Contrary to media reports making the rounds that a certain Pst. Ernest Mbanefo owns MMM Nigeria, the suspicious investment scheme does not belong to the South African based Mbanefo, Concise News gathers.

Mbanefo, in a telephone interview monitored in Lagos, Nigeria, told Concise News that he does not own MMM Nigeria.

He expressed his disappointment with the Nigerian media outlets that re-published the 3-month old PageOne report that he owns MMM-Nigeria for not verifying with him despite the fact that his contact details are readily available on the internet.

“I do not own MMM Nigeria. The original website of MMM Nigeria is nigeria.. I’ll I’ve done is to use my knowledge of web designing to launch mmm-nigeria.net,” Mbanefo told Concise News.

In an online video uploaded on July 21st on worldwide.chat platform, Mbanefo had said that he’s a 1995 graduate of MMM Guider’s school in Africa.

The Okigwe-schooled preacher further told Concise News that he uses his mmm-nigeria.net website to give tutorials on MMM and thereafter direct interested parties to register on the official nigeria. website.

He said he gets referral fees for his services.

Mbanefo, who presides over Justified Youth & Singles Ministry, South Africa, describes himself as a super affiliate of MMM. He says people refer to him as super guider because of his activities in the MMM program.

Affiliation with Mavrodi

Asked what his affiliation with the Russian politician and brain behind MMM Global, Sergei Mavrodi, is, Mbanefo told Concise News that he has never met Mavrodi before.

“I have never met Sergei Mavrodi before. Mavrodi does not even know about my activities in the MMM program,” Mbanefo told Concise News.

“I’m not recognised by Mavrodi, I am only a smart participant,” he added.

You will recall that Nigerian lawmakers had recently ordered a clampdown on participants and operators of the unregulated investment scheme in Nigeria.

The program, which many have described as Ponzi scheme, continues to grow despite repeated warnings from constituted authorities, with over 1.6million Nigerians allegedly participating in the program as at November.