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BREAKING NEWS: MMM Founder Dies Of Heart Attack

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It could be the “fire” from the prayers of many Nigerians and other Africans that led to the death of Sergey Mavrodi, the founder of MMM, a Russian company that perpetrated one of the world’s largest Ponzi schemes of all time.

According to a report by Moskovsky Komsomolets, the founder of the MMM series of financial pyramid schemes, Mavrodi, died in Moscow at the age of 62.

Report gathered that Mavrodi was taken to a city hospital from a bus stop overnight Monday, March 26, after he felt weakness and pain in the chest area.

“The emergency team has failed to save his life. He died this morning,” the report said. The preliminary cause of death is a heart attack.

Mavrodi has been elected as a lawmaker in 1994, but his immunity was taken away in 1996.

He was convicted in a Russian court of defrauding 10,000 investors out of 110 million rubles ($4.3 million).

Mavrodi claimed he is not the beneficiary of the donations and he is not used to flamboyant lifestyle. His true charges of which he was later convicted of is tax fraud though he claimed that MMM scheme is not a business, but a mutual donation program of which there is no law against such.

MMM stands for Mavrodi Mondial Moneybox. The company got a lot of money from people – it was making about 50 million USD each day. MMM started as a company that imported office equipment.

In January 2017 MMM Nigeria reopened. Also, on February 11th the company announced the lifting of the withdrawal limits on 2017 mavro. Investors were angry because of the delayed, and unfulfilled payments and some people left the scheme. The investors who stayed loyal to the company were given assurance of getting back their money.

But the company stated that in order to get the pre-2017 money, investors should add new money. And the more they add, the higher their chances to get the previous money back. Though MMM came back, it could not regain the trust of the bulk of the investors failed to make huge impact it had when it was first introduced.

About 110 countries suffered from MMM, including various African countries like Kenya, Ghana, Zimbabwe.

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Prince Harry And Meghan Markle Arrive Nigeria Today, May 10th

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The Duke and Duchess of Sussex came into Nigeria for a private visit following an invitation by the Chief of Defence Staff, Gen. Christopher Musa.

The Director of Sports, Defence Headquarters, DHQ, Air Vice Marshal Abidemi Marquis, said the founder of Invictus Games will spend three days in Nigeria and would interact with wounded soldiers and their families.

He said the visit scheduled from 10th to 13th May 2024 would help wounded soldiers in their recovery efforts.

Marquis said: “Because we realised that 80 per cent of our soldiers have been involved in this recovery programme, they are getting better.

“Their outlook on life is positive. You know, when you are engaged in, you experience a permanent disability, you know, issues, it affects your mental health and also your outlook on life.”

Prince Harry and Meghan who are already in Nigeria, First made a visit to children at the Lights Academy in Abuja, Nigeria.

Here are pictures.

Prince Harry and Meghan at Light Academy In abuja

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RIMA Foundation Clocks 20 Years

…as the founder, Dr. Oyedokun clocks 50!

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Dr Ayodeji Oyewole Oyedokun of RIMA Foundation
Dr Ayodeji Oyewole Oyedokun

RIMA Foundation is set to mark two decades of promoting access to information, raising public consciousness on the need for proper management and security of records and information, and encourages the overall development of the information management community for the benefit of humanity and the industry.

Today, virtually all organizations, regardless of size, possess and manage a legacy of records and information, accumulate a rapidly growing store of records/information, and anticipate a future that is mostly, but not entirely, electronic. 

It’s estimated that more than 90% of the records/information being created today are electronic. 

Coupled with the overwhelming growth of electronic messages – most notably e-mail and instant messaging – the management of records/information has become a critical business and social issue. 

How that information is managed has significant business, legal, and technology ramifications. Ultimately, it doesn’t matter what medium is used to create, deliver, or store records/information when determining if content is a record and should be managed accordingly. 

Now, individuals and organizations also produce a vast range of important records/information – such as letters, reports, emails, marketing materials, studies, engineering drawings, handwritten consultation notes, and committee minutes – all of which constitutes an organization’s memory of its processes and procedures, and its knowledgebase of its expertise, experience, and specializations.

For this reason, Records and Information Management Awareness Foundation (RIMA Foundation), was established as a brainchild of Dr Ayodeji Oyewole Oyedokun, the founder / chairman – Board of Directors at The International University of Information Management [IUIM], who is also celebrating his 50th birthday.

RIMA foundation’s drive is to bring together knowledge and create awareness about information management and security to improve the information management/security awareness globally thereby promoting transparency and accountability in both public and private organisations. 

“For many organizations and individuals, records/information will continue to be important for as far ahead as they can see even though they will rely increasingly on knowledge management technology”, Dr. Oyedokun said.

RIMA Awards now International Management Merit [IDMM] Awards 

The Foundation has also set up plans to appreciate the data​ & information management community through the International Management Merit [IDMM] Awards. 

Coincidentally, Dr Ayodeji Oyewole Oyedokun will be marking his 50th birthday – it is a double celebration for him!

Formerly known as the RIMA Awards, this esteemed event celebrates excellence and innovation in Data, Information, Content, Archives, Records, Document Management & Security.

Since its inception in 2005, the RIMA Awards have been the beacon of recognition, highlighting outstanding efforts in promoting proper management and security of records and information. 

As the largest event of its kind in Africa, these awards symbolize excellence and innovation in the IM, IT, and business world.

“By recognizing these efforts, we aim to emphasize the importance of effective records and information management systems, which are crucial for improved decision-making, operational efficiency, and compliance with legal and regulatory requirements”, he said.

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Ekiti Students Caught On Camera Bullying A Fellow Student, Have Been Expelled

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The management of Bamidele Olumilua University of Education, Science and Technology, Ikere-Ekiti (BOUESTI) has expelled two of its students filmed assaulting a female colleague.

A video recently went viral on social media of a student hitting her fellow student with a stick that was handed to her by another student. The bully had kept insinuating that she would draw blood from her victim.

Reacting to the incident, the Public Relations Officer of the institution, Temitope Akinbisoye, in a statement released, said the students caught in the video were summoned on Monday, May 6 and were meted the appropriate punishment for their actions

”In accordance with our institution’s policies and extant regulations, the students who were captured in the viral video appeared before the Students’ Disciplinary Committee at its emergency meeting held on Monday, May 6, 2024, for interrogations and appropriate recommendations, the report of which has been submitted to the University authorities.

The University authorities condemn in strong terms, any form of violence or misconduct in our University or by any of our constituents. Such behaviour is entirely inconsistent with the values we uphold and the standards of respect and dignity that we expect from all members of our University.

Miss Opemiposi Precious BOLAJI with Matriculation No. 10232, a 100L Mass Communication student who was beating her colleague with a stick and threatening to inflict bodily harm on her for allegedly destroying her 3-year old love affair with her boyfriend was found guilty of misconduct and flagrant breach of her matriculation oath and consequently EXPELLED with immediate effect.

Miss Genesis OSARO, a 100L Mass Communication student with Matriculation No. 10257, who provided the stick with which Gloria AJAYI was beaten, was found guilty of misconduct (as an accomplice) and flagrant breach of her Matriculation oath and consequently EXPELLED with immediate effect.

Miss Gloria AJAYI, a 100L Mass Communication student with Matriculation No. 10295, who was seen being beaten in the viral video but did not retaliate or engage in fisticuffs with her tormentors, was EXONERATED.“

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