See the Man behind MMM in Nigeria

Ernest Mbanefo

According to an online report, Mbanefo is based in South Africa.
Nigerian Communications Week said Mbanefo  registered the site MMM-Nigeria.net domain  on June 7, 2016 about at about 5 pm Nigerian time.

NCW quoting  Pageone report written as far back as September said Mbanefo made a single year domain payment.  The domain will expire on June 7, 2017.

It was also revealed that  MMM Nigeria is not part of MMM Global – a Russian company that was responsible for one of the world’s largest Ponzi schemes in the 1990s.
MMM Global  was founded by Russian politician Sergei Mavrodi, his brother Vyacheslav Mavrodi and Olga Melnikova.

The name of the company was taken from the first letters of the three founders’ surnames (MMM)
But like MMM Global, the Nigerian scheme is also a pyramid marketing scheme where an investor gets a 30 per cent return on investment.
Around the world, MMM is feared.

In January 2016 the Chinese government banned MMM on the grounds that it is a pyramid scheme, (Ponzi scheme), and it is not registered in the country (and as a fraudulent scheme cannot be registered.

MMM recently crashed in Zimbabwe: Thousands of ‘Mavrodians’ in Zimbabwe were left in tears when the scheme crashed, losing tens of thousands of their lifetime savings.
PageOne gave Mbanefo’s address as 1 ROYAL STREET, LINDBERG PARK, JOHANNESBURG, SOUTH AFRICA.

According to Page One, on the 15th of July, Ernest was awarded a certificate of completion of an online course titled ‘MMM Guiders School’. The certificate was supposedly signed by Sergei Mavrodi himself. He has since given himself the nickname the ‘Super Guider of MMM’.
To share news and information about MMM, Ernest also operates a subdomain ‘news.mmm-nigeria.net. The site praises him and projects him as the leader of the Ponzi Scheme in Nigeria.

“He is described as: MMM Nigeria Super Guider; Pastor Ernest Mbanefo, has been selflessly helping thousands of MMM Nigeria Participants whether or not they fall under his downline structure. The brain behind the MMM NIGERIA REVOLUTION operation has been working selflessly and tirelessly towards the education, information and proper guidance for the MMM Nigeria Community’
*Culled from Nigerian Communications Week and PageOne

Comments

Post a Comment

Popular posts from this blog

Heroes reality TV Show Set To Unveil All 37 Housemates.

Image
Unlike most reality show in Nigeria, Heroes back to the roots is deeply rooted in the spirit of our culture and tourism. Speaking in an interview with the Director of the reality show, Ifeanyi   Onyeabo,   (Nollywood foremost movie director) says, the whole idea behind the show was born out of the negligence of culture and tourism exhibited by Nigerians, especially the youths who now prefer the western ways of doing things. Claiming that, our appreciation and value of culture and tourism is gradually dying out before our very eyes. The Heroes reality TV show is put together by De Havilla Timeless Production Ltd, a leading entertainment firm in Nigeria, in partnership with the Nigeria Tourism Development Corporation (NTDC), Heroes, is Nigeria’s first culture and tourism reality show designed to promote and re-value our dying Nigerian culture and appreciation of indigenous tourist zones. Heroes... back to the roots as it is fondly called, held a nation- wide au...
Read more

OMG ! An Angel like Image Spotted In The Sky In Dansoman, Ghana.

Image
Dansoman is a sub-urban town in Accra region of Ghana, located near Accra. the town is known for being the largest estate in West Africa. in 2013, it was reported that an image of Jesus Christ was spotted in the sky at Dansoman, Accra Ghana that occurence alone triggered a lot of speculations about the second coming as well as the end time. just this morning some set of people living in the same town saw another image of an Heavenly body in the sky which lasted for a few hours statically, they watched the angel persistently until it vanished off gradually into the sky. Many were afraid at the sight of this appearance, wondering what signs it had come to give, some of the inhabitants of Dansoman went rhetorical, asking what is actually wrong or right about this very town where this appearances keeps taking place others assumed the end time is just closer than they ever imagined.
Read more

Oscars 2018: The shape of water leads the race with 13 nods

Image
shot from the movie: the shape of water Oscar nominations for the 90th annual awards were announced on Tuesday morning from the Samuel Goldwyn Theater in Beverly Hills, Calif. Academy President John Bailey was joined by Tiffany Haddish and Andy Serkis to reveal the nominees in 24 categories. Guillermo del Toro’s “The Shape of Water” continued its awards show streak, leading the pack with 13 nominations. Martin McDonagh’s “Three Billboards Outside Ebbing, Missouri” followed behind with nine nods and “Dunkirk” with eight. All three films earned best picture nominations. The rest of the category was rounded out by “Call Me By Your Name,” “Darkest Hour,” “Get Out,” “Phantom Thread,” “Lady Bird,” and “The Post.” The Academy Awards — hosted by Jimmy Kimmel for the second time — will air live on ABC on March 4. Here is the list of 2018 Oscar nominations: Best Picture: “Call Me by Your Name” “Darkest Hour” “Dunkirk” “Get Out” “Lady Bird” “Phantom...
Read more