MMM launchs in Kenya and Ghana, another ponzi scheme NNN opens in Nigeria

Mavrodi Mondial Moneybox (MMM) has replicated its service in Kenya and Ghana. The scheme which is highly popular in Nigeria surfaced in Nigeria’s neighbor approximately 48 hours after its activities in Nigeria was suspended for a month. Wife of Chuddy Ugorji, a leading MMM Nigeria promoter, wrote an open letter to participants, seeking to calm frayed nerves. Some Nigerians however see the launch in other countries merely few hours after the freeze in Nigeria as a problem.   Meanwhile, it seems Nigeria is a ripe ground for ponzi schemes as a new scheme NNN has been launched. It operates similar to the frozen scheme with an offer of 35% return on investment

TRENDING- PANIC AS MMM FREEZES ACCOUNTS IN NIGERIA FOR ONE MONTH

Nigerians involved in the Ponzi Scheme, Mavrodi Mondial Moneybox (MMM) have been thrown into confusion as the alleged Ponzi scheme has frozen accounts of its participants in Nigeria for one month. This will last from December 12 to January 12. During that period, none of the participants who are due to get help will be able to. They will be unable to get their 'Mavro' ie withdraw funds deposited with the mandatory 30% interest. 

People have taken to social media to talk about this development, some laughing at partticipants

According to the operators of the scheme in a message sent to all subscribers, the measure was put in place due to the heavy workload being experienced by the system in the New Year. 

This comes after the MMM founder reportedly wrote an open letter to the FG. It may be too early for doubters to say 'I told you so' but it definitely should serve as a caution to new participants