Panic has spread among Nigerians participating in the online money lending scheme, MMM, as the scheme has placed a ban on all activated accounts for a period of one month.
The latest development by the ‘Wonder Bank’ scheme comes days after the founder of what has been described as a Ponzi scheme, Sergey Mavrodi, wrote an official letter addressed to the Nigerian Government clearing the scheme of its misgivings.
Recall that the Federal Government through the Central Bank of Nigeria, CBN, had earlier warned Nigerians to desist from participating in the scheme.
The notice stating the latest development issued by the scheme via its website titled “One-Month Freezing of Confirmed Mavros” reads:
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

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It is well

Wahala don bouse'.....oh hahahahahahaha mavrodians sorry ehmm bear it with them

My Friend after reading this News wanted to commit Suicide. Do you know why?! He sold his Car and put all the Cash on the Scheme..... can't believe he won't get a penny till - perhaps - February next Year!

Karma at large

No matter how you try hard to put down the system that has really helped the average Nigerians financially, you will not succeed. Mind you, I still got paid yesterday. If you don't have any sensible post to share rather than this misleading information, you have two options: it's either you join mmm or you let it be

A good idea

It is to prevent mass withdrawal during this festive period which can collapse the system