Is MMM back again in Nigeria?

For more news updates visit https://www.financialwatchngr.com/

SEC gives serious warning against Loom money Nigeria
SEC gives serious warning against Loom money Nigeria

Is MMM back again in Nigeria? – The biggest ongoing scam or next MMM is online forex trading and cryptocurrency mining.

Nigerians are investing billions again, just like they did in MMM.

The only difference is that they are no longer investing in a single platform.

Many already losing huge sums.

When are we going to learn?

Promoters of Make Money by Trading and Investing in Cryptocurrency – Bitcoin mining, forex trading, etc have dominated the social media space recently.

While there truly exist the legitimate offers, majority of such offers flying around are purely scams & Nigerians are targets!

Cryptocurrencies are complicated, very confusing to new users and lightly regulated — all of which makes them an ideal target for scammers.

In December 2017, the chairman of the US Securities and Exchange Commission (SEC) issued a statement about the lack of investor protection for those buying cryptocurrencies.

Case study: Pincoin and iFan

In April 2018, the Pincoin and iFan ICOs, run by the same Vietnam-based company, are believed to have cheated more than 30,000 investors out of a combined total of $660 million.

iFan was meant to be a social media platform for celebrities and Pincoin promised 40% monthly returns to investors. Both were later shown to be multi-level marketing (MLM) scams.

This has led to the rise of fake ICOs which, with some slick marketing and a little bit of hype, can convince people to buy a cryptocurrency that doesn’t actually exist.

For example, one report found that 78% of ICOs in 2017 were scams, while a separate report put that figure at above 80%.

Again, if you’re dreaming of getting rich quick from a crypto ICO, be aware that for every ICO success story there are many, many more failures, even if the project isn’t a scam.

How to avoid fraudulent ICOs:

Thoroughly research any ICO before buying in. Look at the team behind the project, its white paper, the purpose of the currency, the tech behind it and the specifics of the token sale.

Ponzi or pyramid schemes

A Ponzi scheme is a simple but alarmingly effective scam that lures in new investors with the promise of unusually high returns.

Here’s how it works: a promoter convinces people to invest in their scheme. These initial investors receive what they believe to be returns, but are actually payouts from the money deposited by newer investors.

Now satisfied that the scheme is legit, those investors who received payouts pump more of their money into the scheme and encourage others to do the same.

Sooner or later, the scheme collapses when the promoter runs off with the money or it becomes too difficult to lure new investors.

These types of pyramid schemes are nothing new and can be easy to spot, but that hasn’t stopped some crypto buyers from being scammed in a handful of high-profile incidents.

How to avoid Ponzi/pyramid schemes:

Look out for cryptocurrency projects that encourage you to recruit new investors to enjoy bigger profits.

Never trust a scheme that promises returns that sound too good to be true.

Mining scams

Cloud mining allows you to mine cryptocurrencies like bitcoin without having to purchase the expensive hardware required to do so.

There are several legitimate cloud mining services that let users rent server space to mine for coins at a set rate.

However, there are also plenty of cloud mining scams out there.

Some promise astronomical (and implausible) returns and fail to disclose a range of hidden fees, while others are fronts for Ponzi scams and are simply designed to part you from your money.

How to avoid cryptocurrency mining scams:

Thoroughly research any cloud mining operation before signing up.

  • Does it use https?
  • Does it have a public mining address?
  • How long has it been in business?
  • Can you find any legitimate reviews from other users?
  • Does the site have a registered domain name?
  • Can the company provide proof of equipment?
  • Be extremely wary of companies that “guarantee” huge or outrageous profit or return on investment.

Do you need high paying jobs in Nigeria? If yes visit https://recruitmentportalngr.com now to apply for hot government and private company jobs in Nigeria today!

Download all job past questions & answers here to get ahead of others in getting that your dream job – Download here now!   Call/WhatsApp: 08141171945

