ozoebuka1:
dirty dey smell. Them no read terms and conditions?

linearity:


I think this case might be different and the accursed will very much be in the hook here.

The plaintiffs did not directly invest in MMM and as such MMM terms and conditions are not relevant. They gave the money to the accused who promised them 30% at the end of the month, it was the accursed who then invested the money.

Even, if the MMM terms and agreement were applicable, it would have been null and voided by a good lawyer, who knows his worth. Not all terms of conditions, agreements, etc are bidding even if you sign them.

By definition and in the court of law, MMM is a fraudulent Ponzi scheme and any agreement made with MMM is null and void and not enforceable in any court of law or cited as evidence to Barr aggrieved individuals from seeking redress. A fraudulent entity or an individual cannot enforce agreement obtained during the process of carrying out his or her fraudulent activities.

That is why you see that, mafias don't go to court to enforce their agreements or take their debtors to court, they settle it on the streets, sometimes with the victim paying the ultimate price.

I don't think, this MMM story has ended, expect to see many similar cases very soon.

goldcoinhub:

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

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

ozoebuka1:
dirty dey smell. Them no read terms and conditions?

Handsomecole:
Money wey Don go!

sapientia:
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.

Bullhari:




they are actually guilty. their mistake was collecting the money cash. be like borrowed money with promise of interest.

never you collect money from anyone to invest in Ponzi. let them pay themselves. I repeat, let them pay themselves.

bjhaid:
What is MMM please?

2tek:
MMM has come to stay whether haters like it or not.

venai:
Wicked guiders and gullible fellows. Both the guiders and their victims should be jailled. They were warned by many Nairalanders, but they refused 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..."

Nicholas190:


Don't blame the guidian, just blame the man but do you know what MMM IS still paying 2016 Mavro? It is just that people don't know the secret, you can read the secret here http://www.dailyinfo.ga/2017/04/top-secret-way-how-to-recover-your-mmm.html?m=1

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