Days after it returned to Nigeria, Ponzi scheme, Mavrodi Mondial Movement (MMM) is announcing plans to introduce up to 40 percent interest rate for its members.

Beyase maize mill
The new strategy allegedly aimed at attracting new members and winning the confidence of the already angry participants, many of whom are said to be considering dumping the scheme.

MMM plans 40 percent interest rate for participants
The MMM scheme is believed to be planning a 40 percent interest rate for participants
Before it closed its operations in Nigeria, its interest rate was up to 30 percent. The scheme re-opened on January 13 after one month.

Daily Post quotes a top guider in the scheme as saying that the MMM was troubled that the inflow had dropped rapidly since it came back.

The guider said the top management of the scheme are considering upping the interest rate like it is currently happening in an unnamed African country where it just started operation.

“You know that many wanted to take their money during the Christmas and New year celebrations but could not.

“Some wanted to withdraw to pay rent, school fees and other bills. So now that the accounts have been unfreeze, they are demanding for their money.

“At this moment, we are having more outflow than inflow. In other words, those ready to provide help have dropped by half.

“The economy too is worsening and we understand that it is only when people have, they will give.”

Responding to why many participants who have millions of naira are yet to be paid, he explained thus: “We are processing, but can’t pay them now.


“We need money in the system and that is why the increase in interest is on the cards so some can decide to leave their funds.

READ ALSO: MMM yet to pay participants 72 hours after return

“That said, participants that have between N50,000 and N300,000 or so are being paid on a daily basis, you can do your findings,” the guider said adding that participants would receive information on the recently introduced BitCoin when they log in.

“MMM has observed that many Nigerians really don’t know much about digital currency and to address this, video, audio and text lectures are being uploaded to enlighten participants,” he said.

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Enof of this mmm crap

mmm that ....mmm this.....a tired of it...oda schemes dey nah

I advise my fellow mavrodians not to be panic about any rumors on mmm. the only way to turn participants mind against mmm is to create panic among them and the intending members.
Note that mmm is not an investment company, it is a community of like minded people helping themselves, here we all take responsibility of our attitude in the community. in the situation our mutual trust is being tamper by rumors, that means the trust in the community will be weak and that can lead to crash.
People talking nonsense about mmm do not know a dime about the system and also know that this are the set of wicked ones that are praying for our failure (nairaland is one of them).
What I want us to understand is that mmm has resume and the operation speed is slow on the start with time thing will get to normal. That is the reason they are attending to people with smaller amount first, by this time participants with larger amounts will be encouraged to be patient provided they have seen and heard how people with smaller investment are getting paid gradually. As matter of a week or two people minds of people will be settled and the trust will return to the system therefore people with larger amounts can get help from members that are merged to pay them.
At time let stop giving a fvck about any rumour. All confirmed news is news found in your PO after you have login.
Our comments on mmm as members should be a courage to others and not to increase panic,
Let our others wonder where mavrodians get their impetus and confident.
United we stand divided we fa....
MMM, TOGETHER WE CAN CHANGE THE WORLD.