10 Comments

  1. NIGERIA CUSTOM SERVICE HAS COMMENCE THE AUCTIONING OF VEHICLES WITH THE DIRECTIVE OF THE FEDERAL GOVERNMENT FOR 2019/2020 LIKE AND SHARE THIS TO IMPROVE THE LIFE OF THE CITIZENS NIGERIA.CUST0MS SEAS0N SALES
    WE HAVE DONE IT BEFORE NOW WE ARE DOING IT AGAIN.
    A GREAT OPPORTUNITY TO OWN A CHOICE VEHICLES AT MINIMAL COSTS.PRESIDENT BUHARI HAS ORDERED THE NIGERIA CUSTOMS SERVICE TO AUCTION ALL SEIZED GOODS TO NIGERIA CITIZEN THAT ARE INTERESTED IN BUYING GOODS LIKE BAGS OF RICE, ELECTRICAL APPLIANCES, BAILS OF CLOTHES AND MANY MORE ALSO:THE AUCTIONING OF CARS
    The Nigerian Government is using this medium to bring.
    To your notice that we are Selling Off T0kunbo vehicles in our custody.
    They are vehicles that have never been used in Nigeria.
    For more information…..
    CALL THE OFFICER IN-CHARGE COMPTROLLER DAMILOLA FREDRICK ============== (+2348101300283) ============DELIVERY TO ALL 36 STATES IN NIGERIA Some of The Vehicles Available are
    1999 CAMRY PENCIL LIGHT.N300K
    1999 TOYOTA SIENNA. N300K
    1999 TOYOTA PICNIC. N250K
    1999 HONDA BABY BOY. N300K
    Toyota 4Runner N600K
    Toyota Avalon N600K
    Toyota Avensis N550K
    Toyota Camry N300K -980K
    Toyota Corolla N500K
    Toyota Hiace Bus N500K
    Toyota Highlander N950K
    Toyota HiLux N900K
    Toyota Matrix N550K
    Toyota Prado N1M
    Toyota Rav4 N600K
    Toyota Sequoia N250K
    Toyota Tacoma N700K
    Toyota Tundra N800K
    Toyota Venza N1M
    Toyota Yaris N350K
    Honda Baby Boy N300K
    Honda Accord 03 EOD N550K
    Honda City N300K
    Honda Civic N350K
    Honda Crosstour N1M

  2. NIGERIA CUSTOM SERVICE HAS COMMENCE THE AUCTIONING OF VEHICLES WITH THE DIRECTIVE OF THE FEDERAL GOVERNMENT FOR 2019/2020 LIKE AND SHARE THIS TO IMPROVE THE LIFE OF THE CITIZENS NIGERIA.CUST0MS SEAS0N SALES
    WE HAVE DONE IT BEFORE NOW WE ARE DOING IT AGAIN.
    A GREAT OPPORTUNITY TO OWN A CHOICE VEHICLES AT MINIMAL COSTS.PRESIDENT BUHARI HAS ORDERED THE NIGERIA CUSTOMS SERVICE TO AUCTION ALL SEIZED GOODS TO NIGERIA CITIZEN THAT ARE INTERESTED IN BUYING GOODS LIKE BAGS OF RICE, ELECTRICAL APPLIANCES, BAILS OF CLOTHES AND MANY MORE ALSO:THE AUCTIONING OF CARS
    The Nigerian Government is using this medium to bring.
    To your notice that we are Selling Off T0kunbo vehicles in our custody.
    They are vehicles that have never been used in Nigeria.
    For more information…..
    CALL THE OFFICER IN-CHARGE COMPTROLLER DAMILOLA FREDRICK ============== (+2348101300283) ============DELIVERY TO ALL 36 STATES IN NIGERIA Some of The Vehicles Available are
    1999 CAMRY PENCIL LIGHT.N300K
    1999 TOYOTA SIENNA. N300K
    1999 TOYOTA PICNIC. N250K
    1999 HONDA BABY BOY. N300K
    Toyota 4Runner N600K
    Toyota Avalon N600K
    Toyota Avensis N550K
    Toyota Camry N300K -980K
    Toyota Corolla N500K
    Toyota Hiace Bus N500K
    Toyota Highlander N950K
    Toyota HiLux N900K
    Toyota Matrix N550K
    Toyota Prado N1M
    Toyota Rav4 N600K
    Toyota Sequoia N250K
    Toyota Tacoma N700K
    Toyota Tundra N800K
    Toyota Venza N1M
    Toyota Yaris N350K
    Honda Baby Boy N300K
    Honda Accord 03 EOD N550K
    Honda City N300K
    Honda Civic N350K
    Honda Crosstour N1M

