After MMM Comes NNN And The Rise of Quick Money Schemes In Nigeria

What we can call the rising of ponzi scheme empires in Nigeria or effects of countries bad economy on it's citizens have in many ways drive people into taking certain risks to invest in many untrustworthy sites in an eager to make extra money for themselves.

We can recall recently a Popular Ponzi scheme called MMM froze all it's participants funds who in many ways hoped to withdraw their money to celebrate or go shopping during the Christmas season but all shattered and left in shock with a promise by the management of the program to return in January next year, whether it is true or not is an argument of another day. The argument there was that MMM cannot collapse or can be sustained cause of their 30% return to there members. But actually it has been proved wrong by recent frozen of all funds in their program, Not only in Nigeria but also in South Africa and Zimbabwe.

Meanwhile another scheme called NNN has just be launched, NNN unlike MMM is paying 35% to all it's members in three weeks. NNN policies and mode of operation read's almost the same with MMM's.

And surprisingly many Nigerians are still investing in the same ponzi program.

Have Nigerians learnt any lesson from MMM freezing ? I don't think so.