Fresh controversy trails MMM as top guider, wife reportedly flee to Philippines

Photo credit: NAN

Social media is currently awash with reports that top MMM Guider in Nigeria, Chuddy Ugorji, and his wife, Amaka, have fled to the Philippines following the imminent collapse of the Ponzi scheme.

Several Nigerian news sites and social media commentators credit the revelation to a NAN report.

If Mr. Ugorji has indeed fled Nigeria, his move is coming barely 24 hours after he released some stringent conditions for the payment of hundreds of thousands of Nigerian investors.

Meanwhile, the scheme on Wednesday issued new guidelines on its blog. The guidelines include a decision to set limit of withdrawal this week at N31,000 maximum withdrawal. It added that freezing of bonuses is a suggestion that would be tabled before Sergey Mavrodi for his consideration.

Mr. Ugorji had earlier given the impression that the Ponzi scheme had begun paying outstanding mavro (money) to Mavrodians, the participants of the scheme. But, sadly this has yet to become a reality.

Although PREMIUM TIMES could not ascertain the authenticity of his fleeing as at press time, findings on Mr. Ugorji’s Facebook revealed that many participants of the scheme have been left in the dark following the inability to be paid back their monies.

Several messages sent by this correspondent to his Facebook page and those of his wife have been read but not acknowledged.

The MMM guider who is quite active on social media and is fond of immediately addressing allegations levelled against him on Facebook, has kept mum this time.

His last update was posted on January 6 and ever since, he has failed to respond to the heightened fears.

In his last post, which he titled Disclaimer Notice, he denied being behind another fast-rising Ponzi scheme, HELP NAIJA.

“This Disclaimer Notice is an express warning to all participants of MMM NIGERIA that I (Chuddy Urgorji) never launched any community named HELPNAIJA and am not part of any Donation Exchange or Mutual Aid Donation apart from MMM Nigeria, and as such have nothing to do with whoever came up with the idea claiming I launched HELPNAIJA on the 3rd of January 2017 and its as such have no affiliation to MMM NIGERIA, it is an imitation of MMM NIGERIA and not in anyway related.
Please Disregard any information not posted on My Facebook Wall.
Wish you all a prosperous New Year ,God bless you all,” he wrote.

In another related move, his wife has also since deleted all MMM related posts from public view on her Facebook page.

Recall that in December, his wife, Amaka, had earlier calmed frayed nerves in a Facebook message she posted assuring MMM participants of the scheme’s return.

Meanwhile this is not the first time that the MMM star guider will be accused of fleeing to the Philippines.

The allegations first surfaced in December and at that point, Chuddy refuted the claims saying – “MMM founder is a Russian Sergey Mavrodi not a Philippine. I have never been to The Philippines; the stories about going to the Philippines are untrue. I stand for the true ideology of MMM which is anchored on providing and getting help willingly.”

A few weeks ago, another claim resurfaced on Facebook.

“Do you know that Chuddy Ugorji made over N5bn within a year? I heard that he has relocated to Philippine as MMM ask members to provide help before they can get their money. Odikwa risky o!” a Facebook user, Smith Ibe, wrote.

Meanwhile he has yet to respond to the over 70 comments of his MMM members on his Facebook page.

See some of the comments below.

Ab Gana, “I don’t really trust this chuddy. So I may find it hard to believe in him.”

Oluchi Iwuala Isilebo, “Unfortunately Chuddy is like any of us. I don’t think he has any power or say in MMM. It may surprise you.

Stev, “Chudy Ugorji, good morning. Is there any hope on the return of MMM or shall we look elsewhere?

Florenece Adiele, “Thanks nwanne, I deliberately searched for u on Facebook bcos alot of rumours has been spread about u, in fact we heard u said lazy Nigerians bye bye ooooo! Ur going to Philippines…. and all that so I went on Google and looked u up and found out about u. Please keep doing what ur doing, may God deliver u from ndi ayan ufu.

Certified Amosoft Ricies said, “He has fled with wife…hahahahah your broda.”

MMM, which before suspending operation on December 14 had over three 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.

When the Ponzi scheme returned on January 13, it encouraged its members to use bitcoin for transactions.

Nigerian officials have warned against use of bitcoin and also participation in Ponzi schemes like the MMM.


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  • Maria

    Igbo man and fraud, eish!

    • Julius

      lol@eish !..Abeg, I still dey drink my coffee oo.

    • YK

      Lol…two inseparable partners.

  • Adewale

    I think majority of people participating in this Ponzi scheme are Igbos; they are looking for easy money. They will find it o.

  • olat

    Chuddy Ugorji :::::::::::::::::::::::::::::::::> MMM?

  • Amos

    Over 20 people committed suicide in Russia and uptill today those Russians have not gotten the over $100m lost to MMM there. Sergey is an evil and vile and heartless person with the blood and sweat of millions on his hands and head. Soon Almighty Justice will visit him and his promoters.
    …. Image if those 3m people invested just 50,000 naira each that amounts to 150,000,000,000 (150billion naira)!. Who’s going to GH them back?????? haaaah! I bet you the money lost was more than that it could run to a trillion naira, because some had PH in millions!!!!! Ponder on that.

  • Gary

    Nothing controversial here: the couple has skipped town after duping greedy Nigerians of their money using an old Ponzi scheme that people were warned to avoid because officialdom could not outlaw. End of story.

  • thusspokez

    Social media is currently awash with reports that top MMM Guider in Nigeria, Chuddy Ugorji, and his wife, Amaka, have fled to the Philippines following the imminent collapse of the Ponzi scheme.

    I am not sure about this story. But Philippines as a place to seek refuge? Have these people heard about the thousands (and still rising ) number of people — mostly to do with drugs — that the Philippines police has killed since Rodrigo Duterte was elected president of the Philippines?

    President Rodrigo Duterte even brags about his own killing of criminals. Good luck to them and hope that the Philippines police doesn’t find out about their criminal activity in Nigeria. .

    • Gary

      I’m sure they did their research to find an English-speaking nation without an extradition treaty as far away as possible from Nigeria.
      Plus the cost of living is relatively cheaper for them to live off the money they’ve ripped off from their gullible “investors”.

      The Philippines will welcome them with their loot to invest in their country. They’re only killing homegrown criminals and those involved in the narcotics trade. No foreigners have been killed so far.

      • thusspokez

        The Philippines will welcome them with their loot to invest in their country. They’re only killing homegrown criminals and those involved in the narcotics trade. No foreigners have been killed so far.

        That’s ok then! But what happens when in return for the protection, government officials or police officers or both start demanding protection money? Only last year, a South Korean businessman was strangled at the headquarters of the Philippine National Police by officers and in addition, money extorted from the businessman’ family.

        • Gary

          That is not unlikely since that country is one of the most corrupt in the world and the Police extort money from families who depend on remittances sent by Filipinos abroad.
          I hope that happens to this crooked couple as Karma for the theft and harm they caused at home.

    • VERITAS_ the rock of ages_

      You hit the nail on the head right there partner. let them go to the Philippines. They will beg the Naija govt to request their rendition when the time of the law comes.