  3. NIGERIA CUSTOM SERVICE HAS COMMENCE THE AUCTIONING OF VEHICLES WITH THE DIRECTIVE OF THE FEDERAL GOVERNMENT FOR 2019/2020 LIKE AND SHARE THIS TO IMPROVE THE LIFE OF THE CITIZENS NIGERIA.CUST0MS SEAS0N SALES
    WE HAVE DONE IT BEFORE NOW WE ARE DOING IT AGAIN.
    A GREAT OPPORTUNITY TO OWN A CHOICE VEHICLES AT MINIMAL COSTS.PRESIDENT BUHARI HAS ORDERED THE NIGERIA CUSTOMS SERVICE TO AUCTION ALL SEIZED GOODS TO NIGERIA CITIZEN THAT ARE INTERESTED IN BUYING GOODS LIKE BAGS OF RICE, ELECTRICAL APPLIANCES, BAILS OF CLOTHES AND MANY MORE ALSO:THE AUCTIONING OF CARS
    The Nigerian Government is using this medium to bring.
    To your notice that we are Selling Off T0kunbo vehicles in our custody.
    They are vehicles that have never been used in Nigeria.
    For more information…..
    CALL THE OFFICER IN-CHARGE COMPTROLLER DAMILOLA FREDRICK ============== (+2349039066990) ============DELIVERY TO ALL 36 STATES IN NIGERIA Some of The Vehicles Available are
    1999 CAMRY PENCIL LIGHT.N300K
    1999 TOYOTA SIENNA. N300K
    1999 TOYOTA PICNIC. N250K
    1999 HONDA BABY BOY. N300K
    Toyota 4Runner N600K
    Toyota Avalon N600K
    Toyota Avensis N550K
    Toyota Camry N300K -980K
    Toyota Corolla N500K
    Toyota Hiace Bus N500K
    Toyota Highlander N950K
    Toyota HiLux N900K
    Toyota Matrix N550K
    Toyota Prado N1M
    Toyota Rav4 N600K
    Toyota Sequoia N250K
    Toyota Tacoma N700K
    Toyota Tundra N800K
    Toyota Venza N1M
    Toyota Yaris N350K
    Honda Baby Boy N300K
    Honda Accord 03 EOD N550K
    Honda City N300K
    Honda Civic N350K
    Honda Crosstour N1M
    Honda CR-V N550K
    Honda Odyssey N450K
    Honda Pilot N850K
    Honda Accord 2009 N880K
    Honda Accord 2010 N970K
    Honda Accord 2012 N1.1M
    Lexus GS N1M
    Lexus GX460 N950K
    Lexus LX 570 N750K
    Lexus RX 300 N650K
    Lexus RX 330 N750K
    Lexus RX 350 N850K
    Land Rover Discovery N1M
    Land Rover Freelander N1M
    Range Rover Sport HSE. N1.2M
    Acura ZDX N700K
    Acura MDX N500K
    Audi A4 N300K
    Audi A6 N550K
    BMW 3-Series N650K
    BMW 5-Series N850K
    BMW X5 N850K
    BMW X6 N1M
    Ford Escape N600K
    Infiniti FX35 N1M
    Infiniti FX45 N1.2M
    Infiniti QX4 N650K
    Mazda 626 N150K
    Mazda MPV N550K
    Mazda Tribute N680K
    Mercedes-Benz C-Class N550K
    Mercedes-Benz E-Class N600K
    Mercedes-Benz GLK N650K
    Mercedes-Benz ML320 N750K
    Mercedes-Benz ML350 N980K
    Nissan Altima N450K
    Nissan Armanda N850K
    Nissan Maxima N550K
    Nissan Murano N500K
    Nissan Pathfinder N500K
    Nissan Primera N150K
    Nissan Quest N250K
    Nissan Xterra N550K
    Peugeot 406 N330K
    Peugeot 407 N500K
    Peugeot 607 N650K
    Volkswagen Golf 2 N150K
    Volkswagen Golf 3 N150K
    Volkswagen Golf 4 N150K
    Volkswagen Beetle. N150K

