Everywhere you turn, you feel it, you hear it and you see it. No letter has ever been this objectified that one is able to touch and hold it. Letter M became not just an alphabet or a sign; it became an entity, an object like a stone or a tree that you could actually touch. And when it came in triple, it became more than just an ordinary object, it became an institution millions of souls adored and worshiped. It became a voice that gave command and many would run to answer. It became an authority in the field of man’s daily life.

And suddenly, like a flash of lightening, it has become a mystery that sends panic and fear into one’s spine, a nightmare that sends sleep to the oblivion; it has become the stubborn single strand of hair that thwarts the growth of other hairs on a bald head. When letter M came in triple, it became MMM; once a symbol of hope and prosperity, now an emblem of fear and despair.

What is MMM?

According to its website, MMM is a community of people providing each other financial help on the principle of gratuitousness, reciprocity and benevolence.

In MMM you don’t have to make contracts or pledge your property. In MMM there are no lenders and no debtors. Everything is simple: one participant asks for help — another one helps.

The only thing that MMM demands from its participants is to be honest and kind to each other. You ask for financial help when you need it, you give financial help when you are able to do it.

In simpler terms, MMM redistributes money by collecting money from new participants to give old participants.

For over a year, Nigerians have embraced the scheme with open arms. Why? It seems like a kind of Money Making Machine. You put your money into it and in some days, you get your money back with 30%. Wow! It sounds really good to the ear.

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