MMM Nigeria returns with new conditions

mmm

Nigeria’s number 1 Ponzi scheme, MMM Nigeria, is back. This is according to a statement issued by the official Twitter account.

“This is to officially inform you that MMM Nigeria is open for business a day earlier than promised! Let’s go there Nigerians,” the post said.

This time around the Russian Ponzi scheme is back with new conditions, which includes encouraging its members to use bitcoin for transactions.

Upon resumption, the scheme says its members will now be able to pay and receive money in bitcoins, the digital currency.

MMM cites bitcoin’s steady growth in value as a reason for participants to adopt the currency.

“In a month, not only 30 percent will be added to your initial amount, but, it can increase itself due to Bitcoin price growth,” MMM’s letter to its participants partly reads.

Last week, MMM promoters issued instructions to its participants whose accounts were frozen, to perform “Promo Tasks: A New Tool for MMM Community Development.”

In the MMM message, subscribers were told to perform tasks, both online and offline, to promote the scheme and drive “traffic and participation” by the time the restriction on the account is lifted.

See a copy of the statement attached.

MMM, which before suspending operation on December 14 had over 3 million participants in the country, made inroads into the Nigerian investment market in 2015.

MMM’s decision to suspend the accounts of its patrons in 2016 threw millions of Nigerians into anguish.

mmm statement


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  • ADEOLA

    I just got alerts of payment on my bank account Mmm rocks wao

    • meaning

      Sorryooo, you are a liar
      they have not started paying….

      • divine

        close ur mouth my friend, is ur type that use to post fake teller/proof of payment. can u imagine!!!

        • i dont know what that means but youre the one with 20 bank accounts and ur the one who uses others ..duh

    • harry

      Really? when did you gh??????

    • The Cavalry

      Probably, it was MTN that sent you Credit Alert, and you mistook it for MMM.

    • he’s not going out. lol

    • ahmed zubair

      People will just lie to get you interested back.

    • Lady Helen

      Are u sure? Pls confide in me. 08066209226

  • jude

    mmm is great, just got alert now, i am going to provide help immediately again, i love mmm mmm rocks.

    • harry

      are you sureeee

  • Haba mallam

    So where is the regulatory agency responsible for regulating such activities in Nigeria? What are they waiting for? A ponzi scheme from Russia operating in Nigeria without any control. Imagine a Nigerian Ponzi scheme in Russia run by aN Igbo man. The Russian don’t allow even Nigerian prostitutes to do business in Moscow but they can run a Ponzi scheme in Nigeria. CBN must take action immediately before Nigerians lost their savings.

    • Ada agada

      Aproko. Wetin concern u?

      • OMG!! It’s him again! Mr ADA!!! AP R OK O! HAHAHHAHAH
        As if his return is different from the last ten years comments!!

      • Apostel

        that the russian reject nigerian prostituts!

    • factfinder

      Is that the story u mom and prostitute sisters told u? Let them stay in Naija and do hock at Allen now.Mumu senseless

      • HAHA2MMMBADBELES

        abi ooh am sure hes an EDO in tribe , they love travelling for Prostitution , maybe her sister was deported from there or even her mama self feet dey hustle for there, bro no let that one make u no join ooh even if them deport ur harlot sis there no means say make we deport them and moreover mmm is not on nigeria Server and them no force anyone , na willing bro , get civilised , 🙂

    • HAHA2MMMBADBELES

      Good Samaritan, your CBN dey scam you all this while you no see am , bro i love this Ponzi die , better join or keep ur analysis to yourself

  • MMM MANAGER

    where are those haters? show yourselves dont hide.

    • Epsilon_Delta

      We are here, tell us about the part that “rich people can wait for their money, only the poor will be paid, since MMM is a social network”.

      • MMM MANAGER

        first of all thank God you recognize yourself as an enemy of Nigerians progress. secondly, it is simple english, they were asked to wait, not that they were asked to forget about their money, delay is not denial! chew on that for now! MMM IS BACK PEOPLE. HATERS GO AND FIND SOMETHING ELSE TO POUR YOUR HATRED ON, LET ME GIVE YOU DIRECTIONS…GO TO ZARFUND PARTICIPANTS..LOL!!!

        • Apostel

          Yes, I think you are absolutely right, do not listen to these fools. Take all your money from the bank, lend you money from your friends, protagonists and acquaintances and buy bitcoins. Good luck bro :–))

        • remi

          Don’t be annoyed bro. Please, go ahead borrow more money from banks, LAPO, cooperative, friends even if you can get your father’s pension entitlements please stake it. Aja ti o sonu ki gbo ife olode. A dog that will stray away will listen to hunter’ witsle.

