MMM calls for mass publicity ahead of expected January 13 resumption

mmm

Popular money-doubling scheme, MMM, has called on its participants whose accounts were frozen to begin online publicity for the scheme ahead of its resumption date.

The scheme which has over 3 million Nigerians in its books placed a one-month ban on all withdrawals on December 13, 2016.

The development, which occurred a day after the Founder, Sergey Mavrod, said MMM had done a lot to improve the welfare of Nigerians, sparked fears among many Nigerians that the Ponzi scheme had crashed.

A letter displayed on the page of the scheme cited “heavy workload on system” as the reason for the suspension.

With the ban on the accounts, members of the scheme who were due to withdraw both their capital and 30 per cent return on investment were told they would not be able to do so until January 13.

As the resumption date is only a few days ahead, the scheme has asked its participants, whose accounts were frozen, to perform “Promo Tasks: A New Tool for MMM Community Development.”

MMM in a message to subscribers said the tasks, which should be done both online and offline, is expected to promote the scheme and drive “traffic and participation” by the time the handlers lift the freeze on January 13, 2017.

“Being an MMM member implies not only opportunities, but also a responsibility for the state and development of the MMM Community”, the message read.

In the message, the scheme also said that members who performed these tasks will be rewarded.

Nigerian agencies like the anti-graft EFCC and the Central Bank have warned Nigerians against MMM and other Ponzi schemes, saying they were fraudulent.

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  • westman

    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

    • TC

      You are a scam too….. just different products. Stop the deceit

  • Governor

    Mmm is not ultimate cycler and it will never be.
    Mmm is a real business of a community of people helping their members.

  • Galantman

    I dey laugh!!! “Members who performed those task will be rewarded” with funds from foolhardy desperate Nigerians indeed. We have talked enough on this scam by the Russian convicted criminal. Those who have ears should listen, as for those who are bent for self inflicted injury, we wish you good speed so that the crashing will be so painful and spectacular

    • ADEOLA

      I dey laugh you

  • Fred Duke

    I now have no doubt that some employees of Premium Times had “invested” heavily on this scheme. The writer of this article and even the past ones is usually carrying out marketing expeditions for MMM. Does this sound like news to PT? Is this not publicity to their members? Na wa o.

    • ADEOLA

      So what is your pain

      • Fred Duke

        Enough of this mmm bull…

        • ny

          be thinking like spoon there

        • ADEOLA

          Then if we say it’s not enough what will you do? Bark like a wild dog that bark even when he sees no one? People that shout and cry more about mmm are fellows like that fear could let y9u participate and jealousy and envy in the other hand is dealing seriously with you thus you can’t stand people make awof money if you think it’s easy join the community and get a better knowledge of what it’s all about and not the lies the media and your poor subconscious mind tells you.

          • Fred Duke

            Hahahahahaha… Cry cry chicken. I no send u mek u go thowway money o. I no send u greed o. Abeg park well o. I will laugh at your awouf arze. Hahahahahaha hehehehehe wawawawawawa…. U know what? Someone who has owed me 200k (a relative somehow) told me that he’ll pay me back 2nd week of December and I was so happy for him. But on the 14th, he told me it would be in 3rd week of January 2017. Later on, someone told he did MMM and was hoping to make money. And I screamed. If in the 3rd week he tells me any bull…., I’ll counsel him before he commits sui cide. Same goes for u … Try and locate a counsellor near you.

            But u sef, think abt this thing…where will they get the money to pay when you sent your money to one lucky chap? There’s no bank account, no office, no business. You helped someone. Period. If someone is not able to help you back, why do u disturb us with MMM news? I beg u, park well o. No be me say mek u dash person money. Kwa kwa kwa kwa kwa kwa kwa kwa kwa kekekekekekekeke hahahahahaha have hehehehehehe…you’re on ur own.

  • ADEOLA

    Mmm community is the best thing that happened to poor Nigerians in 2016 financially

  • The Optimist

    MMM membership of 3 million tells the population of GREEDY fellows in the country. They have not had enough of the BAIT?

  • dami

    Hahahahahahaha…they want to collect more money to pay the outstanding…this comedy show is too funny. The same Nigerians complaining of recession have money to throw away on a Ponzi scheme…anyway rumour has it that fuel price is going up…that means we won’t see any protests cos we all have MMM cash!!