the publisher of Sahara Reporters, Omoyele Sowore, has been arrested

Emerging reports suggest that the publisher of Sahara Reporters, Omoyele Sowore, has been arrested by men of the Lagos state police command.

According to The Vanguard, Sowore was arrested over alleged threat to life on Checkout International Magazine’s publisher, Lekan Fatodu.

Sowore was arrested at his house in Lagos and moved to area F at Ikeja on Wednesday after Fatodu, lodged complaint to police.

The police stormed Sowore's house for his immediate arrest, following a tip off that he was in the state.

In his defense, Sowore told Premium Times that he was attacked by Lekan Fatodu, ‎publisher of UK-based CheckOut magazine over a story Sahara Reporters published about him last year.

But Mr Fatodu posted a tweet saying he “just got Sowore Omoyele of Saharareporters arrested for criminal defamation and blackmail and threat to my life and career.”

Sowore said Fatodu attacked him after he drove out of a restaurant situated along Isaac John Street.

“I went with a friend to have lunch in a restaurant and as we drove out of the place we got on Isaac John Street,” Sowore said.

“After driving for a few minutes, I slowed down by a construction site on the road and someone knocked on my window.”

Sowore said he immediately recognised Mr. Fatodu and wound down to greet him only to be physically attacked and dragged out of his vehicle.

“The construction workers and other people around moved closer to intervene and the police were called in,” he said.

The police took Sowore, Mr. Fatodu and others involved in the incident to Area “F” Command Headquarters, also in Ikeja.

It was here that the Commissioner of Police, Fatai Owoseni, said Mr. Sowore should be transferred to the State Criminal Investigation Department in Panti, Yaba, Lagos.

“It is unfortunate that the commissioner will treat such a brutal attack against me this way,” Mr. Sowore said.

“The matter that was before him was only about the immediate threat to my life only for him to further endanger my life by asking them to send me to Panti.”

Dolapo Badmus, the police spokesperson in the state, said Sowore was sent to Panti based on a petition against him.

Badmus said the petition was filed by Mr Fatodu and it involved criminal defamation, blackmail and threat to life.

“The commissioner received the petition yesterday and he immediately referred it to Panti for further investigation,” Ms. Badmus said. “That is why he was driven there for further investigation in his case.”

Badmus could not immediately say if or when Mr. Sowore would be arraigned before a court.

“The matter is still under investigation,” she said.

Sowore said he believed Mr. Fatodu’s attack against him was “strictly because of the report and other numerous investigations of Sahara Reporters against him and his benefactors.”

The currently embattled publisher, founded Sahara Reporters in 2006 to promote citizen journalism by encouraging everyday people to report stories about corruption, human rights abuses and other political misconduct in Nigeria.

Nigerian woman delivers quintuplets after 10 years of marriage

A woman who has been married for 10 years of being childless has delivered a set of quintuplets in Cross River state.

The babies were delivered on Monday, January 9th, at the University of Calabar Teaching Hospital, UCTH.

Cross River state's first lady, Linda Ayade visited them and donated N1million and an incubator for the management of the new babies to the family.

She also donated N500,000 to the medical team that delivered the babies.

They are the first set of quintuplets to be delivered in the state. They are so adorable. The couples expresses their joy and applications to God almighty.

Girls Justin Bieber had sex with

Justin Bieber is not only famous for his music career but also for being a catch with the ladies.

The singer is only 21 years old and is living the dream that most people can only dream of. With all the success and luxury that Justin has achieved, it is only fair if he gets to have a little fun on the side. Bieber first came into the scene as an adorable 14-year-old for his musical talent but eventually, he became this boy-toy that every lady in the scene wanted a piece of.

We all know his romantic relationship with Selena Gomez. The ex-couple started dating in 2010 and were on and off ever since. The two were very open about their relationship, considering they were out in the public eye as two big music stars. However, they are now even more open about what they used to have and how things are after the break-up. For Selena, it seems like the singer and songwriter has been busy focusing on her music career, especially when she has a lot to say regarding relationships, but as for Justin, it looks like it’s a whole different story.