          • MMM MANAGER

            AND WHAT’S YOUR STRESS? IF I TAKE LOAN FROM ALL THE BANKS IN NIGERIA TO DO MMM HOW DOES THAT AFFECT YOU, SOME PEOPLE WILL JUST CARRY ANOTHER PERSON’S PROB AND PUT IT ON THEIR HEAD!!! #ON TOP MY MATTER#

        • factfinder

          Leave them alone, they are disappointed for seeing MMM resuming as promised! Let the haters go perish!

        • HAHA2MMMBADBELES

          mmm for life , no mind mungreess

    • Psi Ciroma

      LMAO Bitcoins keeh!

      Who owns or regulates Bitcoins …NOBOBY REALLY…

      SO the SCAM is MEGA this Time! Since MMM cant get its hands directly on your Cash they want you to put your FULL CASH in THEIR HANDS!!!! SO any day they reach 100Billion Naira poooof they are gone./

  • secret science

    so where is Jibo and cowith their MMM rethorics? the polical economy of global financial system seem to be beyond what ur thinking.

  • whatever

  • Sgt Soros

    Nigerian’s have been dutifully warned, anyone seeking to get involved in this Ponzi scam deserves to loose their investment.

    • Randolph Ogbodu

      u guys shld bow in shame peacefully. MMM is back now wat more can u guys say. Ask urself, the govt. and people fighting mmm wat have they done to improve the lives of Nigerians?

      • Psi Ciroma

        LMAO Bitcoins keeh!

        Who owns or regulates Bitcoins …NOBOBY REALLY…

        SO the SCAM is MEGA this Time! Since MMM cant get its hands directly on your Cash they want you to put your FULL CASH in THEIR HANDS!!!! SO any day they reach 100Billion Naira poooof they are gone.

        • HAHA2MMMBADBELES

          mugu , read about bitcoin more , bitcoin no be Shawama

    • factfinder

      Wait till then…mumu

      • Sgt Soros

        Again you’ve been warned! Invest in this Ponzi BS scam at your own risk!

    • HAHA2MMMBADBELES

      Sgt Soros ABI WAITING YOU CALL YOURSELF, dont be suprise to hear that your fada has been paying house rent with mmm money, but shame on you all i start getting payment today

      • Sgt Soros

        My father does not want or need your money. This will end in tears for a multitude of gullible, desperate individuals.

        • HAHA2MMMBADBELES

          where scam no dey. bro the food wey you dey eat self na Scam for nigeria ..

          • Sgt Soros

            Here’s a simple factoid: MMM Nigeria na big time scam, true true!

  • westman

    Good. But
    While some are being scammed because of false promise of 1000% return in 20 minutes. We are making cool cash in Ultimate cycler. Our Group is acclaimed the best Ultimate Cycler group in Nigeria. I registered 5days ago and I just got paid 50k today. Ultimate cycler is tested,tried and trusted. Register with our group today and make cool cash. Whatsapp +2348063667191

    • factfinder

      Stop lying here joo

    • Rosemary

      hope u aren’t talking about MMM here cos it doesn’t promise 1000% (as u put it) in 20mins or let’s assume u made a mistake 100%

  • Godwill judgeus

    THOSE WHO HAVE EAR LET THEM HEAR, THERE WILL BE MORE CRY AND WEEP FOR THE MMM PEOPLE, WA YO WA YA YA WA YA YA YO.

    • factfinder

      U are one of the dissapointed? Did u ever believed MMM would come back? Thats y u are crying wolf

      • Godwill judgeus

        let keep finger cross, time will tell

        • MMM MANAGER

          SEE THE PERSON THAT SAID WE ONLY HAVE PRIMARY SCHOOL CERTIFICATE AND WE CANNOT READ…A PRIMARY 2 PUPIL WILL NEVER SPEAK ENGLISH LIKE THIS…”LETS KEEP OUR FINGER CROSS” WELL LET ME SCHOOL YOUR IGNORANT YNASH…IT IS “OUR FINGERS” (PLURAL) AND “CROSSED” NOT CROSS.. DONT WORRY YOU DON’T NEED TO PAY SCHOOL FEES SINCE PEOPLE LIKE YOU WOULD HAVE TO WORK FOR 10 YEARS TO PAY FOR A SESSION. SMH!!! NIGERIANS WAKE UP!!!

