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Reading: MMM Nigeria Participants In Panic As Scheme Freezes Participants’ Money Till Next Year
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MMM Nigeria Participants In Panic As Scheme Freezes Participants’ Money Till Next Year

By
Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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December 13, 2016 - 7:34 am
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Barely 24 hours after MMM founder, Sergey Mavrodi wrote an open letter to Nigerian Authorities, criticising the later’s constant attacks on the ponzi scheme, the administrators of the scheme, early Tuesday, announced freezing of participants’ monies for one month.

In a letter posted on the scheme’s website, MMM said; “As usual, in the New Year season, the System is experiencing heavy workload.
Confirming the severity of constant attacks on the controversial scheme, the statement said “moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media.
“Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month”, the statement partly reads.

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