The “What Do You Mean” singer is always in the media about who he is hooking up with, who he is dating, what girl has his heart, and so on. The guy can’t get enough. So besides Selena, who has been linked to Bieber? Well, we gathered a list of girls you had no idea Justin Bieber hooked up with.

Yovanna Ventura – Fitspo Model


Yovanna Ventura was known as the rebound girl of Justin Bieber’s after his last break-up with Selena Gomez. It was only a week after the singers broke up and already, Bieber was seen flirting and getting close to the Selena look-alike. She spent a weekend in Vegas with both the “Boyfriend” singer and Kendall Jenner. In 2014, the pair was seen together often, out and about, including for Justin’s 21st birthday. The 21-year-old singer was also seen getting hands-on with the Latina model in Venice Beach, California while riding in a rickshaw and later seen with his arm around her. Another sighting was when Bieber took her on the beach as he treated her to a soda pop. It was obvious the two had something but how serious was it? It looks like that’s the reason why she is known as his “rebound” girl because they never took it to the next level and they were seen flirting soon after his relationship with Selena Gomez.

Despite her reputation with Justin, Ventura quickly got attention and has become an Instagram fitspo model with her workout videos and photos amassing a big following ever since.




Ella-Paige Roberts Clarke – British Singer

According to U.K newspaper, The Mirror, Ella Paige Roberts Clarke and Justin Bieber met while he was still dating Selena Gomez. They first laid eyes on each other in Los Angeles in 2013 while she was recording. The two were then spotted together all over London including for Justin

Timberlake’s concert, the Brit Awards, and finally Bieber’s 19th birthday, which didn’t end well. Although the songstress denied the rumors about dating the “I’ll Show You” singer, she is a Belieber fan herself.

Following his birthday celebration, Clarke decided to post a cover of Justin’s “As Long As You Love Me” remixed with Rihanna’s “Diamonds.” If she was denying rumors, this move didn’t help her cause at all. Her cover obviously stirred the rumors even more and Bieber’s fan base were not too fond of the possibility that JB had moved on with another girl.

They began to do what they do best and that was sending out nasty tweets to Clarke. The tweets were nasty that she had to block them on Twitter. Poor Clarke. However, the rumors eventually faded.




Milyn Jensen – Nursing Student

In 2013, Justin Bieber was still dating Selena Gomez, however, someone else came into the picture who is allegedly to blame for their break-up. Milyn Jensen had met Justin through his best friend, Lil Twist, at a nightclub in Los Angeles. According to an interview with The Sun, Jensen admitted how shocked she was when she learned that Justin and Selena had broken off their relationship due to the “one night stand” she and the pop star had that night. She told the publication how Bieber had treated her at McDonalds and eventually took her to his $4.5 million L.A. home. Finally, they went in his custom design 4X4 to the Beverly Hills Four Seasons where the two took their night to a whole other level. “Suddenly we were kissing,” Milyn said. “I started taking my clothes off, it was a natural thing.”

She was a nursing student until all of the media attention occurred and eventually benefited from the occasion, where she starred as a reality TV personality for Bad Girls Club: Miami.

 




 Barbara Palvin – Victoria’s Secret Model

Barbara Palvin has been in the media’s eye as one of Justin Bieber’s girls for a while now. They were first thought to be dating after the Victoria’s Secret Show in November 2012. Palvin eventually had to respond to all the backlash she was getting from the Beliebers after the two posed for a photo together after the show. She tweeted “Hey everyone. please calm down. he is all yours!! :) please :).’ She added: “Last time I’m saying it. please calm down.there is nothing going on w him.i met him and did a pic w him. wouldn’t u do the same?:) #friendship.”

The two were later spotted twice at the 67th Annual Cannes Film Festival. Then they were seen on Robert and Eva Cavalli’s RC yacht in France. Based on some intimate photos, the 20-year-old was seen softly stroking Bieber’s face while he had his hand around her waist, holding her in a romantic way.

