If you have idea of when MMM first operates in Nigeria, you will understand what really happened in the country at that time.
In 2017 when MMM first arrived Nigeria, millions of Nigerians saw it as a way of making easy money by finding help according to what u put until the company folds and it was a big saga in the country.
Just like the previous version, participants are to register, invest a particular amount in the form of “providing help” and “get help” with their investment and interest back after 30 days.
Notorious Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back.
The new version known as MMM Cooperation promises as much as 50 percent return on any amount invested in it — 20 percent more than what the extinct version offered.
Just like the previous version, participants are to register, invest a particular amount in the form of “providing help” and “get help” with their
investment and interest back after 30 days.
And some Nigerians are falling for it yet again!
The scheme had announced a shut down in April 2018 following the death of Sergei Mavrodi, its founder.
“After much deliberation, we have made the conclusion that continuing the system operation, without our leader and ideological inspirer, is impossible and makes no sense,” a message on MMM Nigeria website had read.
In a surprising turn of events, however, the scheme announced it had re-launched globally since January “to make Mavrodi’s legacy worthwhile.”
“Like sunrise in the morning , MMM Cooperation set the pace on the 22nd of January 2019 all over the world.