By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: How I Lost N750,000 to MMM Crash – Man Who Drank Insecticide Finally Opens Up
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Entertainment

How I Lost N750,000 to MMM Crash – Man Who Drank Insecticide Finally Opens Up

Gbolahan Adeyemi
By Gbolahan Adeyemi
Published: September 25, 2019
Share
4 Min Read
SHARE

A man who almost got himself killed after MMM Nigeria in which he had invested heavily, suspended its members’ accounts, has spoken out about what really happened.


MMM


A young identified as Adakole, an intending groom who drank insecticide over the “crash” of ponzi scheme, MMM, has opened up on his ordeal.

It will be recalled that reports went wild recently that Adakole, a native of Ai Okpe in Okpokwu LGA of Benue State whose wedding is slated for December 28 had invested N300 thousand into the scheme last month and was expecting to get his 30 per cent income before his wedding.

Kole, as he is fondly called, attempted to take his life in Otukpo, Benue State by drinking insecticide, last Tuesday following the news that the ponzi scheme had crashed.

- Advertisement -

Speaking on his ordeal on a radio programme, Weathering the Storm with Naomi De Diva on 92.1 Vision FM Abuja and monitored by Daily Post on Tuesday, the young man said contrary to the report, he invested N750,000 in the scheme against the N350,000 that was widely reported.

Adakole, who opened up on his predicament during the phone-in programme admitted that he had earlier made profits from the scheme.

He said amid sobs, “I came to Abuja here few months back in preparation for my wedding and my friend introduced me to the MMM thing. He told me about the benefit involved, though I was a bit hesitant about it but he succeeded in convincing me to register under him.

“To be honest, I initially invested 20k into the scheme and I got 30 per cent the following month. The following month, I rendered help of N50k and I still got 30 per cent commission and my full investment back.

- Advertisement -

“This time, I believed it was real and I decided to increase the money. Before then, my fiancée had warned me against it. So I went to my cooperative to obtain a loan and they gladly gave thinking it was for my wedding. I put in N750k last month, hopping than it would yield 30 per cent income this month only to wake up one morning to discover that my account has been suspended.

“To be sincere, the best option I had then was to take my life, because I had thought of how I am going to face my woman. I didn’t even know when I took the insecticide. It was my guy, Fred who rescued me. My wedding is around the corner, I have been saving the money ahead of the wedding only to end up that way.

“As we speak, I have not set my eyes on my woman. I put off my phone since then because the shame is much. My wedding is 8 days from now and I am confused. I just returned from the hospital. I don’t know what to do.”

Meanwhile, many callers, who phoned in during the programme scolded the young man for attempting to take his life because of money.

Others advised him to get loan from bank for the wedding, while some asked him to put his wedding on hold till January when the scheme might have returned.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:MMM
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByGbolahan Adeyemi
Entertainment News writer
Follow:
Gbolahan Adeyemi is a writer for Okay Nigeria. A budding individual with the strive to share and inform the masses with contents relating to their beliefs, lifestyle and all about the entertainment.
Previous Article I’m Under Pressure to Contest for Presidency in 2019 – Goodluck Jonathan Reveals
Next Article Violence Erupt, Houses Burnt After Man is Stabbed to Death by Military Recruit Over N50 Loaf of Bread

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 5 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?