The rumors around Palvin and Bieber began around the break-up between him and Selena so there were also allegations that Bieber was using the Victoria’




Chantel Jeffries – Fitspo Model

Chantel Jeffries was that mystery girl who was seen with Justin Bieber when he got arrested for drag racing in his yellow Lamborghini in 2014 in Miami. She was spotted sitting in the passenger’s seat. However, it only seemed like they were close friends or possibly, friends with benefits. Fast-forward to 2015, Bieber was spotted supporting his old rumored fling during a beach photo shoot in Laguna Beach, California. The 21-year-old was seen as the cameraman, really being hands-on with the photo shoot as pics of him shooting the 22-year-old model in a bikini had surfaced. She was there working as a model with the swimwear line, San Lorenzo Bikinis, wearing a light pink, backless one-piece. Even San Lorenzo got in on the fun, posting a photo on their Instagram with the caption, “Sorry @derrenversoza looks like @justinbieber is the photographer on today’s shoot with @chanteljeffries.”

The Miami model has found fame ever since she was spotted with Bieber in 2014. She has made a name for herself in the model




Caitlin Beadles – Best Friend’s Sister

Before Justin Bieber became famous, he was just a regular boy who was exploring. The lucky girl who took his heart for the first time was Justin’s best friend’s older sister, Caitlin Beadles. The two dated for a year from 2007-2008. Although, their relationship took place before Bieber launched his career, both teens were linked to each other again in 2010. By that year, Justin Bieber released his first full-length studio album, My World 2.0 with the lead single, “Baby.” The 21 year-old was on fire then, becoming the most wanted pop star out there, with the support of his fans who went by the name of “Beliebers.” With all the hype going on, there were bound to be rumors everywhere, introducing the Biebs to the world of entertainment. The media quickly jumped to saying that Bieber had gotten back with Beadles, according to some Twitter posts, suggesting the two were on a vacation together in the Bahamas.




Yovanna Ventura – Fitspo Model

Yovanna Ventura was known as the rebound girl of Justin Bieber’s after his last break-up with Selena Gomez. It was only a week after the singers broke up and already, Bieber was seen flirting and getting close to the Selena look-alike. She spent a weekend in Vegas with both the “Boyfriend” singer and Kendall Jenner. In 2014, the pair was seen together often, out and about, including for Justin’s 21st birthday. The 21-year-old singer was also seen getting hands-on with the Latina model in Venice Beach, California while riding in a rickshaw and later seen with his arm around her. Another sighting was when Bieber took her on the beach as he treated her to a soda pop. It was obvious the two had something but how serious was it? It looks like that’s the reason why she is known as his “rebound” girl because they never took it to the next level and they were seen flirting soon after his relationship with Selena Gomez.

Despite her reputation with Justin, Ventura quickly got attention and has become an Instagram fitspo model with her workout videos and photos amassing a big following ever since.




Jasmine V. – Model

Although Justin Bieber was linked to both his ex-girlfriend, Caitlin Beadles, and rumored girl, Jessica Jarrell, there was yet another female that might have caught the singer’s eye. Jasmine Villegas first came onto the scene as that girl in Bieber’s video for “Baby” in 2010.

Villegas later revealed how the two had made out and dated briefly after the video’s release. She couldn’t stop gushing to Tiger Beat magazine about her video co-star.

“He’s just an outgoing person,” she told the magazine. “He’s just so random, but I think everybody would know that.” She continued gushing about the singer and songwriter, almost sounding like his number one fan.

“There’s not much that I would know that people don’t know because Justin is just 100 percent real with his fans and his friends and he gives everybody his full personality,” Villegas said. “So that’s a really good thing about him. He’s not fake at all. He’s just like, ‘I’m Justin. Here’s me.’”

Just recently, news broke out that the 22-year-old songstress is six months pregnant with her long-term boyfriend. It looks like the “That’s Me Right There” singer is so over Bieber and living her own life.Sources: dating.famousfix.com;




Jordan Ozuna – Hooters Waitress

Justin Bieber and Jordan Ozuna were first seen together when they were spotted making out while skydiving in June 2013. After that date, she wasn’t seen much with the “Sorry” singer, which TMZ claims it was because he had dumped her for other girls he was seeing around the same time.

The 22-year-old model and Vegas Hooters’ waitress was then seen again later in February 2014 with the boy toy which was around the time he had split with Selena Gomez. According to TMZ, Ozuna was visiting Bieber in his new Atlanta pad and even spent a few days there with him. She had posted a picture on her Instagram of her in bed, which TMZ claims it was from Justin’s bed. It is pretty clear these two had something, but nothing more than a fling.




