Showing posts with label mmm. Show all posts
Showing posts with label mmm. Show all posts

Thursday, 15 December 2016

If MMM Crashes Over 3million Nigerians will Lose N18.765billion

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*Guider makes N5billion cool cash
*Many suffer high blood pressure

By Olajide Fashikun, Collins Ajibola, Oluwole Francis and Sandra Onyekwere

As thousands of Nigerian participants and investors continue to groan and moan, some even cursing, over the ‘crash’ of the popular ponzi scheme, otherwise known as MMM, investigations has revealed that one Chuddy Anayo Ugorji, popularly referred to as “The MMM-Nigeria number one Guider,” may have allegedly raked over N5billion within a year from the embattled system.

An analyst says Nigerians (figure yet to be compiled) lost in excess of N8.765billion to the scheme. Many people borrowed loans and some sold their properties to be able to participate in anticipation of funding the Christmas and New Year with the profit margin that was to come with their principal.

American Media Makes Fun Of Nigerians For Still Believing In MMM

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The meteoric rise of one of the world's largest Ponzi schemes in Nigeria

[b]In spite of the government's warnings against it, many Nigerians continue to invest in Mavrodi Mundial Movement (MMM), a Russian company that was responsible for one of the world's largest Ponzi schemes of all time.

On 13 December, the company said it was 'freezing' all confirmed accounts. While many that are opposed to the scheme believe the suspension may be an indication of an imminent collapse, MMM Nigeria assured its members it was only freezing the system for a period of one month.
"The reason for this measure is evident. We need to prevent problems during the New Year season, and then, when everything calms down, this measure will be canceled," the administrator said in a message sent to all members.
In spite of the indication that things may not be in order with MMM, Ifeanyi Okoro and some other members remain confident in the scheme.

FG, Media Caused Payments Freeze –MMM

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By Adetutu Folasade-Koyi and Oluseye Ojo, Ibadan

For Nigerian subscribers of the Mavrodi Mondial Moneybox (MMM), Chuddy, who is a ’top guider,’ took to his blog, yesterday, and called for calm.

On Monday evening, Sergey Mavrodi penned an open letter, with the title, “One-month freezing of confirmed Mavros,” where he informed subscribers of a pay freeze until January 13, 2017.

“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 authorities in the mass media.

MMM: Message From Amaka Who Just Married The Top Guider

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Chiamaka Chuddy Ugorji wedded her husband Chuddy Ugorji in a lavish wedding that went viral on Saturday, November 12, 2016.

MMM froze users' accounts yesterday and she has reached out to participants in an open letter.

Mc Galaxy Cries Out As He Invested 25million In MMM

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The singer was reacting to the news of MMM freezing all accounts for 30 days. He wrote on Instagram,

Wednesday, 14 December 2016

Maryam Shetty Mocks MMM Over Its Closure. PICS

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Just one month after members of the house of representatives warned Nigerians off the Mavrodi Mondial Moneybox (MMM), froze withdrawals, causing panic among “Mavros” members. Members of the scheme were shocked on Tuesday to find a message, instead of their statement of account, informing them of the decision to freeze withdrawal till the new year.

President Muhammadu Buhari's staunch supporter and National Coordinator of the #IStandwithBuhari group, Maryam Shetty, has joined a host of other Nigerians in mocking the "temporary closure" of the Ponzi scheme. See below

About-to-wed man drinks insecticide over alleged crash of MMM in Otukpo

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A soon-to-wed man simply identified as Adakole is currently between life and death after allegedly taking insecticide following the alleged crash of Ponzi scheme, Mavrodi Mondial Moneybox, famously known as MMM.

The incident happened in Otukpo, Benue State, after promoters and participants were thrown into confusion on Tuesday following the news that the ponzi scheme has been frozen.
DAILY POST gathered that Adakole, a native of Ai Okpe in Okpokwu LGA whose wedding is slated for December 28 had earlier invested 300 thousand into the scheme last month and was expecting to get his 30 per cent income before his wedding.

Tuesday, 13 December 2016

Why I Think MMM Is Not A "Helping" Scheme

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"Why does the Federal government want MMM banned? A scheme Nigerians are using to help themselves? The national assembly are just too wicked! They are busy "chopping" our national cake but will not allow this God-sent scheme to see the light of the day. God Pass them" ... and a thousand and one more quotations showing how desperate and ignorant Nigerians could be about ponzi schemes.

EFCC Responds To User Who Called Them Out Over MMM Crash

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Nigerians have taken to Twitter to react to news of the freezing of all MMM Nigeria accounts.
A user @Lolami_Boo took to the platform to call out the EFCC for not preventing the crash.

EFCC immediately responded.

Nigerian Twitter User React To "Crash" Of MMM Nigeria

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Nigerians woke up this morning to the news that accounts of Nigerian MMM users, have been frozen for a month. 

