When the controversial Pnzi scheme, Mavrodi Mundial Moneybox (MMM) froze the accounts of Nigerians a few days ago, several held on to the hope that the action was actually just a suspension as the website claimed. Several explanations have been given by both participants and ‘guiders’ as to why the scheme is still coming back.
However, even the most die-hard of Nigerians will not take the news that the scheme has been launched in Kenya with ease. The Kenyan version tells investors to expect 40% returns after a month, up 10% from the 30% Nigerians were promised.
The scheme’s portal, www.kenya-mmm.net, revealed that it was registered on August 12, 2016 with the address, 133, Sakura House in Tokyo, Japan and an anonymous registrar and already has a Facebook page as well as a YouTube channel.
Chacha Wabara is a legal practitioner, blogger and fitness coach. She has over 5 years experience is blogging and freelance writing. She has written several articles and research work over the years as a freelance contributor. She joins the Nairametrics team as our Lead News Editor and Content curator.