Bad News For Guiders As MMM Announces New Strategy

The latest announcement from MMM Nigeria was released on Wednesday, February 22.

Participants are already saying the message is a confirmation that the MMM admin has been listening to their complaints and suggestions.

The new message reads: 

“You constantly reproach us stating we don’t listen to your opinions however we really do. We try to carry out the most reasonable and efficient suggestions immediately.

Particularly, in accordance with your suggestions, we will soon take the following measures:

We will stop the growth of confirmed Mavros acquired before the 1st of January 2017.

We will freeze the bonuses received before the 1st of January 2017 (so that limited withdrawal of Mavro-2016 will include only contributions, not bonuses).

We will introduce a new rule according to which the withdrawal amount cannot exceed triple amount of the provided help (so, GH cannot exceed PH more than in 3 times).

Many participants and guiders withdraw bonuses in such big amounts without PH that it threatens the stability of the whole System. (We don’t agree, however we will accept preferences of the majority. With this rule, you can’t withdraw only bonuses without providing help.

Therefore, keep on sending us your suggestions. We will take them into account (At least, we will try).”

Some participants are happy about the new strategy while some others think it is not the best decision. Since its return on January 13, MMM Nigeria has been struggling to gain the confidence of participants who are yet to get back the money they invested in the scheme before it went on one month break in December. Some have lost hope of ever getting their money back while others are still optimistic things will get back to normal.

Some people have killed themselves because they borrowed the money they invested in the money doubling scheme and now it looks like they will not be getting it back.

Recently, a young man, simply known as Adakole, who was about to wed last December drank insecticide following the alleged crash of Ponzi scheme. He passed on Monday evening, February 20, around Kubwa in Bwari Area Council of Abuja.