Jessica Jarrell – Singer

In 2010, Justin Bieber had taken the world by storm. His international hit, “Baby,” was released featuring Ludacris. It was a big year for Bieber. So it was no surprise that all cameras were on him and captured him canoodling with some mysterious girl. During his My World Tour, he was seen holding hands with singer, Jessica Jarrell. The two were seen on stage hugging, getting really close to each other and couldn’t keep their eyes or hands off each other. Rumors began going around like crazy wondering who this brunette lady was that the pop star was seeing. Belieber nation was sure not a fan of these rumors considering he was hot in his career. The two singers did mention that they were only really good friends, but in 2013, Jarrell showed up at the premiere of Open Road Films’ Justin Bieber’s Believe at Regal Cinemas LA Live. She attended the event in a tight, red-fitted dress. Rumors were never clearly confirmed.

Amazing flutter sleeve wedding dress

Thinking of getting married,you should think flutter sleeve wedding dress. The first thing that comes to ladies mind after engagement is her wedding dress. 



She thinks about it even in her dream. How it look, the design, length. It's true most times ladies get sleepless nights thinking about it. They want no fault on it. We actually want to look dashing, stunning. 


Most of us sometimes dresses like Disney Princesses, it's amazing how it feels on your wedding day. Here's some wedding dresses you would love to check out. There are different types of wedding dresses out there so it's very difficult to choose, we get confused picking a wedding dress for that perfect day. We want everyone talking about us. 



We just want to leave the lucky Man with his mouth wide open gazing at us with surprise because they ve not seen you all dressed that way before.

When it comes to getting engaged, there are very few ways to get it wrong. That is unless you'























ve never gone out with the woman before, then you are going to run into an awkward moment or two, and that will happen no matter how you do it. But if she is like most women on this planet, she has entered into this long term relationship with you with the hope that this would happen to her someday. With you. So now that you are getting close to this moment, you want it to be a moment that will be one she will remember for a lifetime as one of the most important days of her life. There are a number of ways to do it, again, you won't be able to go wrong. But if you show her that you put an incredible amount of thought into it, she will fall in love with you all over again. Here are some tips if you are looking for ways on how to propose to the special woman in your life. 

1. You have to be prepared to go down on one knee. It won't matter if you have the Swiss Alps as your background or not, this is something she will remember, and will swoon over. So put that in your repertoire to start off with. 

2. Be different is the number one idea on how to propose. Doing it on the sky screen at the baseball game is a fun idea, but hard to execute and it is so done. Be different than any way any other way that you have ever heard of. Use wedding forums if you are stuck on ideas. 

3. Now, that being said, think different to HER, not different to you. For example, don't have a huge group of cowboys spell it out for you by horseback at the rodeo if that is what YOU think would be really neat. Think of the things that she loves, and go from there. What really makes her excited? Think of the last chick flick that she made you watch with her. What was the moment that made her grasp her heart and reach for the Kleenex? There's an idea for you right there. Take her favorite scene from her favorite movie, and recreate it. See? You don't even need a script, its already been done. 

4. Make it personal to the both of you. Any guy can rent a limo and take his girlfriend out to an expensive restaurant on that special night. That by the way is not a terrible idea, but if you are looking for creative and over the top way to do it, take it one step further. What about the first restaurant you two ever went to? Tell her you are eating in on the night in questions and hire the chef from that restaurant to come in and recreate the meal that you had together. Hopefully you remember what you had, if you don't, ask her beforehand to tell you what her favorite parts of your first date were. Women love those questions, and she has this burned in her memory, trust me. 

5. Of course you have to have the ring. Whether you are impressing her with a vintage engagement ring or a classic solitaire with huge rock to make her eyes sparkle and a clarity enhanced diamond will always do the work, if you have put the thought into the rest of the night, she will believe she is the luckiest girl in the world. These are just some starting tips to give you the idea. You want this to be personal, creative, and put a lot of thought into it, because to her, that is a reflection of how much you love her. Do you have any more tips? Drop them in the comments and share your proposal stories!

