMM still pays it's guider at d expense of its followers called DUNDI

...........hmmm

Chisos

MMM hahahaha good for you guys,you guys said its our money leave us alone ok nah lets gooooooooooo there

Vomit the money I no PH again

Is there any agreement
Terms and conditions
If there is, then that is what should be followed.

Yeye dey smell....lol

MMM again..... am no hear anything oooo

it is not my money, this case won't fly.

Terms and conditions were clearly written on the website, though it was for reverse Psychology

why Na...