  4. NIGERIA CUSTOM SERVICE HAS COMMENCE THE AUCTIONING OF VEHICLES WITH THE DIRECTIVE OF THE FEDERAL GOVERNMENT FOR 2019/2020 LIKE AND SHARE THIS TO IMPROVE THE LIFE OF THE CITIZENS NIGERIA.CUST0MS SEAS0N SALES
    WE HAVE DONE IT BEFORE NOW WE ARE DOING IT AGAIN.
    A GREAT OPPORTUNITY TO OWN A CHOICE VEHICLES AT MINIMAL COSTS.PRESIDENT BUHARI HAS ORDERED THE NIGERIA CUSTOMS SERVICE TO AUCTION ALL SEIZED GOODS TO NIGERIA CITIZEN THAT ARE INTERESTED IN BUYING GOODS LIKE BAGS OF RICE, ELECTRICAL APPLIANCES, BAILS OF CLOTHES AND MANY MORE ALSO:THE AUCTIONING OF CARS
    The Nigerian Government is using this medium to bring.
    To your notice that we are Selling Off T0kunbo vehicles in our custody.
    They are vehicles that have never been used in Nigeria.
    For more information…..
    CALL THE OFFICER IN-CHARGE COMPTROLLER DAMILOLA FREDRICK ============== (+2349039066990) ============DELIVERY TO ALL 36 STATES IN NIGERIA Some of The Vehicles Available are
    1999 CAMRY PENCIL LIGHT.N300K
    1999 TOYOTA SIENNA. N300K
    1999 TOYOTA PICNIC. N250K
    1999 HONDA BABY BOY. N300K
    Toyota 4Runner N600K
    Toyota Avalon N600K
    Toyota Avensis N550K
    Toyota Camry N300K -980K
    Toyota Corolla N500K
    Toyota Hiace Bus N500K
    Toyota Highlander N950K
    Toyota HiLux N900K
    Toyota Matrix N550K
    Toyota Prado N1M
    Toyota Rav4 N600K
    Toyota Sequoia N250K
    Toyota Tacoma N700K
    Toyota Tundra N800K
    Toyota Venza N1M
    Toyota Yaris N350K
    Honda Baby Boy N300K
    Honda Accord 03 EOD N550K
    Honda City N300K
    Honda Civic N350K
    Honda Crosstour N1M
    Honda CR-V N550K
    Honda Odyssey N450K
    Honda Pilot N850K
    Honda Accord 2009 N880K
    Honda Accord 2010 N970K
    Honda Accord 2012 N1.1M
    Lexus GS N1M
    Lexus GX460 N950K
    Lexus LX 570 N750K
    Lexus RX 300 N650K
    Lexus RX 330 N750K
    Lexus RX 350 N850K
    Land Rover Discovery N1M
    Land Rover Freelander N1M
    Range Rover Sport HSE. N1.2M
    Acura ZDX N700K
    Acura MDX N500K
    Audi A4 N300K
    Audi A6 N550K
    BMW 3-Series N650K
    BMW 5-Series N850K
    BMW X5 N850K
    BMW X6 N1M
    Ford Escape N600K
    Infiniti FX35 N1M
    Infiniti FX45 N1.2M
    Infiniti QX4 N650K
    Mazda 626 N150K
    Mazda MPV N550K
    Mazda Tribute N680K
    Mercedes-Benz C-Class N550K
    Mercedes-Benz E-Class N600K
    Mercedes-Benz GLK N650K
    Mercedes-Benz ML320 N750K
    Mercedes-Benz ML350 N980K
    Nissan Altima N450K
    Nissan Armanda N850K
    Nissan Maxima N550K
    Nissan Murano N500K
    Nissan Pathfinder N500K
    Nissan Primera N150K
    Nissan Quest N250K
    Nissan Xterra N550K
    Peugeot 406 N330K
    Peugeot 407 N500K
    Peugeot 607 N650K
    Volkswagen Golf 2 N150K
    Volkswagen Golf 3 N150K
    Volkswagen Golf 4 N150K
    Volkswagen Beetle. N150K

  5. NAVIC DATA PLANS👩‍👩‍👦‍👦 p Get the Cheapest and most durable data plan from a reliable seller with 24/7 Customer Service 👨‍👩‍👦‍👦.
    ___+2349034446032__
    MTN DATA BUNDLE​
    1GB= #600
    2GB=#1000
    3GB = #1200
    4GB=#1500
    5GB=#2000
    6GB=#2200
    7GB = #2500
    10GB=#3000
    14GB = #4000
    Validity:1month= 30days
    ETISALAT DATA
    1GB= ₦500
    2GB= #700
    4GB = ₦1000
    5GB = ₦1500
    8GB = ₦2000
    14GB = ₦3000
    Validity:1months 30days
    AIRTEL DATA BUNDLE​
    1.5GB = ₦800
    3.5GB =₦1200
    8.5GB = ₦2200
    15GB = ₦3500
    Validity:1months 30days
    GLO DATA BUNDLE​
    2GB = ₦600
    4.5GB = ₦1000
    9.5GB = ₦2000
    15GB = ₦3000
    Validity:1month= 30days
    ✅To check bundle balance​​✅
    MTN = * 461*#
    ETISALAT= * 229*9#
    GLO = * 127*0#
    AIRTEL = * 123*10#

    Dstv 1M= 3,600 4M= 5,500
    Gotv 1m= 1,700 4m =3,200
    1YR=5,600 ST 1m=1,300 4m=2000
    1YR = 5,000

    To order now
    Whatsapp _+2349034446032_
    only interested Mtn/Glo/9mobile & AIRTEL subscribers are expected to pm. Your data will be ​delivered​ 📲immediately your payment is confirmed. Thanks🙏.

