MMM asks investors to start new investments

Investors in Mavrodi Mondial Movement (MMM) Ponzi scheme who are still on their heels waiting for new update on their investments would just have to move ahead with their lives and forget about the scheme. This is coming from me as the management of scheme has urged them push aside their previous investment and start another one.

The MMM has issued out a statement entitled: ‘МММ Nigeria is coming back to normal’, requesting the investors to forget their 2016 investments and initiate a new investment.

This indirectly means a devastating blow to the excitement that overwhelmed the participants’ heart they witnessed the reviver of the scheme in January 2017.

Recall that the Nigerian government had never ceased to cautioned citizens against the scheme.

The released statement reads:

“Dear members, MMM Nigeria lifts all the limits for Mavro acquired in 2017. So, MMM Nigeria is coming back to normal.

“And now the members can actively develop the community and create new requests to provide help. For these requests, orders will soon arrive, and after Mavro’s confirmation, it will be possible to withdraw these Mavro without any restrictions or limits!

“Only Mavros acquired in 2016 remain under restriction. But we are actively working on new measures to make it possible for the members to withdraw Mavro-2016 in a larger amount without undermining the sustainability of the community.”

So many students who put in their school fees into the scheme with the hope of making 30% profit have been left stranded.

Some new Ponzi schemes have emerged following MMM slumber and many may still come up. Examples of those schemes includes, Alwayspays, GetHelpWorldwide, Donation-Hub, 247Helpers, Naira propellers, etcetera.

According Naij.com, One Harrison Okojie, has been allegedly quoted as saying: “Make I tell you, na my mind I take dey carry this MMM matter. If I think about it, it will do me lot of damage.

“I can bear the loss of my money but my headache is the lady I borrowed N100, 000 from; the amount belongs to her sister.

“This is my major headache now. If I can get something out of the scheme, I will use it to buy time from her first.”

Another person quoted is Mr Clifford Onyechachi who is the managing director of Kenkenson Oil & Gas Limited and treasurer of NUPENG, Apapa, Lagos, said his N1.8 million was stuck in MMM and have about N2.3 million in three other Ponzi schemes.

He said, “Honestly, all my money is trapped in MMM and other schemes. It’s my money but it has affected my business badly because what I have is limited to my transactions.

"I still do small ones, trying to see how much I can get back. I invested N800, 000 for my wife and N1million for myself in MMM. I have over N2.3million in three other schemes. Those ones are on recession too."