A new ponzi scheme is making waves in Nigeria following the gradual disappearance of Mavrodi Mondial Moneybox, popularly called MMM which has been embroiled in serious controversy.
The new ponzi scheme that is fast gaining popularity is called Twinkas. The scheme promises would be paticipants a whopping 200 percent return for their money.
That means, if you put N50,000, you make a profit of N50,000 making it N100,000 in total.
According to the site, Twinkas participants do not have to wait till the end of the month to get back their money. Twinkas said when the donation of a member is confirmed, the system will automatically assign 2 other registered people who will also pay the joining amount each into the bank account of the member within 15 days.
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