In spite of the financial loss suffered by millions of Nigerians who participated in the failed Ponzi scheme, Mavrodi Mundial Moneybox, MMM, in 2016, Twinkas, a similar scheme, is making wave among many Nigerians.
Investigation by the News Agency of Nigeria in Abuja showed that a large number of residents of the Federal Capital Territory, Abuja, were willing to take chances with the trending scheme.
Some of the residents, who spoke with NAN on Sunday, attributed their willingness to investment in the scheme to the present economic recession in Nigeria.
According to them, the economic situation has encouraged many Nigerians to participate in money-doubling schemes such as Twinkas, in spite of the possible risks.
The residents said the scheme provides them with 100 per cent interest on their investments.
Valerie Dada, a civil servant, said that she was encouraged to participate in Twinkas, because salaries were delayed sometimes.
“Salaries are sometimes delayed and I have bills to pay, so I decided to take some of my savings and invest in the scheme.
“There are many schemes that arose after MMM, which is suspected to have crashed and these schemes have better packages and interest rates to attract people.
“I am currently participating in Twinkas because it has proven to be reliable so far, with an interest of 100 per cent on all amounts of money invested.
“That is a package I feel is worth the risk, so that I can afford to pay my bills,” she said.
Teju Akindele, an accountant, said; “we know the risks of these programmes and we know how some people became suicidal after MMM failed, but we have all learned from that.
“We know that we have to put in only the money we can afford to lose and not the money we have kept aside for something important.
“It is important for Nigerians who are participating in these programmes or schemes to avoid becoming greed,” she said.