          • Godwill judgeus

            I can see how greedy has blindfolded you and your likes, those that are not willing to work for a living but always looking for corners, write it down today and keep it for reference how it MMM will end and the tragic event that will follow.

            If you think that grammar is more important to you than the content, end will justify the means.

    • HAHA2MMMBADBELES

      BAD BELE ,

      • Godwill judgeus

        time will tell

    • MMM MANAGER

      I WISH YOU WHAT YOU WISH THEM….KARMA!!!

      • Godwill judgeus

        Amen, if only am greedy like them and you, if you are educated I think you will have opportunity to read more about how this scam led to the death of over 140 in 2 weeks in Sri Lanka, how they operate in India but shamefully you are with primary school certificate so you can not read and understand, time will tell very soon.

        • MMM MANAGER

          LOL!!! NA WA O! ON TOP MY MATTER!…I DUNNO HONESTLY HOW MMM AFFECTS YOU IF YOU ARE NOT A PARTICIPANT IN THE SCHEME ITS A CHOICE THAT AM SURE NOBODY FORCED YOU TO MAKE SO WHY USE PANADOL ON TOP ANOTHER MAN HEADACHE, EVERYTHING IN THIS LIFE IS A RISK..SOME ARE WILLING TO TAKE THE RISKS YOUR COWARD ASS WOULDN’T TAKE SO GET THE HELL OUTTA THEIR WAY NIGGA!! CHANNEL YOUR GRIEVANCES TO THE NIGERIAN GOVERNMENT.

          • Godwill judgeus

            One can see the effect of being lazy, blaming govt for your situation, soon you will blame your bed for your impotent. (Ole, alapa ma sise.) you better go and register for Buhari 5000 poverty alleviation stipend.

          • Godwill judgeus

            I EXPECT YOU TO COME OUT AND TELL YOUR STORY AGAIN MR MMM MANAGER

  • Coker Kindness

    mmm isactually back its really amazing

  • Psi Ciroma

    LMAO Bitcoins keeh!

    Who owns or regulates Bitcoins …NOBOBY REALLY…

    SO the SCAM is MEGA this Time! Since MMM cant get its hands directly on your Cash they want you to put your FULL CASH in THEIR HANDS!!!! SO any day they reach 100Billion Naira poooof they are gone..

    • factfinder

      That’s your meeting with the MMM owner? Ignorance is smelling on u

      • Psi Ciroma

        MMM owners dare not meet with us bc they will be arrested for the crimes, scams and heartaches they caused all over the world

        • MMM MANAGER

          WOW CLAP FOR YOURSELF…MR EFCC, GO AND ARREST THEM AND SEE HOW THE COUNTRY ‘S ECONOMY GETS BETTER, OR HOW MORE JOBS WILL BE PROVIDED’ OR THE GOVERNMENT WILL PAY FOR YOUR CAR AND GENERATOR FUEL, THE GEN YOU HAVE NOT PUT ON SINCE YOU BOUGHT IT COS YOU DON’T HAVE MONEY TO BUY FUEL…

          • Psi Ciroma

            I you invested 100k in a small farm you would sweat for a few months but SURELY REAP/

            But of course Fools dont want to hear this!

          • MMM MANAGER

            even investing in a small farm has risks, i won’t be surprised if you are ignorant about that, govt can come and say they want to crate road and make road paths through your small farm, or pests an destroy your crops or farm yields, someone can go into your farm and steal your farm yields, so would you say because of these risks that small scale farming is SCAM???

          • Psi Ciroma

            And MMM is guaranteed??

            Young men in 2017 should go for projects under their control. Stop being fearful of REAL SOWING AND REAPING

          • Tope Johnsen

            Invest in poultry farm and all your chicks could die. What they are trying to explain to you is that everything in life is a risk.

    • Rosemary

      have u read about bitcoins/digital currency??? go read about cryptocurrency too. now where does that go to? hey it’s the same policy – no central account. if u don’t like what MMM does then find something worthwhile u can introduce to Nigerians and the FG.

      • Psi Ciroma

        I know you refused to heed Gods warning.
        Crypto currency is only as good as the security of it and the integrity of the lead of that bitcoin scheme. We all know about MMMs history of integrity around the world- it stinks!

      • thusspokez

        Rosemary, It is you again! And as usual, here to sing your usual hallelujah, praise be to MMM verse.

