When trouble comes, it comes in many ways at the same time. Nigerians are trying to contend with recession, economic and emotional depression, then inflation, to add the already troubled Nigerians woe MMM dropped a bombshell that they will not make any form of payment this Christmas period, suspending all forms of payment to January 2016, this has made sceptics of the scheme say, we warned them . Known as Ponzi scheme globally,it has been stated that this is MMM exit strategy.




“I doubt, because the panic that will set alone will make every old and new participant dread MMM even their current Xmas bonus will not be strong to bring in new customers. I am so screwed”exclaimed Chukzy, an investor.

MMM the new money making in town has broken the hearts of most of its adherents. Called a Ponzi scheme, condemned by the Nigerian Government and banned in many other countries such as Russian (Were the owner comes from ) to China and even Zimbabwe! Lately, Nigerians have been crying when the scheme made the people that were expecting payment that they will not be able t meet up with their own obligation of payment!

Coming at this time when Nigerians need the money for Eid, Christmas and New year celebration, the MMM struck. Apart from the recession and depression that the Nigerian economy is suffering,this has made many Nigerians (about 3 million) to key into the pyramid marketing scheme, which some people call Ponzi scheme. Gullibility and low investment ,financial literacy helped the MMM scheme find a fertile ground to germinate. Most Nigerians, wanted an easy way out of impending poverty and MMM provided the leeway.

Greed, gullibility and laziness have made many Nigerians throw caution to the winds ad invest their savings. Tempting with a 30% interest rate for any investment within a month! Nigerians couldn’t resist this mouth watering offer, to cap it all, the scheme converted the downliners to the marketers.

MMM-Nigeria.net is the site and upon our investigation, it is said in some quarters that it is not affiliated with MMM Europe or anywhere!



Nigerians have been warned of the fraudulent nature of the scheme and how it crashed in other countries, but, as the proverbial fly that refused to heed to advice,Nigerians jumped into MMM with such a frenzy . Foly Kaze , An online commenter and a watcher of the scheme, has this to say

“No one is asking them not to pause Mavro GH , but they should have come clean. I saw it on their twitter that there would be Give Help(GH) pause during the Christmas and new year period. Fee days ago, the admin announced that there won’t be any pause and encourage members to participate. They enticed people with 20usd bonus. And now the story has changed.The media are going to hijack everything. I believe they are very intelligent and know what will come their way. So they choose the media and Nigerians to do the killing by themselves. We will not blame them. People will point accusing finger to the media and government while they run away” he opined.



“Do you guys think that after this pause, more people are gonna put money in the MMM scheme? FYI, if it is ever unfrozen in January, withdrawals are going to be more than deposits and that is when the system collapses. All those commenting online now are desperately looking for how to pull their funds out.MMM is dead, the burial is in January,” said M.C Jay, an

In another view, some people are optimistic that by January that the scheme will come back and trust optimism, it gives hope. An investor in the scheme, who choose not to be mentioned said”MMM has just made the best decision. I advised one of the guiders to suggest MMM should be on standby from 10th of December. Like they read my mind. Very Good!!! Before we crash this thing with our Christmas mentality.”



According to the MMM twitter page, they encouraged Nigerians to continue investing(PH ) in their scheme. But on a closer investigation, there is no physical address of the scheme in Nigeria and where their operational base is can’t be ascertained.

According to online sources, Wikipedia states that, МММ was a Russian company that perpetrated one of the world’s largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders


https://etimesafrica./2016/12/13/mmm-gives-nigerians-help-for-a-gloomy-christmas/#more-3423

MMM is NOT an INVESTMENT, use ONLY your SPARE money. You MAY LOSE money. It pays to read the fine prints.
FTC, btw

The Main problem with MMM is the fake POP upload.Support should find a solution to this menace.