ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Thursday, March 4, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
House of Representatives

House of Representatives

MMM defies Nigerian parliament, marks one year anniversary

byNicholas Ibekwe
November 20, 2016
2 min read

Despite the call by Nigeria’s House of Representatives for the country’s financial regulator and law enforcement agencies to crack down on pyramid financial scheme called MMM, members of the community across the country have celebrated the first anniversary of the scheme with donations to Internally Displaced Persons (IDPs) and other indigent people.

A member of the country’s lower chamber, Akinlade Fijabi from Oyo State, who raised the matter in a motion of urgent national importance described MMM as a ‘Rob Peter to Pay Paul Scheme’.

PREMIUM TIMES reported how, after deliberations, The House, asked law enforcement and regulatory agencies to clamp down on the promoters of MMM.

Some Nigerians have also described the scheme as a Ponzi destined to go burst. But the number of Nigerians participating in the scheme has continued to grow exponentially. There are now over 2 million active members of the scheme in the country.

As the scheme, which its participants like to refer to as “a community of mutual aid and donation exchange” marked its first anniversary on Friday, members across the country donated cash and relief materials to the less privileged.

The News Agency of Nigeria (NAN) reports that members of the MMM community as part of its humanitarian week tagged, “MMM Cares” donated relief materials to IDPs at the Gwoza and Bama Camps in Abuja.

The group donated bag of rice, garri, cartons of beverages and noodles as well as clothing, and drugs.

Seyi Bello, a Guilder in the ‘MMM Community’ said they were driven to make the donation by their desire to affect the society positively and help the less-privileged.

“We are marking our first year anniversary and we have decided to come and celebrate it with our brothers, mothers and children in the camp.

RelatedNews

Blood on Uniforms (2): No justice for inmates killed by Nigerian prison officials

Army declares 12 officers, 89 soldiers wanted for deserting warfront (FULL LIST)

Reps to probe ‘missing’ 5.2 million barrels of crude oil

Voluntary resignation: Reps task Nigerian Army on personnel welfare

“As a community, we do not only provide help to our members, we also extend that to the larger society as part of our social responsibility.

“In these times of economic challenges, the IDPs are the ones that need help and support more than any other person; that is why we visited them today,” he said.

He said that the relief items were bought from free-will donations of members in their quest to touch lives positively.

Dangote adbanner 728x90_2 (1)

He said: “The N5 million was raised from voluntary donations by members in the FCT.

“That is what defines us as a community of people providing financial help to each other on the principle of reciprocity and benevolence.

“In MMM there are no lenders and no debtors. One participant asks for help, another one helps.’’

Similarly, in Ibadan, Naij, an online media, reports that MMM community members in the city donated N2.5 million to hospital patients.

The community, which tagged its charity donation “Save a life”, said it was part of the reason the group was formed.

“And part of the motive of the organization is providing for the less privileged. We have come here and seen that there are a lot of people in need financially and we are here to render the assistance.

ADVERTISEMENT

“We believe that if we save these people’s lives today, they would be the ones to save other people’s lives tomorrow.

“We are here to also enlighten people that the scheme is not a scam and to enlighten them on social responsibility by the community”, said Eleyele Benjamin, one of the community leaders.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...



JOIN THE CONVERSATION

  • Disqus (122)
premiumtimes



PT Mag Campaign AD

Previous Post

Grace Omogui, 82-year-old mother of ex-FIRS boss, Ifueko Okauru, shot dead

Next Post

INTERVIEW: How I cope with ladies’ attention, marriage pressure – Banky W

Nicholas Ibekwe

Nicholas Ibekwe

Nicholas Ibekwe is PREMIUM TIMES' Head of Investigations. He is a graduate of English Language from the Lagos State University. He has a Master's in International Journalism from City University, London, United Kingdom. Nicholas, who is 2016 fellow of the World Press Fellowship, has won several awards for his work including the Wole Soyinka Prize for Investigative Journalism, two-time finalist, FAIR( Forum for African Investigative Reporters) Award, and Chevening Scholarship. Twitter: @nicholasibekwe 

More News

The Sultan Abubakar Saad-led JNI says the debate will give undue publicity to Abduljabbar.

JNI speaks on planned debate with controversial Kano preacher, Abduljabbar

March 4, 2021
COVID Vaccine

COVID-19: Nigeria records 16 more deaths as it prepares for mass vaccination

March 4, 2021
A gas plant used to illustrate the story [Photo: Africa Invest]

Renewable Energy: Why Africa looks likely to continue relying on fossil fuels

March 4, 2021
Nigeria Correctional Centre Kaduna inmates (Source, folder)

Blood on Uniforms (2): No justice for inmates killed by Nigerian prison officials

March 4, 2021
Myanmar protests

Myanmar anti-coup protesters return after deadliest day

March 4, 2021
Major-General I. Attahiru, Nigeria’s new Chief of Army Staff.

Army declares 12 officers, 89 soldiers wanted for deserting warfront (FULL LIST)

March 4, 2021
Next Post
INTERVIEW: How I cope with ladies’ attention, marriage pressure – Banky W

INTERVIEW: How I cope with ladies' attention, marriage pressure - Banky W

Despite Tinubu’s rejection of primary, Buhari urges Ondo voters to support Akeredolu

Ondo 2016: Abraham, Boroffice absent as Buhari meets defeated APC guber aspirants

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,627,661 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.