Blac Chyna "I can't Marry Rob Kardashian, He's too Fat"

Rob Kardashian and Blac Chyna didn't join the Christmas festivities at the Kardashian household.

The couple reportedly spent the holidays alone with their one-month-old daughter Dream Renée so they could focus on each other.
The Keeping Up With The Kardashians star and his 28-year-old fiancée have been having a few issues recently. A source said: "It's safe to say Chyna and Rob took some time off to focus on their immediate family.

It's not a bad thing, and they needed a break for themselves, and their daughter. They are back together now and focusing on their relationship. By any measure, Rob Kardashian and Blac Chyna have had their share of troubles over the course of their year-long relationship.

In fact, it often seems they had nothing but troubles. Through it all, however, Rob and Blac never let their frequent arguments and obvious incompatibility interfere with what really matters... ... the profitability of their reality show, Rob & Chyna, which was recently picked up for second season by the family network E! But now, it looks like the long-hyped Rob and Blac wedding special (along with production of the show's second season) is on indefinite hold.

Why? No one's saying concretely, but the principal players finally realizing it would be a terrible idea for them to get married is a factor. At least we're assuming as much. So what finally led Rob and Blac to the same conclusion that the rest of the world reached about five minutes after they first got together?

Was it the creepiness of the fact that a marriage would mean that Rob and his sister Kylie Jenner will likely soon have the same stepson? Did they finally realize that a couple engaged in violent drunken fights on a regular basis probably shouldn't be making any permanent commitments? No, apparently the thin-skinned, emotionally combustible reality stars decided to hold off for an appropriately superficial reason: Blac feels Rob is too fat to be husband material.

In fairness, sources claim the reasoning behind this decision has less to do with the troubled 29-year-old's appearance than his health. In that respect, it's hard to argue against this. As you may recall, Rob was hospitalized following flare ups in his diabetes symptoms, which have wreaked havoc on him over the last month.

It's also been a factor in his depression through the years. The incident apparently prompted to Blac to inform him that their relationship can't proceed unless he starts taking better care of himself. “He will not marry Blac Chyna looking like he does," a source close to the situation tells celebrity gossip staple Radar Online.

Apparently, Rob agrees with his future wife's assessment, and feels he must make his health his top priority at this point: “The hospitalization was just a huge wake-up call and now he knows that he must lose this weight because, if not, he could die."

“He has a lot of pressure on him right now and he usually turns to food to cope with it," the alleged insider continued to explain".

"Everyone in his family just wants him to be happy and he is simply not happy being overweight and unhealthy like he is.” Of course, some of that pressure is a result of the most ill-advised business venture in the history of celebrity side-projects: “Rob knows that if he doesn’t lose weight that his fitness company will tank,” the source says, summing up what's truly at stake.

Yes, his health is in danger, and his relationship is on hold, but Rob wants to lose weight in order to save his fitness company.

THE BRIGHT SIDE OF MAVRODI MONDIAL MONEY BOX (МММ) SCHEME

Nigeria's  Economic and Financial Crimes Commission has confirmed that they are monitoring the scheme. On the 13th of December, it announced the freezing of allmembers' accounts due to systems overload and the negative attention brought on by the Government andmass media, leading to wide spread panic in the Nation and even attempted suicides.

Mavrodi Mondial Money box (МММ) as Joint Stock Company was a Russian company that perpetratedone of the world's largest Ponzi schemes of all time, in the 1990s. The scheme was shut down by Russianpolice in 1994, because people, estimated from 5 to 40 million lost up to $10 billion due to scheme. And itwas   declared   bankruptcy   in   1997.

In   2011,   MMM   re-opened   as   "MMM   Global"   with   up   to   110subsidiaries per country, it became widely popular in various African countries like South Africa, Nigeriaand Zimbabwe. In 2015 MMM began operating in South Africa with the same business model, claiming a “30% permonth” return through a “social financial network”. The group was identified as a possible pyramidscheme by the National Consumer Commission and accounts of clients were later frozen by CapitecBank. In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg and has started up again late November 2016.

