Tension as participants await MMM return

There is currently tension in the country, especially among patrons of Ponzi scheme as they count down to tomorrow, January 14, which is believed to be the date the scheme would return.


The Mavrodi Mondial Movement is a scheme that assures up to 30% interest on money invested.

The ponzi scheme had announced a ‘freeze’ on accounts of users in December 2016, with the promise to upgrade and return tomorrow, January 14.

Recall that the scheme had last week introduced Bitcoin, said to be the world’s best performing currency in 2016, as part of its mode of payment in its comeback plans.

Prior to the freeze of MMM, participants were allowed to provide help in bitcoin, but they were paid back in naira.

It was said to be the best performing currency in 2016, appreciating by more than 100 percent, from about $400 per bitcoin to over $1,000 per bitcoin. The currency has now fallen to $887 as at last Friday, with China tightening rules to curb capital outflows.

At the moment, participants are currently wishing themselves ‘happy cross over night’’ on social media.

A social media user, Jide Oluseyi said, “we are waiting for the return of MMM. We will be having a special service to cross over to our new year this night in Ejigbo stadium. Happy cross over night Mavrodians,” he said on Facebook.

Fiery preacher and founder of Omega Fire Ministry, Apostle Johnson Suleman had warned his members against participating in the ponzi scheme, saying that it was demonic.

Even the Central Bank of Nigeria had warned against MMM.