With the recession in full swing in Nigeria more Nigerians seem desperate to find solutions to the pinch in their pockets. So much so that the voice of reason has been drowned by the din created by the latest rave to hit the Nigerian scene – MMM Nigeria. MMM is a ‘social financial network’ founded in 1989 by three Russians, with Sergei Mavrodi at the forefront. The network promises returns of 30 per cent to investors who ‘help’ members of the network by parting with some level of funds. While this sounds very attractive (I mean, no bank is paying up to 30 per cent interest, is there?) I have an arsenal of reasons why you should avoid MMM like the Black Plague. So allow me load my metaphorical revolver:
5 reasons NOT to invest in MMM Nigeria
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