As if having President Mugabe leading them into a recession is not enough, Zimbabweans are facing another, probably bigger, financial problem.
Thousands of Zimbabweans have lost their investments after the online money scheme, MMM Zimbabwe Global, terminated its services without prior notice to investors.
Apparently, the Reserve Bank of Zimbabwe had earlier warned citizens that MMM was a scam, but Zimbabweans didn’t listen because initial investors had made profit from the scheme.
It’s not surprising Zimbabweans were desperate to join the social financial network; the country’s economy is fast grinding to a halt.
The Zimbabwean Finance Minister, Patrick Chinamasa, and ZANU PF, the leading party, have been widely criticized for their inability to map out strategic economic reform ideas to improve the situation.
And of course, there’s this teeny tiny problem as well.
Ponzi schemes like the MMM only work when new members invest money, which is used to pay off older investors until a point where the schemes don’t attract new investors and crash.
The MMM Nigeria scheme is gaining traction and we heard someone even advised presido to put our money there.
Kingsley*, 28, is an Abuja-based lawyer who’s been in a serious relationship for over a year. How’s he holding down his relationship on his ₦180k monthly salary?
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Nigeria is a shitty place for those who live here, many seek an escape route. But, amid the insecurities, bad economy, and the uncaring government, some things happened this year that make us feel thankful. Yeah, we know, hard to believe right? Yet we need to end the year on a positive note, so here are some […]
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What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
Life is already hard. Deciding where to eat and get the best lifestyle experiences, isn't something you should stress about. Let VRSUS do that for you.
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Here's a rabbit hole of stories to lose yourself in:
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
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