On Monday, the 12th of December 2016, over 3 million MMM Nigerian participants woke up to the news of their mavros being frozen for a month. This simply means that those who have provided help are not eligible for payments until the expiration of the one-month embargo. The country was thrown into chaos. While so many participants who have pledged in their money with the hope of getting their bonuses in time for the yuletide period remain devastated and now seek alternative means of raising money for Christmas, a microscopic few who have benefited enormously from the hierarchical formation enacted by the architects of this scheme are out on social media working “tirelessly” to douse the tension. In all of these, the glaring fact remains that ordinary participants have much to lose compared to these hope-givers who throng social media to give hope to the heartbroken. While this piece is not to objurgate anyone, there are pertinent questions that need to be asked.
Why were the accounts frozen a day after the letter purportedly from Sergei Mavrodi was sent?
On December 11th, 2016, a letter purportedly written by the founder of MMM, Mr Sergei Mavrodi, where he blamed and berated the government of Nigeria and the mass media for working against the sustenance of the scheme, was widely circulated on social media as well as on the official website of MMM Nigeria. The letter which makes little or no sense because of its grammatical absurdity largely traceable to Mr Mavrodi’s Russian root, reads in part
under a constant attack from you. In this regard, I would like to ask you a few
simple questions. Since you are concerned with the interests of millions of your
fellow citizens, I hope that you would be so kind to answer them.
to get? Do you want the MMM System to collapse and millions of people to
suffer? Who will support them then if now MMM is their only means of
livelihood? Will you? You even don’t pay wages to people? Or might you not care
about them? Might you be using a trendy topic to make a good name for
yourselves? What will you say to a mother who will have no money to buy food
for her child? Will you let her child die for the sake of the higher interests
of the economy?
a scam. What is the scam here, if all members are warned in advance about all
the risks, the possible and impossible ones? They know there are no investments
at all. The warning is a red text on a yellow background placed on most
prominent place of the website.”
know what is right for people, why is the life so bad in the country?”
the persecution against MMM organized by the mass media has provoked a panic.
We have been working in South Africa for almost 2 years and we have millions of
members. During all that time, we had no complaints and accusations from
participants, everything was paid to everyone in time and in full amount, by
30% per month. We held charity events and helped children. We did a lot of
useful things for people! Well, who was suffering from this?
bankers and the adherents of the current unjust financial system. That is why
they planned and brought all these crazy investigations and persecution in the
mass media. “The only thing which prevents the investigation is the fact that
non of the participants reported to the police”. If there are no complaints,
and everybody is happy, then what is the investigation for? What is the
subject? Did not they understand the consequences? Did not they understand that
their irresponsible actions would hurt people? Millions of people! Well, try
oppressing any bank, even the most reliable one, in the same way, and see what
will happen tomorrow.”