As members are still trying to recover from the shock of the sudden freezing of accounts on the popular Ponzi Scheme, MMM, another similar one has surfaced online.
It is called NNN Nigeria and it is a complete rip-off of MMM except that it promises a return of 35% on every investment.
A message on their website reads:
NNN is a community of ordinary people, selflessly helping each other, a kind of mutual aid. This is the first sprout of something new in modern soulless and ruthless world of greed and hard cash. The goal here is not the money. The goal is to ACQUIRE AS MUCH AS YOU CAN, a statement on the NNN website reads.
According to the website, NNN is owned by the participants as it is a community by the people and for the people.
A team of freedom lovers in America headed by an influential Yoruba man came up with a logic and tested it offline in New York City in 2014. In September 2015, these men held a conference in VI Lagos where they introduced NNN logic. It was an improved MMM system- there will be no moratorium and the system will be automated.