MMM Nigeria Users Contemplate Suicide As Ponzi Scheme Freezes Payments For One Month


Except you’ve been living somewhere under Olumo Rock, you’ve probably heard about the pyramid scheme that is sweeping the nation – MMM Nigeria!

The “wonder bank” scheme lets you “invest” money and within a few weeks, you get a 30 per cent return. The scheme has become so popular with many Nigerians who have been hit by the recession investing in it.

MMM which is owned by Russian, Sergey Mavrodi has been banned in other countries where it once operated before crashing, but for now they are still going strong in Nigeria….

Until this morning, when MMM shocked it’s users with a notice to it’s members on their website, saying there will be no money flowing till January 2017….an entire month!


This comes just before the holidays when people need the money most.

A visit to the scheme’s Facebook pays shows a lot of panic users some even contemplating suicide already…

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3 Responses to “MMM Nigeria Users Contemplate Suicide As Ponzi Scheme Freezes Payments For One Month”

  1. Alhassan Maina December 13, 2016 at 08:06

    Haha ok they will start bleming buhari

  2. Toni Tega Epapala December 13, 2016 at 08:19

    Well so it had been long expected…just that its not this kind time sha

  3. Greg Westwood December 13, 2016 at 21:17

    Yea Christmas money

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