MMM Ponzi Scheme In Comeback Bid, Woos Investors With ‘Promo-Task Contest’

http://ift.tt/2v4ZBBw LAGOS AUGUST 4TH (NEWSRANGERS)-The money making scam, Mavrodi Mundial Moneybox (MMM), that collapsed months ago has launched a weekly promotional stunt, obviously aimed at wooing old and unsuspecting new ‘investors’. A letter displayed on the pages of participants of the scheme, urges them to invite new members. Members must invite new participants and register…

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Kokori, Odumakin, Others React To Babagida Twitter Comment on Job Creation

http://ift.tt/2wr55Gc Ibrahim Babagida LAGOS AUGUST 4TH (NEWSRANGERS)-Former military dictator, Gen. Ibrahim Babangida has come under attack over his twitter comment on job creation. The former Head of State, who ruled for eight years from 1985 to 1993, in his twitter handle, @General_Ibbro, said: “The work of Nigeria is not complete, until every unemployed graduate gets…

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40 People Arraign For Practicing Homosexual Activities In Lagos Hotel

http://ift.tt/2u6usw9 LAGOS AUGUST 4TH (NEWSRANGERS)-The Lagos State government yesterday arraigned 28 adults and 12 minors before a Lagos Magistrate Court for allegedly engaging in homosexuality contrary to the laws of the land. The minors were arraigned before an Ebute-Metta Magistrate Court, while the adults were arraigned before a Yaba Magistrate Court. The defendants, who are…

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Abuja CP Dimisses Three Policemen For Burgling Jonathan’s House

http://ift.tt/2htcHVY LAGOS AUGUST 4TH (NEWSRANGERS)-The Federal Capital Territory Police Command dismissed the officers after they were found culpable in stealing items belonging to the former president such as, six television sets, fridges, air-conditioners, Ijaw attires and designer suits. The men burgled Jonathan’s former residence in Gwarimpa and sold the items they stole to traders at…

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Nigeria Moves Closer To Single Naira Rate

http://ift.tt/2vnucg9 LAGOS AUUST 4H (NEWRANGERS)-Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate. The naira weakened on the interbank market. FMDQ OTC Securities Exchange, the Lagos-based platform that oversees interbank trading, asked lenders this week…

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