Super Eagles 3-1 win over Algeria in the World Cup qualifying match has sparked an “MMM” trend on twitter with over 6,000 tweets as at the time of this report. MMM was derived from the names of the Nigerian goal scorers in the qualifier, Moses Mikel Moses (MMM) However, the trend has gone beyond the football match to celebrate an online platform: Mavrodi Mundial Movement (MMM) which is gaining wide popularity among Nigerians. The platform is said to yield 30% of donations made after 30 days and many Nigerians have embraced it in the wake of the economic recession and in the quest for financial freedom. However, the platform has been classified by the CBN and SEC as a ponzi scheme that Nigerians should be wary of while the House of Representatives had ordered its investigation. The trends following the football match however suggest that the call by the financial regulators as well as the lawmakers may have fallen on deaf ears.
Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.