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MMM Nigeria Users Contemplate Suicide As Ponzi Scheme Freezes Payments For One Month

mmmnigeria

mmmnigeria

Except you’ve been living somewhere under Olumo Rock, you’ve probably heard about the pyramid scheme that is sweeping the nation – MMM Nigeria!

The “wonder bank” scheme lets you “invest” money and within a few weeks, you get a 30 per cent return. The scheme has become so popular with many Nigerians who have been hit by the recession investing in it.

MMM which is owned by Russian, Sergey Mavrodi has been banned in other countries where it once operated before crashing, but for now they are still going strong in Nigeria….

Until this morning, when MMM shocked it’s users with a notice to it’s members on their website, saying there will be no money flowing till January 2017….an entire month!

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French Marines Seize Massive Weapons Haul

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Warning: You May Be Missing Out On All The Gaming Fun!

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Bloomberg Claims Aliko Dangote Lost Half Of His $25 Billion Wealth In Just Six Months

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Aliko+Dangote+Arrivals+TIME+100+Gala+ovGT5JwIVLhl

Just a few months ago Aliko Dangote was named the richest man in Africa and the 23rd richest man in the world by Forbes, making him the first black man to make the top 25 richest list.

However Bloomberg Billionaires is claiming that the business magnate has lost over half of his $25 billion fortune in just 6 months!

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Femi Otedola’s Forte Oil To Acquire Wale Tinubu Owned Oando Downstream For $350 Million

FemiOtedolaWaleTinubu_that1960chick.com

FemiOtedolaWaleTinubu_that1960chick.com

This is a www.that1960chick.com EXCLUSIVE!

Source tell me that Femi Otedola owned Forte Oil PLC is set to buy Oando Downstream Assets. There have been rumours for some time about Forte’s interest in acquiring the downstream assets of Oando PLC and just last week the Nigerian Stock Exchange (NSE) announced that Forte was in talks to acquire “a downstream oil company” but it did not say which.

I can authoritatively tell you it’s Oando PLC Downstream.

My sources close to Oando PLC tell me the sale is going down for about $350 million (USD). Another source informs me that Oando PLC has a debt overhang in the region of $2 billion so this sale will probably go towards offsetting some of that debt.

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Richest Black Woman Folorunsho Alakija Flashes Her Billion Dollar Smile On Forbes Africa Woman

Folorunsho-Alakija-December-2013-Forbes-Africa

Folorunsho-Alakija-December-2013-Forbes-Africa

Self made billionaire Mrs Folorunsho Alakija, who struck it rich through oil & gas covers the December/January issue of Forbes Africa Woman Magazine‘s. The Magazine has tagged her “The Slick Oil Baroness”

The Oil Baroness is rocking a multi-coloured ankara dress as she shows off her billion dollar smile!

If I had just a tenth of the money Mrs. Folorunsho Alakija has I would be all smiles too! #Swag #GirlPower

ARE YOU FEELING HER COVER?

The Billion Dollar Man: Aliko Dangote Now Worth 20 Billion Dollars, Making Him One Of Top 25 Richest In The World!

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Aliko-Dangote-1712045854._Naijapals[dot]comjpeg

Yesterday Forbes revealed that Aliko Dangote (Africa’s Wealthiest Man) now sits atop a $20 Billion fortune, thanks to the rise of the stock value of his largest holding, Dangote Cement in the last few months.

What this means is that Dangote is now one of the top 25 richest people in the entire world! He is richer than Russia’s richest man, Alisher Usmanov, richer than India’s Lakshmi Mittal and catching up to Google’s billionaire founders Larry Page and Sergey Brin.

Gaddem! Sir can I get some of your billions? 5 Million dollars will be enough for me. 🙂

Forbes reports

Aliko Dangote’s 93% stake in the cement company is now worth $19.5 billion. Add this to his controlling stakes in other publicly-listed companies like Dangote Sugar and National Salt Company of Nigeria and his significant shareholdings in other blue-chips like Zenith Bank, UBA Group and Dangote Flour; his extensive real estate portfolio, jets, yachts and current cash position, which includes more than $300 million in recently awarded Dangote Cement dividends, Dangote is now worth more than $20 billion.

WHAT DOES A GIRL NEED TO DO TO MAKE A FEW BILLIONS?! I NEED IDEAS!

P-Square Mingle With The Super Rich Aliko Dangote & Folorunsho Alakija At Nigeria-South Africa Business Forum In South Africa

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Peter & Paul Okoye (P-Square) were chilling with billionaires last night at the Nigeria-South Africa Business Forum in Cape Town. The twin pop stars were spotted with Africa’s richest man Aliko Dangote & possibly the richest black woman in the world Folorunsho Alakija.

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The boys were there as part of President Goodluck Jonathan’s delegation. You might be wondering what the hell they were doing there? But the music industry is indeed a thriving industry in Nigeria that is making people a lot of money, this is clear to see from the private jet setting and lavish lifestyle P-Square live. And apart from music I hear the boys are also diversifying their business interests into property and crude oil.

So the Business Forum was the perfect opportunity for them to mingle with the super rich and get tips on how to get their money up.

More pictures after the jump

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