In what would be seen as early Christmas present, participants of MMM Nigeria have been lamenting on all social media about their trapped funds.

MMM Nigeria on Monday night, December 12th blocked, suspended all accounts of members of the Ponzi Scheme until January 2017.

In the past months, Federal Government and Central Bank Of Nigeria (CBN) warned participants of the Ponzi Scheme of a possible crash. The CBN even called MMM a 'Wonder Bank'

In May 2016, MMM South Africa participants accounts were frozen and till date, the accounts are NOT yet back.

About 3 million Nigerians are reported joined MMM.

The main reason for the suspension on MMM website reads;

One-Month Freezing of Confirmed Mavros

Dear members!

As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.)

Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.

The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))

We hope for your understanding,
Administration

Source: http://www.naijahelm.com/2016/12/opinion-christmas-came-too-early-for.html?m=1