For instance, the number of Nigerians that now patronize the popular lottery games is on the increase. Some youths are also deeply involved in sport betting through such platforms as Nairabet, Merrybet, and Bet9ja, among others.
It is against this backdrop that the MMM Federal Republic of Nigeria made a grand entrance into the Nigerian investment market in 2016. MMM stands for Mavrodi Mondial Moneybox and takes its name from its founders, Sergei Panteleevich Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova.
The outfit was established in 1989 by these three Russian nationals and promises its clients 30 percent return on investment (ROI) for money put into the system for 30 days.