On   July   2015,MMM   East   Africa,   launched   subsidiary   “MMM   Global   Zimbabwe” targeting the Zimbabwe population. MMM offered its participants “30% per month” return on all investments. It soonbecame widely popular in Urban areas of Zimbabwe, The Reserve Bank of Zimbabwe warned its citizensto stay clear of the program as it could be a fraudulent scheme. On September 2016, MMM GlobalZimbabwe issued a freeze on all accounts, speculations suggest that this occurred due to a fall in numberof participants.

On 5 September 2016, all MMM accounts were unfrozen, and members were encouragedby MMM to continue “investing” their money, however the MMM unfreeze came with a catch; Memberswould get an 80% loss of their available funds should they decide to withdraw their funds. This madesome participants let their funds remain in the program while others withdrew their funds to suffer an80% loss of  their  money "invested". This affected 66,000  Zimbabweans and caused  some economicinstability.

In November 2015,MMM launched a website targeting the Nigerian audience, also claiming a "30% permonth” return including other acquirable bonuses. The entity was self-described as a “mutual aid fundwhere ordinary people help each other.” And 2.4 million people had signed up by late 2016, with thecountry’s unemployed as primary  targets.

Nigeria's  Economic and Financial Crimes Commission has confirmed that they are monitoring the scheme. On the 13th of December, it announced the freezing of allmembers' accounts due to systems overload and the negative attention brought on by the Government andmass media, leading to wide spread panic in the Nation and even attempted suicides.

At this junction, Nigerians who are mostly participants of the scheme (MMM) has been asking serious questions such as will the scheme continue again in January 2017 as stated by the promoters of MMM. Is MMM what we actually need now in this Nigerian’s economic recession? Will Nigerians still benefit from it if the scheme continues in January 2017? Who will looses or gain money if the scheme turns outto unfreeze or freeze participant’s account.

In Nigeria, widespread and severe poverty is a reality. It is a reality that depicts a lack of food, clothes,education and other basic amenities. Severely poor people lack the most basic necessities of life to adegree that it can be wondered how they manage to survive.

The nature of Nigerian poverty is quite complex. The statistics shows no changes for the better, as the richones get richer, while the poor ones get poorer. Thus, it seems there is no poverty alleviation in Nigeria.According to the World Resources Institute’s environmental resource, about 71 percent of Nigerians liveon less than $1 a day and about 92 percent live on less than $2 a day. The most widespread causes ofPoverty in Nigeria include:

Unemployment: It’s a key factor. The living costs row higher while the standards of life go down. Theremay be various causes of unemployment in Nigeria. The most common one is the lack of education.However, even educated people often cannot find a job. The unemployment rate for the country hasreached 4.9% in 2007 and in 2015 it totals 7.5%.

Corruption: The term denotes an abuse of the power for private purposes. And it happens very often in Nigeria. Thus, the political system has been destabilized. The country income, which is taken mostly fromnatural resource revenues, is then distributed among the political office holders and their families. All therest are left in poverty. It’s a common case, when political leaders just ignore the necessities and well-being of those, who have voted for them.

Absence of the economy diversification: The country’s economy used to be based on the agriculturalsector. However, the oil sector rose to 97% by 1984. Since that time, it’s become the major one (it hasnever fallen below 90%). Any other income sources have been ignored by the authorities, which has made Nigeria very dependable on oil export. Thus, great amount of people has got impoverished, as  theirproducts have become irrelevant. Moreover, Nigeria’s oil revenues reduced after the world’s oil pricecrash in 2014. It also made the external debt increased.

Inequality: The income’s inequality among people from rural and urban areas is high in Nigeria. Thosewho live in the rural areas have their money only from agriculture, which isn’t a thriving sector today.Besides, they cannot invest their money as many people from the cities do.

Education System: Education is necessary for development. Many of the poor ones are uneducated. ManyNigerian girls can’t get educated as they are considered inferior gender.

Under-utilization of labor resources: Plenty of poor farmers aren’t capable of farming on a scale that willmatch their labor resources. Besides, there is dire shortage of working capital. It limits the productivenessof farming in general.

Political instability: Social and political programs are not capable of fighting domestic and international unrest. Investments are being withdrawn, jobs are insecure, the citizens feel economic precipice.

