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Panic In Nigeria As MMM Suspends Operation, Freezes Accounts

Promoters and participants of Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria, are currently in panic as the ponzi scheme has been frozen. All confirmed accounts, as at early hours of Monday, were frozen. Mavro is the conventi...

SHOCKER: Why MMM Subcriber Commits Suicide In Enugu

A final year student of Agricultural Engineering at the University of Nigeria, Nsukka (UNN), who is also reported to be a participant of the Mavrodi Mondial Movement investment scheme (MMM), has committed suicide. According to an online medium...


Showing posts with label MMM. Show all posts
Showing posts with label MMM. Show all posts

Panic In Nigeria As MMM Suspends Operation, Freezes Accounts

Panic In Nigeria As MMM Suspends Operation, Freezes Accounts
Promoters and participants of Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria, are currently in panic as the ponzi scheme has been frozen.

All confirmed accounts, as at early hours of Monday, were frozen.

Mavro is the conventional unit for measurement of help provided to other participants in MMM.

With all confirmed Mavros frozen, all users who have provided help and awaiting to get help in few days can’t do so until the ban is off.


A circular sent out to all users yesterday said all money has been frozen for a month.

The circular urged all participants to be calm, saying it was to help prevent any problems during the New Year season.

The circular read: “Dear members!

“As usual, in the New Year season the System is experiencing heavy workload.

“Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media.

“The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. It is better to avoid taking risk. (Moreover, there are almost three weeks left to the New Year.)

“Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.

“The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do).

“We hope for your understanding!

“Administration.”

Daily Post

SHOCKER: Why MMM Subcriber Commits Suicide In Enugu

SHOCKER: Why MMM Subcriber Commits Suicide In Enugu
A final year student of Agricultural Engineering at the University of Nigeria, Nsukka (UNN), who is also reported to be a participant of the Mavrodi Mondial Movement investment scheme (MMM), has committed suicide.

According to an online medium, Premium Times, the student, identified as Tobechukwu Okeke, was found on Sunday morning, dangling from a rope in his room at Odenigwe, a community in Nsukka, Enugu State.

The deceased was said to have left a note behind where he apologised to his family, according to accounts by a neighbour. The contents of the note read: “Mother, father, brother, I’m sorry. Ify, may your children never suffer. Uncle Mathias, you gave me all. I am sorry. Death calls. Linguistic department, I am sorry. Okeke Tobechukwu S. 2012/185649,” the neighbour, who did not want to be named, quoted.


Though the cause of Okeke’s death is yet to be ascertained, some of his neighbours suggested that he was in debt, some said he was tired of schooling, others attributed his suicide to the loss of money in a network business he invested into.

The deceased’s last Facebook posts showed he had been involved in the controversial MMM scheme, as he used his page to advertise the scheme. His last post, in September, read: “MMM is enriching lives of millions of Nigerians everyday. If you care to join or you have any questions, please send me a message or comment below.”

One of the deceased’s colleagues, who also did not want to be named, said he was given an electrical wiring job to do at the department of Linguistics in the university, because of his expertise in electrical works. “I saw him this (Sunday) morning, he seemed to have a problem which he needed money to solve,” the colleague added.

The university authorities have also confirmed the incident, but said the family had not officially informed the institution. Uju Umo, the university’s Dean of Student Affairs said: “I travelled for a burial last weekend and yesterday I got a text message saying a student had committed suicide.

“It happened at Odenigwe, one of the host communities outside the school and I was told he left a suicide note apologising to his fellow gamblers.”

Similarly, Chukwu Emmanuel, the university’s student union president, also confirmed the incident, and said the matter was being investigated. “There’s no concrete details for now,” he added.

People close to the deceased described him as a comedian, who always used jokes to awake sleeping students during night classes. “He used to go around to classes at night to crack jokes and encourage students to forget their worries.”

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