The site in a statement released, said the accounts will be frozen till January. Many have interpreted it to mean the site has crashed.
See twitter reactions to the news after the cut.

MMM Owner Unmasked. (photo)

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A Nigerian, who styled himself as Pastor Ernest Chigozie Mbanefo is the mastermind of the suspected Ponzi scheme known as MMM Nigeria.
According to an online report, Mbanefo is based in South Africa.

Communications Week said Mbanefo registered the site domain on June 7, 2016 about at about 5 pm Nigerian time.
NAN quoting NCW And Pageone report written as far back as September said Mbanefo made a single year domain payment. The domain will expire on June 7, 2017.
It was also revealed that MMM Nigeria is not part of MMM Global – a Russian company that was responsible for one of the world’s largest Ponzi schemes in the 1990s.

What do you want me to do this Christmas? -Noble Igwe cries out after MMM Freezes accounts

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Blogger ,Noble Igwe has cried out after MMM froze accounts this morning. Most Nigerian MMM users have gone into panic mode after the scheme announced they were freezing accounts till January 2017.(read here)

MMM Nigeria: 'I Am Doomed; I Need My Money Back...' Tears, Wailings Trail 'crash

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Tears and wailing on Tuesday as Mavrodians wake up to the glory news of MMM Nigeria, the Ponzi Scheme freezing all money in its system till next year.

This single act, many participants believed may be the end of the Ponzi scheme system which the Central Bank of Nigeria has already cautioned the over 2 million participants to be wary of.

MMM Freezes all Nigerian accounts, Nigeria number 1 guider really explains the meaning

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 *This is from MMM Nigeria Guider 1 Chuddy*

*Hi Mavrodians, As we all must have seen in our PO of the news on Mavro frozen for a month.*

This isn't the first of its kind. It happens when their are excess PANIC in the system

It was placed on Zimbabwe and after the duration it was lifted.

Panic In Nigeria As MMM Freezes All Confirmed Accounts

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Members of the famous money-doubling scheme, Mavrodi Mundial Moneybox, MMM have been thrown into panic and great confusion, Tuesday, following the message from the ponzi scheme freezing all confirmed Mavros, otherwise known as money due for withdrawal for one month.

Tuesday, 6 December 2016

MMM Is Demonic Says Apostle Suleiman, Participants React

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The founder of Omega Fire Ministries International (OFM), Apostle Johnson Suleman, has come under fire from some Nigerians following his declaration the popular money doubling scheme MMM is satanic.

Apostle Suleiman had in a message to his congregation during a church service said MMM is satanic and that those involved in it are demonic.

"Go and check the founder of MMM. He was a fraudster in America; defrauded people, and that's what you're involving yourself in and you are a Christian, looking for easy way out. Many Christians have gotten involved. If you are involved in MMM, I have to pray for you today. It's not of God. Any quick fix way for money is not of God because some people are being defrauded to enrich some other people,” the controversial preacher warned his members.

Thursday, 1 December 2016

“God Will Remove Your Name From Book Of Life If You Do MMM'' - Guy Cries Out

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A Facebook user, Akande Thomas, shared this experience of an MMM participant who claims God rejected his tithe from MMM earnings and clearly told him Christians involved in the scheme have had their names removed from the book of life.

Read post below:

Tuesday, 29 November 2016

Shock As MMM Participant Commits Suicide In Enugu

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A final year student of agricultural engineering at the University of Nigeria, Nsukka, who is also reported to be a participant of the Mavrodi Mondial Movement investment scheme (MMM), has committed suicide.

Premium Times reports the student, identified as Tobechukwu Okeke was found on Sunday morning, November 27, dangling from a rope in his room at Odenigwe, a community in Nsukka, Enugu state.

The deceased was said to have left a note behind where he apologized to his family, according to accounts by a neighbor close to the family.

Wednesday, 16 November 2016

We Are Investigating MMM Ponzi Scheme — EFCC

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The Economic and Financial Crimes Commission, EFCC, has confirmed ongoing surveillance on the MMM investment scheme.

EFCC spokesman, Wilson Uwujaren, gave this indication in an interview with DAILY POST on the sidelines of a training programme in Port Harcourt.

Uwujaren, however, said the House of Representatives cannot direct the EFCC to investigate what he described as faceless wonder bank like MMM.

Thursday, 3 November 2016

MMM has absconded with my N189,000- Nigerian cries out

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A few days ago, CBN issued a warning on online investment scheme tagged: ‘MMM Federal Republic of Nigeria . It warned Nigerians  against investing in the 'scheme' which lures the investing public to participate in what it called “mutual aid financial network,” with a monthly investment return of 30 per cent.
Now, a Nigerian has cried out alleging he has been ripped off ..He wrote in an email I received

It started on the 19th June 2016, My Friend introduced me to this MMM of a thing... I obliged and Joined... It was paying well, there was no comma or full stop, not all.
Till I opened an account for my cousin who shared the same surname... 
Fast Forward,,,
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