₦airaland Forum

Weeks after pyramid scheme MMM froze out participants from withdrawing their money, a similar service known as GMAfunds has collapsed, leaving thousands of "investors" stranded. In December 2016, another service known as Helping Revolution crashed with people's funds. Both

Although they are not as popular as MMM, GMAfunds and Helping Revolution trapped an estimated 100 million to 200 million naira in participants' funds in the system, Somtoo Okoye blog sources say.

Unlike MMM which gives people 30% of their deposits, GMAfunds promises a 100% return for participants as well as 20% deposit and 20% referral bonuses. It also accepts use of Bitcoin currency.

GMAfunds website does not indicate if it has any affiliation with Russian owner of MMM Sergey Mavrodi who founded MMM Nigeria, MMM South Africa, MMM Zimbabwe and the likes.

However, some top players in the Internet marketing circle have pointed accusing fingers at a young Nigerian entrepreneur named Seun Ogundele for not only fiercely promoting the services but founding the GMAfunds and Helping Revolution pyramid schemes.

Segun who travelled to faraway Dubai, United Arab Emirates earlier this week, says he is arranging his team of lawyers to challenge his accusers in court.

This development is coming days after MMM Nigeria says it will unfreeze participants' monies starting from January 14 2017.

Friday, 6 January 2017

Singer Simi's mother in African's parents' manner nearly gave her hand out in marriage (lol) to a young man named Adejare Ibrahim but recalled that the singer is already dating someone else (Falz, Adekunle Gold, Ycee?).

Friday, 6 January 2017
Mikel pens emotional tribute to Chelsea fans as he joins Chinese club


Nigerian Super Eagles captain John Mikel Obi has finally left Chelsea for Chinese side Tianjin TEDA. The former Chelsea star will receive a lumped-up salary at his new club after joining the Superliga contenders during the January transfer window.

Mikel penned an emotional tribute to Chelsea fans as he left the club in Thursday:

Thursday, 5 January 2017
Humblesmith says his dream is to buy a 100 million naira Rolls Royce this year

N-Tyze Entertainment act Humblesmith says he'd like to buy a Rolls Royce after seen posing with one.


The luxurious ride starts at $200,000 - that's about 100 million naira using the current exchange rates.

Wish him luck!

Wednesday, 4 January 2017
Video: EFCC raids Goodluck Jonathan's home in Abuja


The legal battle between Patience Jonathan and the Economic Crimes Commission (EFCC) took a wild turn when operatives of the anti-graft agency raided a house belonging to the former Nigerian first lady in Abuja today. Some sections of social media also say the house actually belongs to her hubby, Dr. Goodluck Jonathan, Nigeria's immediate past president.

According to Facebook posts and video shared by Oraye St. Franklyn, who also hails from Okrika in Rivers State, the armed EFCC operatives stormed Jonathan's home this afternoon and "harassed anybody in sight" while seizing cameras and mobile phones of the house occupants and their neighbours.



It is still unclear what documents Franklyn alleged that EFCC operatives took from Jonathan's house. The eyewitness also suggested that the Joanthans were not at home when the incident took place.

The video below shows the moment EFCC operatives left the house:

[Video] Desiigner - Panda (Hilarious Cover By Josh2funny)


Comedian John2funny (Josh Alfred) just made a music video for a cover of Desiigner's viral 2015 song titled panda. He shared the video online and it was damn hilarious.

Enjoy:

DressCode, Orezi and Young John - No Kill Me

Monday, 2 January 2017
Choi! This Nigerian couple designed their living room with a functional N100m Rolls Royce


Dilly and Fifi Emenyiora actually parked a functional Rolls Royce in their sitting room. The over $200k (about 100 million naira) ride rotates on display and occasionally the couple takes the luxurious vehicle out and drive it.

See video of the car rotating:

https://www.youtube.com/watch?v=wKiVZaUAmHM

Monday, 2 January 2017
Video: Lagos pastor "dabs" to Humblesmith's "Osinachi"


A clergyman identified as Pastor dazzled his congregation as he did the viral dab move while dancing to Humblesmith's "Osinachi" song during his church's New Year church service in Lagos State.

Friday, 30 December 2016
See what happened when Humblesmith's manager proposed to girlfriend


Ovie Kelly is founder and CEO of N-Tyze Entertainment and manager of the record label's frontman, Humblesmith.

The businessman proposed to his beautiful girlfriend Burutu Justy in Asaba today and of course, she said yes!

Watch the video:

angelTI:
If I hear he truly lost 25mm where he wan take see that kain money

Which song as he sang after sekem? Yeye dey smell

Thursday, 29 December 2016
Video: Weeks after losing N25m to MMM, MC Galaxy shows off bundles of cash


Singer MC Galaxy only weeks ago announced that he invested 25 million naira in pyramid scheme MMM before the owners froze participants' accounts.

Now, the "Sekem" crooner is showing wads of cash in a video he uploaded on social media, telling his friend to "leave" the money alone. "It's my money" MC Galaxy was heard saying as he packed the bundles of cash into a bag.

Watch the video:

BabaRamota1980:
How many times in a year do you guys celebrate ofala. This ofala is beginning to sound like fund raising.

Thursday, 29 December 2016
Ofala 2016: Ifeanyi Ubah arrives Igwe of Nnewi's palace in Rolls Royce


Oil and business tycoon Ifeanyi Ubah was among the timber and caliber that turned up at the palace of Igwe Kenneth Onyeneke Orizu III as the Nnewi first class traditional ruler marked his 63rd Ofala festival while celebrating his 91st birthday on Wednesday.


Ifeanyi Ubah, the billionaire founder of Capital Oil, arrived in a black Rolls Royce and was hailed in fanfare as he stepped down from the luxury vehicle.

Picture Courtesy: Somtoo Okoye blog reader, Engr. Nonso Anujulu

Wednesday, 28 December 2016
Video: D'banj's epic reply when asked why Nigerian songs are only about women


Singer D'banj was in London for a show recently. The musician and businessman was greeting his fans when suddenly a man threw a big question at him.

According to the man,

"Nigerian musicians are doing very well...but the lyrics I'm a bit worried about. It seems to be singing about women and love...about women being tomatoes and potatos and all that. What do you think about that?"
Watch D'banj's epic reply:

"Sons of Anarchy" is from Olamide's 6th studio album "The Glory". The rap track features performance from Spaceship artiste Burna Boy and one of Olamide's allies, rapper Phyno.

Thursday, 22 December 2016
Please run for your life - People react as Yvonne Nelson is pictured with Flavour


Ghanaian-born Nollywood actress Yvonne Nelson was pictured with singer Flavour N'abania at a recent event. After sharing shots of the duo on social media which she captioned: "A lil flavor is niiiiiiiice...... snap|@yvonnenelsongh", her fans gave her their opinions over likely relationship with the father of two.

Wednesday, 21 December 2016
Screenshots: UNILORIN website hacked. See who hacked it


Barely a year after it was hacked, the official website of University of Ilorin, Kwara State has been defaced once again.

A message being displayed on the unilorin.edu.ng domain says the website was hacked by a certain “GhostHacker” who supposedly hails from Indonesia.

Another pop-up that displays on the website's mobile version hailed Nigerian website developers as useless, urging UNILORIN authorities to contact the Asian hackers for help.

Wednesday, 21 December 2016
Video: Truck driver beats up policeman, runs away with his gun


A Nigerian policeman engaged a truck driver and his conductor in a physical fight which ended with the driver running away with the policeman's gun.

The location of the video was not shown by Ezegbu Chike who shared the video on social media.

Watch the video: