Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

MMM suspension: Participant drinks insectide two weeks to wedding

14 December 2016, 10:10

Benue - A man has attempted to commit suicide in Benue State by ingesting insecticide after Mavrodi Mondial Moneybox aka MMM froze accounts of participants in the Ponzi scheme, two weeks to his wedding, Daily Post reports.

The development which has led to panic among millions in the country hit the man, identified as Adakole, hard as he had reportedly invested N300 000 meant for his wedding in the scheme.

Realising that not only was his investment and 30 per cent interest unlikely to accrue to him before the wedding, but he risked losing everything, he opted to take his life and consumed insecticide.

A friend of the MMM victim as saying he is battling for his life at a clinic in Otukpo where the incident occurred.

The friend, who said Adakole had called him to confirm if it was true that the scheme had “crashed” before attempting to take his life, also told Daily Post that he had contacted the fiancée who resided in Abuja.

MMM had on Tuesday announced that it was freezing accounts for one month, a move seen by many as indicating that the scheme had crashed as long expected according to News24.

Although those behind the scheme stressed in a notice to participants that it had not crash, many believe it was just masking the fact that it had scammed people as predicted by regulatory authorities.

- News 24

NEXT ON NEWS24 NIGERIAX
&nbps;

Read more from our Users

Submitted by
Isaac Asabor263
Separating kitchen politics from ...

Like everyone else, I believe that the most popular definition of democracy is “government of the people, by the people and for the people”. Read more...

Submitted by
Bethel Tanifo
Ministry of Niger Delta Affairs, ...

Like NDDC Unlike MONDA. This notion is an intuition that does not portend political participation, affiliation, intrusion or aggression but a submission with the intention of completion of the previous administration's noble vision. Read more...

Submitted by
Bethel Tanifo
Nigerian Constitution versus Corr...

The problems of Nigeria is not in its conventional composition, formation, functionality, constitution or treaty, while the solutions are not disintegrations as promulgated by some faiths fanatics and bigotries.  Read more...

Submitted by
Abdulsalam Jubril
Much Ado about Trump’s Presidency

It was unbelievable when the social and mainstream media all over the world began airing the breaking news of Donald Trump’s victory in the most contentious US Presidential elections in recent years. Read more...

Submitted by
Mike Daemon
Nigerian author highlights gay ch...

A new novel by a prolific young Nigerian author features gay characters, which could help increase the visibility of the gay community and possibly lead to greater understanding of LGBT Nigerians. Read more...

Submitted by
Isaac Asabor263
Your Excellency, I will call you ...

Your Excellency, Governor Adams Oshiomhole, as a leader that pays attention to details, I understand that the odd title of this piece would definitely arouse your curiosity.  Read more...