Nigerians panic, as MMM stop paying participants


Ponzi scheme company (MMM) on Monday says it has stop any form of payment from now till next year January,  2017.



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According to a post on the Nigerian MMM website, the scheme will no longer allow participants who had earlier “Provide Help” ( which means investing a particular amount),  to “Get Help” ( means request to get back your money and due interest).

Before the new development,  participants who have provided help can request to get back the money due to them after 14 days,  but according the new information,  from  Monday 12the of December,  2016,  participants monies will be frozen for 30 days, before it would be made available for withdrawal.

Read the full statement as released on the site below :

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

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