        “The founder of the MMM financial pyramid scheme Sergey Mavrodi scheme stole life savings from more than a million Russians in the early 1990s.”

        Russia
        “Sergey Mavrodi went on the run when the original MMM – standing for Mavrodi Mondial Moneybox –
        collapsed in the late 1990s, losing investors an estimated $100m.”

        “The former Russian politician Mavrodi himself is currently reported to have gone into hiding after a separate entity designed to reward investors with the cryptocurrency bitcoin – dubbed the “Republic of Bitcoin”</u? – folded in April 2016."

        South Africa
        “A criminal investigation has been launched into MMM Global’s branch in South Africa, after a probe by the National Consumer Commission “found something” to suggest the scheme was acting illegally.”

        Zimbabwe
        “Thousands of investors are feared to have lost their money after a pyramid scheme run by a convicted Russian fraudster crashed, somewhat predictably, in Zimbabwe.”

        “A number of South African banks have now started shutting down accounts they believe could be linked to MMM.

        As in Zimbabwe, so in Nigeria
        The Reserve Bank of Zimbabwe had warned that the scheme was fraudulent. RBZ warned members of the public that existing investors were “paid money not from genuine market investment of their funds, but from contributions made by new investors, until a point when the scheme can no longer attract new investors”.

        In Zimbabwe the trusted mobile money transfer company EcoCash has distanced itself from the scheme, saying it is “not liable for any losses arising from the use of EcoCash to engage in illegal activities such as Ponzi scheme

        (2)Despite warning by the Reserve Bank of Zimbabwe, users reported being unable to withdraw any funds earlier in September 2016. One told The Herald newspaper: “When we started putting our funds in the scheme one could get assistance within seven days but things later changed to 14 days and when we were shut out the waiting period was 21 days.

        “What it simply means is that the number of people in need of help has outnumbered the number of people joining. Right now we have nowhere to get our money which we invested.”

        “Despite the cautionary tales of Zimbabwe and South Africa – and indeed the original MMM scheme – a branch is now proving increasingly popular in [mumu] Nigeria.

        “The Central Bank of Nigeria(CBN) has been forced to step in, warning consumers not to deposit money in any institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC).

        “These people always come with very interesting propositions,” Mr Okoroafor said. “These are fraudsters who are just out there to collect people’s money and run away as soon as they hit their target, says .” the CBN’s comms director, Isaac Okoroafor.”

    • MMM MANAGER

      you are so ignorant!!! take your time to read about these things before exposing your ignorant ynash to the world wide web!!!!!!

      • Psi Ciroma

        Bitcoins scams everyday LMAO Nigerians are sooooo gullible and greedy

        • Jeroid

          Before talking kindly read….
          Do you think bitcoin is a scam if so you yourself are

          • Psi Ciroma

            Its all over the internet from different parts of the world. MMM is a scam.

            The only reason why they came back was that is was impossible for them to withdraw Naira so now they want it in bitcoins so they can extract the bitcoins easily and without trace.

      • Psi Ciroma

        Welll 419 has been a Nigerian thing maybe its time for Nigerians to Feel what it is like to be defrauded

        • thusspokez

          Knowingly defrauded!

  • Jephtha

    Please you people said mmm is back but I can’t still get help, why?

  • thusspokez

    This time around the Russian Ponzi scheme is back with new conditions, which includes encouraging its members to use bitcoin for transactions.

    Russian Ponzi scheme + bitcoin = double scam

    Only the mumu mumus would sign up to this double scam. And I suppose only death can prevent such people from signing up. Granted, I would welcome any attempt by the government to pass a law to shot dead any Nigerian who signs up! But the better solution would be to stop MMM from doing business in Nigeria.

    Why is the Nigerian Securities and Exchange Commission (SEC) not baring MMM from demanding transactions in bitcoin?
    But why do Nigerian institutions never work to protect the ignorant and vulnerable Nigeria consumers from exploitation? And if Nigerian consumers are too stµpid then it is the responsibility of the federal government to ban MMM from trading in Nigeria. But nothing seems to be done!

  • Brian Ted

    IF MMM IS BACK WHY AM I NOT ABLE TO GET HELP. WHY IS IT STILL FROZEN?

  • sunny

    Nigerians will never seize to be greedy, once this so called MMM hits their target off they go…

  • Amoke Agba

    what of those who were due for payment as of December before the system went Up? why is it that they have not been paid?