Is MMM   what   we   actually  need now in   this   Nigerian’s   economic   recession?   Nigeria  is  currently experiencing serious economic  recession, with massive job losses from left  to   right. The  country  is experiencing hyper inflation; where inflation and unemployment are increasing simultaneously. The pricesof goods are intimidating, yet there is no money to make purchases.

Companies large, medium, and small are folding leading to job losses in banking and in related industry.The ability of the economy to absorb the mass unemployed graduate is challenged by the, low or noindustry, low skills levels amongst the unemployed, which creates a perfect storm in an economy with askill deficiency in critical sectors. The government has made some good and hazardous economic policiesin  their   quest  to  solve  majority of the   problem faced  in  Nigeria.  The causes  of the   current Nigeria predicament have been attributed to many factors.

Nigeria economies are very bad. The impact of MMM on Nigeria economy is that more funds will be acquired and channeled into productive business thereby making scheme to be a vital resource of capitalfor small and medium scale enterprise. MMM Nigeria can only collapse when people loss confidence onit and people stop joining the scheme.

Will Nigerians still benefit from it if the scheme continues in January 2017? Recent finding reveals thatover  40%   of   NYSC   serving   corps   member   have  joined   the   scheme as  at   November   2015.   50%   ofunemployed graduates who have heard of MMM have also joined the scheme.

The scheme simply bringspeople of same like mind to help each other in solving their financial needs. So once you register in theplatform, you will indicate how much help you can provide to others in financial terms. You will then be matched with another community member who needs help and have provided help before within two tothree weeks. You will be given the person details to pay in the amount you promised to help, afterproviding the  help  you  will   then   be eligible  to  receive help  usually  after 14  working   days. Having provided help to others, you can request for help of 130% of your initial deposit with extra allowance thatyou will gain from it. For instance, if you provide help of 100k, you eligible to receive help of 130k plus $20,  $50, and $100 depending   on   the  amount  you   provide.  MMM   is   not  a   bank;   the   scheme  is   acommunity of people dashing each other money without conditions and no interest charges.

Who will looses or gain money if the scheme turns out to unfreeze or freeze participant’s account? Whatmost people do not understand is that when you deposit your money in the bank, they immediately useyour money in one or more of the following ways: such as allow another depositor to withdraw when theyrequest to do so, give out loans to those seeking loans from the bank, pay workers’ salary including bankmanagers, clerks, marketers, cashiers, tellers, cleaners, security guards, buying of equipment needed forsmooth operations like generator, computer systems, communication gadgets and so on. And sponsorother running costs of the bank.

For the privilege of using our deposits in the above ways, the bank rewards us with 1% or 2% interest (upto 6% if fixed deposit) provided the money stays with them for over a month. For instance, you deposit 100k with your bank and after 2 weeks you return to withdraw the entire 100k. Question is do you think itis your actual 100k they gave you? NO. Your actual deposit has already been used in one or more of the ways mentioned above and the 100k they give you is because of fresh deposits the bank recently received.If you look closely, you will realize that banks can pay more interest than they give, but that meanssacrificing the expensive and running cost of the bank.

However, in MMM the only thing your money is used for is paying another participant due for paymentdirectly, no middleman. There are no salaries to pay, no running costs, nobody collecting loans, no bank executive’s expensive lifestyle to support. So you can see that MMM can conveniently offer 30% rewardsfor your willing and generous donations to fellow participants. Therefore, whether 2% or 30% interest itall comes from the same source: other people’s money.

Conclusion

MMM has proven to be a variable source of income to the poor and average earners in Nigeria as atDecember 2016. The government should look at the bright side of the scheme, instead of planning to banit for their selfish goals. MMM came into the country at when the economic situation in the country israpidly going from bad to worse. Minimum wage is N18,000, fuel price is N145 per litre and the prices ofgoods are going up on a daily basis. Despite criticisms, Nigerians are still putting their hope on thescheme. Nigerians would gladly jump at anything that has the potential to provide an extra source ofincome. Until the entire scheme fizzles away, Nigerians will not give up on MMM. The governmentshould encourage and collaborate with the promoters of the scheme to make it more benefiting for the Nation.