  6. NAVIC DATA PLANS👩‍👩‍👦‍👦 p Get the Cheapest and most durable data plan from a reliable seller with 24/7 Customer Service 👨‍👩‍👦‍👦.
    ___+2349034446032__
    MTN DATA BUNDLE​
    1GB= #600
    2GB=#1000
    3GB = #1200
    4GB=#1500
    5GB=#2000
    6GB=#2200
    7GB = #2500
    10GB=#3000
    14GB = #4000
    Validity:1month= 30days
    ETISALAT DATA
    1GB= ₦500
    2GB= #700
    4GB = ₦1000
    5GB = ₦1500
    8GB = ₦2000
    14GB = ₦3000
    Validity:1months 30days
    AIRTEL DATA BUNDLE​
    1.5GB = ₦800
    3.5GB =₦1200
    8.5GB = ₦2200
    15GB = ₦3500
    Validity:1months 30days
    GLO DATA BUNDLE​
    2GB = ₦600
    4.5GB = ₦1000
    9.5GB = ₦2000
    15GB = ₦3000
    Validity:1month= 30days
    ✅To check bundle balance​​✅
    MTN = * 461*#
    ETISALAT= * 229*9#
    GLO = * 127*0#
    AIRTEL = * 123*10#

    Dstv 1M= 3,600 4M= 5,500
    Gotv 1m= 1,700 4m =3,200
    1YR=5,600 ST 1m=1,300 4m=2000
    1YR = 5,000

    To order now
    Whatsapp _+2349034446032_
    only interested Mtn/Glo/9mobile & AIRTEL subscribers are expected to pm. Your data will be ​delivered​ 📲immediately your payment is confirmed. Thanks🙏.

  7. GOOD DAY MA/SIR*
    Have you had about LAVITA TRUST FUND ?am not talking about MMM or Ponzi SCHEME
    lavita is a matrix system which give you DOUBLE of your CAPITAL back in (min) after registration
    LAVITA PACKAGES
    ₦10,000——–₦20,000
    ₦20,000——–₦40,000
    ₦40,000——–₦80,000
    ₦50,000——–₦100,000
    ₦100,000——₦200,000
    ₦200,000——₦400,000
    ₦400,000——₦800,000
    ₦800,000——₦1,600,000
    ₦1,000,000—₦2,000,000
    NOTE: we credit your account after 45min after registeration
    INTRODUCTION
    Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
    NO +2349034825617
    ITS SIMPLE HERE!!!!!!!
    We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 100k within 25mins we make profit of 300k then send 200k to you then profit 100k This is not mmm where they merge people to donate for each other
    You pay directly to us and we credit you directly
    https://api.whatsapp.com/send?phone=+2349034825617
    Note:you get credited in less than 45mins
    CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
    NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem.

  8. NEWAGE 🏦 INVESTMENT*
    *NO MORE EXCUSES*
    👈👈🗣🗣🗣🗣🗣🗣🗣
    👇👇👇👇👇👇👇👇

    1. I don’t have money
    2. I can’t meet up with others
    3. I can’t cope with my bills
    4. I can’t improve on neccesary areas

    🔕🔕🔕🔔🔔🔔📣🔕
    Your excuses may be legit but they won’t improve your Life.

    •NEWAGE 🏦 INVESTMENT is Fully Registered with with GNI. with RC NO 563855 (For those Who Think GNI Insurance is Not Registered)* *for more explanation Watsapp Administrator Management On *(+2349013135413)*

    *NEWAGE INVESTMENT 🏦 is a platform network that deal with investing of money just within 40-45 minutes you will get back your money double*

    *NEWAGE INVESTMENT 🏦 PACKAGE’S
    *N5,000 =N10,000*🔂
    *N10,000=N20,000*🔂
    *N20,000=N40,000*🔂
    *N30,000=N60,000*🔂
    *N40,000=N80,000*🔂
    *N50,000=N100,000*🔂
    *N100,000=N200,000*🔂
    *N200,000=N400,000*🔂

    I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world.

    I assure you 101%that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.

    Are u a worker?
    Are u a student looking for your school fees?
    Are u a woman looking for money to pay your children school fees?

    Are u jobless and u need where u can make source of income?

    NEWAGE 🏦 INVESTMENT is here for you! With a little amount u can earn and make more more source of income.,,,

Leave a Reply

Your email address will not be published.