Politics
Breaking: Internet Users Criticize Purported Return Of MMM Ponzi-Scheme (Details)
Nigerians on various social media platforms have criticized the alleged resurgence of MMM, a Ponzi scheme that operated for several years before its shutdown. The original scheme, Mavrodi Mundial Moneybox, sparked controversy when investors discovered they had been deceived. Established in 2011, MMM crashed in December 2016, and despite announcing a return in 2017, it failed to relaunch….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
The founder of the scheme, Sergey Mavrodi, an ex-convict, passed away on March 26, 2018, leading to the closure of MMM in April 2018. However, on December 4, 2023, and continuing into Tuesday, social media erupted with news of the alleged return of the scheme, now supposedly renamed MMMkrypto. The X platform, formerly Twitter, saw “MMM is back” trending.
Reports suggested that sponsors rebranded the scheme, now offering tempting benefits, including a “36 per cent referral bonus,” according to a viral image posted online. Users expressed caution and skepticism on social media, with many recalling their negative experiences with Ponzi schemes.
One user, Osinakachi Kalu (@OsinakachiAkuma), expressed disbelief at the prospect of MMM’s return in the current economic climate, cautioning others to stay away. Another user, @ChuksEricE, deemed it unwise to invest, while @geoffreydpr shared his personal loss from the previous MMM iteration and strongly discouraged participation.
The spokesperson for the Economic and Financial Crimes Commission (EFCC), Dele Oyewale, urged Nigerians to adhere to banking rules, conduct due diligence on investments, and avoid transactions associated with criminal activities. Efforts to contact the Nigeria Police Force Public Relations Officer, Muyiwa Adejobi, for confirmation and information on actions against the scheme’s sponsors were unsuccessful at the time of reporting.
The Federal High Court has announced that its 2026 Christmas vacation will begin on Monday, December 21, and end on Tuesday, January 5, 2027.....KINDLY READ THE FULL STORY HERE▶
The court is expected to resume regular sittings on Wednesday, January 6, 2027.
The announcement was contained in a statement issued on Monday by the Director of Information of the Federal High Court of Nigeria, Dr Catherine Oby Christopher.
According to the statement, the Chief Judge of the Federal High Court, Justice John Terhemba Tsoho, approved the vacation arrangement and the appointment of judges who will handle cases during the period.
Christopher explained that only designated judicial divisions would remain operational throughout the vacation to provide essential judicial services.
She added that the vacation judges would handle only matters involving the enforcement of fundamental human rights, the arrest or release of vessels, and other issues of urgent national importance, including the trial of pre-election cases.
The statement read:
“Pursuant to the provisions of Order 46, Rule 4(c) of the Federal High Court (Civil) Procedure Rules, 2019, the Chief Judge of the Federal High Court of Nigeria, Hon. Justice John Terhemba Tsoho, KSS, OFR, FCIArb. (UK), has approved the Christmas Vacation of the Court for the year 2026 and the roster of Judges designated to sit during the vacation period.
“The Christmas Vacation shall commence on Monday, 21st December 2026, and end on Tuesday, 5th January, 2027.
“Regular court sittings shall resume on Wednesday, 6th January 2027.
“During the vacation period, only the designated Judicial Divisions shall remain operational to provide judicial services to the litigating public.
“It is important to note that, during the vacation period, the Vacation Judges shall entertain only matters relating to the enforcement of fundamental rights, the arrest or release of vessels, and other matters of urgent national importance such as trial of pre-election cases.”
Full List Of Federal High Court Vacation Judges
The judges designated to handle cases during the Christmas vacation are as follows:
Abuja Judicial Division
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Justice I. E. Ekwo
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Justice O. A. Egwuatu
Lagos Judicial Division
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Justice Akintayo Aluko
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Justice Ogazi F. Nkemakonam
Port Harcourt Judicial Division
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Justice P. M. Ayua
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Justice A. T. Mohammed
Enugu Judicial Division
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Justice F. O. G. Ogunbanjo
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Justice M. T. Segun-Bello
The statement added that the Chief Judge extended Christmas and New Year greetings to all judges and members of the court.
latest
“Behave Yourself!” – Seyi Tinubu Fires Back At Isaac Fayose Over Port Harcourt ‘City Boy’ Walk.
Seyi Tinubu, son of President Bola Tinubu, has criticised political commentator Isaac Fayose over his remarks about the City Boy movement’s walk in Port Harcourt, Rivers State.....KINDLY READ THE FULL STORY HERE▶
Fayose had taken to social media to question the gathering, describing it as a waste of time and expressing doubts about the number of people who attended the event.
Responding in the comment section of the post, Seyi urged the businessman to conduct himself properly instead of criticising the group’s activities.
He defended the Port Harcourt walk, describing it as a successful and peaceful gathering organised by young Nigerians in support of President Tinubu and his administration.
Seyi wrote: “My content creator Egbon e behave ara yin o. You and I both know that those gallant men and women were there for the city boy walk in PH, which was a success by the way. Vote APC.”
In a related development, Fayose has alleged that he is being targeted with false accusations because of his support for the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi.
The younger brother of former Ekiti State Governor, Ayodele Fayose, made the allegation in a video shared on his verified Facebook page on Sunday.
He was reacting to a post by an unnamed blogger linking him to a rape allegation, which he denied, describing it as a fabrication intended to damage his reputation because of his refusal to withdraw support for Obi.
Fayose further alleged that individuals who turn down offers from the All Progressives Congress (APC) are often subjected to smear campaigns.
Celebrity barman and socialite, Cubana Chief Priest, has challenged the Minister of Works, David Umahi, to provide evidence of projects he has executed in the South-East region.....KINDLY READ THE FULL STORY HERE▶
Chief Priest made the challenge in a video shared on social media, where he criticised the minister over the state of infrastructure in the region.
The socialite alleged that a bridge had stopped serving its intended purpose following work carried out on it under Umahi’s supervision.
He also accused the minister of promising votes for President Bola Tinubu without demonstrating sufficient development to convince residents of the region to support the President.
Chief Priest questioned what Umahi was relying on to persuade people in the South-East to vote for Tinubu. He also alleged that the minister was positioning his son to succeed Ebonyi State Governor Francis Nwifuru.
“Minister of Works, show us project wey you do for your region; our bridge is no longer bridging since you touched it. Let us go,” he said.
The socialite further criticised the alleged plan to position Umahi’s son for the governorship, arguing that political leadership should not be treated as a family affair.
He also questioned the level of development in Ebonyi State and the wider South-East, accusing the minister of failing to address the region’s challenges.
“Pharaoh, let our people go, honorable Minister of Works; Pharaoh, let the people of the Southeast go,” he added.
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