Skip to main content

MMM launches in Kenya, Ghana; Nigerian participants react

Mavrodi Mondial Movement (MMM)

The creation of the Mavrodi Mondial Moneybox (MMM) in Kenya and Ghana, approximately 48 hours after its activities in Nigeria was suspended for a month, has caused increased panic among Nigerian MMM participants.

Chiamaka Ugorji, the wife of Chuddy Ugorji, a leading MMM Nigeria promoter, attempted to calm nerves by writing an open letter to participants, but this failed to reassure Nigerians that their investments were safe.

Some individuals, who spoke to the News Agency of Nigeria (NAN) on Monday in Abuja, shared their thoughts on the issue.

A civil servant, Charity Okafor, said “I participated in the scheme twice by investing N500,000 and one million naira respectively and I got my money back with the large interest.

“However, I felt I should not participate in the scheme any longer and I am lucky I had people around me who convinced me not to reinvest.

“I know I would have turned into a crazy woman if I had money there during this suspension,” Okafor said.

Ebube Okoh, a housewife, told NAN that she believed the launch of MMM in Ghana and Kenya had everything to do with the Nigerian chapter.

“According to the website, the ban on withdrawals is due to negative reports by the media, heavy workload experienced by the system, and an attempt to prevent problems during the New Year.

“I, however, believe that they have run out of people to get money from to pay back the large investments that were coming into the system.

“I believe the money obtained in Kenya and Ghana will be used to make up for the deficit in Nigeria, besides both countries have higher currency values when compared to the Nigeria naira.

“The launch in Ghana and Kenya can’t be a coincidence.”

Gregory Bello, an engineer, said “I have money in the program but I am not as upset as other participants because it is a small amount of money in comparison to others.

“The money I put in is the interest I got from my last investment. I am one of those hoping the system comes back in January for the sake of our sanity. I have friends who put in millions of naira and have either suddenly fallen ill or are showing signs of depression.

“I just pray that MMM Nigeria has not crashed because many people will commit suicide or turn crazy,” Bello said.

Labels:

Comments

Post a Comment

Popular posts from this blog

Court grants Fani-Kayode N50m bail

Fani-kayode sandwiched by EFCC officials Justice James Tsoho of the Federal High Court Abuja on Thursday granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode. Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m. Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016. The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office. The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act. The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited. They were charg...
Post a Comment
Read more

Pope not involved in Colombian peace deal- Vatican

Pope Francis Pope Francis has turned down a request to play a role in the peace deal between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) rebel group. The Vatican in a statement issued on Wednesday in in Vatican City said that an invitation was sent to his Holiness in early August to appoint a representative to participate in the committee that selected the judges for the talks. The statement said that though Pope Francis supported the peace process, he, however, reiterated that he would not get involved in Colombian peace deal. It said that Pope was praying for the enlightenment of the hearts and minds of those who were called to promote the common good of the Colombian nation. A deal was announced last week, putting an end to five decades of internal conflict between government forces and the FARC rebels. The agreement, which needed to be ratified through a referendum in Oct. 2, would entail setting up a special court to grant amnesties or pu...
Post a Comment
Read more

Fall of Assad is a Blow to Russia's Prestige

The potential fall of Syrian President Bashar al-Assad, a long-standing ally of Russia, would mark a turning point in Moscow’s global influence, particularly in the Middle East. Steve Rosenberg’s analysis underscores the profound implications for Russia, which has invested heavily—both militarily and politically—in ensuring Assad’s survival over the past decade. This article delves into why Assad’s downfall would strike at the core of Russian prestige and what it could mean for the broader geopolitical landscape. Russia's Strategic Commitment to Syria Since the outbreak of the Syrian civil war in 2011, Russia has been a staunch supporter of Assad's regime. In 2015, Moscow launched a military intervention that proved decisive in stabilizing Assad’s hold on power. This intervention solidified Russia's role as a key power broker in the Middle East and demonstrated its willingness to project military power far beyond its borders. Syria is not just an ally for Russia; it is a...
Post a Comment
Read more