Join NairaMan / Login / Trending / Recent / New
Stats: 2,335 members, 6,141 topics. Date: November 15, 2018, 5:22 pm
NairaMan Forum / Politics / MMM Nigeria tries to calm panic-stricken participants (1 Post | 337 Views)
MMM Nigeria tries to calm panic-stricken participants by yungcrae(: 7:31 pm On Dec 14, 2016
The operators of Mavrodi Mondial Moneybox, MMM, a ponzi scheme, are battling to console millions of panic-stricken Nigerians.
About three million Nigerians are believed to have invested in the scheme.
MMM on Tuesday, frozen by one month, payments of both capital and 30 per cent interest accruing to investors.
The announcement jolted Nigerian investors and prompted an investor to contemplate suicide.
Meanwhile, top MMM guider, Chuddy has addressed MMM investors on the one month freeze of accounts.
In a blog post on MMM BLOG on Wednesday, Chuddy called for calm among investors.
He said the open letter explains why the one month freeze was implemented, adding that it was to put the Nigerian Government and MMM haters to shame.
“This isn’t the first of its kind. It happens when there are excess PANIC in the system It was placed on Zimbabwe and after the duration it was lifted.
“As MMM Freezes And Goes Offline Few Weeks Before Christmas This idea is brought forward to Calm the members down on intending Threat the FG and Mass media has planned on the system.’’
Why Atiku picked Peter Obi as running mate / Anambra Supplementary Election To Hold On The 30th Of November 2013 / Bloody Day For Rivers State Police As Militants Kill 4 Officers / Ms. Okonjo-Iweala Did Not Betray Nigeria / It’s disappointing Senate can’t confirm Magu’ / Dino Melaye Explodes: We'll Take Saraki's Case To Supreme Court /
Viewing this topic: 1 guest viewing this topic
|NairaMan - Copyright © 2012 - 2018 John Onam. All rights reserved. See NairaMan and NairaBlog|
Disclaimer: Every NairaMan member is solely responsible for anything that he/she posts or uploads on NairaMan.