The return of MMM in Nigeria, beware of Dogs
Over a year after the popular Ponzi scheme, Mavrodi Mundial Moneybox (MMM)crashed in Nigeria dashing the hope of over three million Nigerians, the scheme is back
MMM in Nigeria – The scheme is now labelled MMM cooperation and it promises up to 50 percent return on any amount invested in it. This is 20 percent more than what the previous version offered.
Like the previous version, MMM in Nigeria participants are to register, invest a particular amount in the form of “providing help” and “get help” with their investments and interest back after 30 days.
On its site, the administration wrote ;
“In honour of our beloved founder, Sergey Mavrodi of blessed memory; we awoke his legacy by starting the operation of MMM Cooperation on Jan 22nd,2019.
“This is after 5 months thorough examination of the old system in order to make his legacy worthwhile. Like sunrise in the morning, MMM Cooperation set the pace on the 22nd of January 2019 all over the world.
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From negligence by many to fear of unknown by prospective participants at the beginning; we were prospective participants at the beginning; we are today being most populous platform all over the world with 6 MILLION participants all in space of 4 months”
One of the coordinators of the scheme, the twitter handle @teeguider announced the arrival of the scheme and gave a link for a WhatsApp group for interested persons
After what happened earlier with the same MMM and even with the slow and predicted death of the new Loom Ponzi, one will think Nigerians have learned but they are still falling for it.
Once bitten should be twice shy, MMM in Nigeria had never been the least sustainable and will never be in its entirety.
Raphael Orji is a Digital Marketing Expert, Seasoned and Dynamic Freelancer, with interest in Banking, Personal finance, Entrepreneurial development. A Councillor and Motivational Speaker.
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