Just a few days after the freezing the accounts of the controversial Ponzi Scheme, Mavrodi Mondial Movement (MMM), another scheme NNN has emerged enticing people with mouth-watering profits.

The new scheme which is similar in scope and operations with MMM, also warns its prospective participants on its website, telling them it is not a bank but simply a platform of helping participants to connect needy people.

The NNN websites reads “NNN is not a bank, NNN does not collect your money, NNN is not an online business, HYIP, investment or MLM programme. NNN is a community where people help each other. NNN gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE.”

To attract people, the scheme is promising returns higher than the MMM, which has now reportedly taken its operations to Ghana and Kenya.

Apart from offering returns as high as 35 per cent in three weeks, it also claims subscribers could earn as much as 50 per cent, claiming that some subscribers were already participating in the scheme and making money.

Though it could be a ploy to attract people into its fold as the MMM did, the scheme posted video clips of some individuals who claimed to have benefited and are still participating in the scheme.

For instance, some participants said in the clips: “I am Kehinde Olajide by name. I joined NNN on 11th November, 2016 and I provided help of N30, 000. Today 2nd December, 2016 I seek help of N45, 000 which was split among two donors. In fact, I was amazed when I saw the alert. God help NNN! NNN shall never crashed (sic).

“Thanks to every participant. I requested for help, less than 24 hours after I was matched and received payment immediately. NNN is the best. I donated N10, 000 less than three weeks I was given N13, 507.”

“My name is Ameh Audu. I donated N30, 000 and was paid N45,000 from three participants, each paid, N2500, N35,500 and N7,500 respectively (sic).

Official reaction to the new scheme is yet to be gotten, however, on Friday, in Kaduna, Mr Umaru Ibrahim of the Nigerian Deposit Insurance Corporation (NDIC) still warned Nigerians to be wary of such money-doubling schemes without official guarantees or indemnity.

According to him, such schemes with no known investment portfolios and platforms could only end in disaster for participants just as the over three million Nigerians who were said to have invested millions of Naira in MMM and whose fate now hangs in the balance.