MMM which stands for Mavrodi Mondial Moneybox used to be the most popular scheme in Nigeria until in December 2014 when it froze the account of participants. It resumed operations on January 13, but it as good as dead because participants have not been able to get their money back. Many have also lost confidence in the scheme and are now running to other Ponzi schemes.
Twinkas is fast taking over. Presently, there are four categories where you have to donate the sum of either N5000, N10000, N20000 or N50000 and any amount invested in each of the categories would attract double the amount after one month maturity.
Information on its website says it was founded by a team of enthusiastic humanitarian specialists who wanted to overcome the routine and create a platform that would act in the market not only for business success but for the sake of humanitarian and financial empowerment services.
How popular is Twinkas?
Relative to other sites, Twinkas is ranked number 9 in Nigeria. According to Alexa ranking, it is ranked number 4,172 in the world.Twinkas.com receives about 106,500 unique visitors and 452,625 (4.25 per visitor) page views per day.
Just like every other Ponzi scheme, Twinkas has no product or service that it provides other than giving participants unreasonable amount of returns which activates the greed in its members.
