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FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes (45780 Views)

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FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by winkmart: 8:10am On Mar 04, 2017
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/

4 Likes 2 Shares

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by winkmart: 8:10am On Mar 04, 2017
Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by Cutehector(m): 8:17am On Mar 04, 2017
cool
Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by cardoso514: 8:25am On Mar 04, 2017
Nice move!

20 Likes

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by TsaTrinity(m): 8:48am On Mar 04, 2017
People won't be happy about this......

6 Likes 2 Shares

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by Burger01(m): 12:49pm On Mar 04, 2017
This 'change government' kerfuffle too much angry

6 Likes

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by mznel(m): 12:49pm On Mar 04, 2017
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

156 Likes 8 Shares

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by sleeknick: 12:49pm On Mar 04, 2017
angry
Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by teebaxy(m): 12:49pm On Mar 04, 2017
Dss should arrest them asap

2 Likes 1 Share

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by Nobody: 12:49pm On Mar 04, 2017
grin grin grin grin

Too little, too late.

2 Likes

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by NNVanguard(m): 12:49pm On Mar 04, 2017
We are in support of this. Enough of swindling greedy Nigerians.

7 Likes

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by veacea: 12:50pm On Mar 04, 2017

4 Likes

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by idris4eva(m): 12:50pm On Mar 04, 2017
See

1 Like

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by chinex276(m): 12:50pm On Mar 04, 2017
nonsense

1 Like

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by itiswellandwell: 12:50pm On Mar 04, 2017
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

1 Like

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by Uchwilliam(m): 12:51pm On Mar 04, 2017
Vry nice move sha
Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by yhuti(m): 12:51pm On Mar 04, 2017
Now We dey recession make FG carry money from CBN go MMM...
Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by wins18(m): 12:51pm On Mar 04, 2017
Wetin concern me and mmm
in other news...
My neighbour is cooking coconut rice, let me go and play with her kids grin

33 Likes 1 Share

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by amdoyin82(m): 12:51pm On Mar 04, 2017
TsaTrinity:
People won't be happy about this......
how Egbon?
Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by adenine02: 12:51pm On Mar 04, 2017
good



by the way





i fink many of those pple running the ponzi are JEWS

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by maxiuc(m): 12:52pm On Mar 04, 2017
kai this people again

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by May19th: 12:52pm On Mar 04, 2017
ok
Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by jamesharryson(m): 12:52pm On Mar 04, 2017
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.

14 Likes

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by Lastking147(m): 12:52pm On Mar 04, 2017
chinex276:
nonsense
How's that nonsense
We know your type na
Better forget about all this ponzi schemes

2 Likes 1 Share

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by brightworld2(m): 12:52pm On Mar 04, 2017
they should have done this before now...

1 Like 1 Share

Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by anibi9674: 12:52pm On Mar 04, 2017
ok
Re: FG Goes After MMM, Ultimate Cycler, Other Ponzi Schemes by Olalekanbanky1(m): 12:53pm On Mar 04, 2017
Such a pity that our so called federal government is outdated... for your information, all d schemes/platforms mentioned except MMM are all dead.

10 Likes

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