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.

 

Polytechnic student hospitalised after losing school fees to MMM

31 January 2017, 15:03

Niger - Several students of Bida Polytechnic who lost their money to the Ponzi scheme, MMM, have failed to meet deadline for the payment of their school fees, Naij reports.

One of the students who lost her money to MMM fainted after she heard the school fees payment deadline.

Another student who used his accommodation fees has been evicted by his landlord.

Dupe Olurunfemi, a student of Federal Polytechnic Bida, Niger state, was hospitalised in the school clinic when she heard school fees payment deadline.

She said she invested N70 000 meant for school fees and accommodation in the money doubling scheme, Mavrodi Mundial Moneybox (MMM) and has been unable to recover the money.

There has been outrage and several pleas on social media by students who were affected by the Ponzi scheme after the Ponzi fails to keep its promise to start paying participants by January 14.

Olorunfemi said: “I joined the platform on November 9, 2016 with N70 000 which I had been saving for months to pay my fees this session. I woke up on December 12, 2016 to get help (GH) only to find out that the GH had been frozen. I had hoped that on January 14, 2017, I will be paid but I am yet to get my money back.”

According to The Nation, the deadline for fees payment of the polytechnic ended on Wednesday, January 25. Most of the students who lost their fees to MMM are yet to pay their fees.

Another student, Samson Endurance, an ND II student of Public Administration of the same polytechnic was evicted from his off-campus hostel accommodation at night by the landlord because he owed rent. He said he invested his in rent for MMM.

- News 24

Tags mmm nigeria
NEXT ON NEWS24 NIGERIAX

87-year-old to start life afresh

24 February 2017, 16:36
&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...