1. MMM - This is probably the king of the money spinning / mutual financing or ponzi scheme in Nigeria, apparently they've been around for about 1 year now but they recently made headlines yesterday when they apparently "froze" the accounts of participants from "GETTING HELP" even after their donations have been confirmed. Which many say is just the beginning of an end to the scheme, that has raised so much dust in Nigeria, both those that are for it and those that are against it.
2. Giversforum- A lot of people will call them "MMM copy paste" as they are similar to MMM but this time offering more mouth watering % on donations to members, their website had some issues for over a week and there was panic among participants, but it seems everything is now back to normal.
3. iCharity - I don't know much about this scheme personally but participants claim you need to bring about 5 people to donate (X) amount of money after which you'll be paid what you donated multiplied by 5 (*5).
4. Ultimate Cycler - This one nearly broke the internet as their site immediately gained exponential traffic in recent time as the scheme gained popularity in Nigeria they are now ranked No. 8 most visited in Nigeria ahead of Facebook, actually it should be 3rd on this list but at the moment the site isn't fully functional so we had to downgrade them a bit.
5. Crowdrising - They are just like other schemes claiming to be a member to member donation scheme. .
Disclaimer warning: thenaijalisting.blogspot.com does not recommed any of these schemes as this is just for information purpose.
There are other schemes I deliberately left out especially the normal MLM (Multiple Level Marketing schemes).
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