UK NEWSPAPER WARNS NIGERIANS AGAINST MMM money and paper shredder - Sabi Tips

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UK NEWSPAPER WARNS NIGERIANS AGAINST MMM money and paper shredder



Sequel to the crash of the Mavrodi Mondial Moneybox scheme( popularly known as MMM) in Zimbabwe, the UK
Independent newspaper has warned Africans against investing their money into the Ponzi Scheme.




An excerpt from the article read:
“That’s despite a warning from the Reserve Bank of Zimbabwe that the scheme was fraudulent. RBZ warned members of the public that existing investors were “paid money not from genuine market investment of their funds, but from contributions made by new investors, until a point when the scheme can no longer attract new investors”.
What it simply means is that the number of people in need of help has outnumbered the number of people joining. Right now we have nowhere to get our money which we invested.
Despite the cautionary tales of Zimbabwe and South Africa – and indeed the original MM scheme – a branch is now proving increasingly popular in Nigeria.
It can be recalled that the Central Bank also warned against the scheme


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