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#MMMgone: Nigerians hold funeral for MMM ponzi scheme

#MMMgone: Nigerians hold funeral for MMM ponzi scheme

Nigeria’s number one ponzi scheme, Mavrodi Mondial Moneybox (MMM) may have finally crashed.

The scheme resumed in January after a temporary freeze but many participants say they are unable to withdraw funds from the scheme.

A participant may “withdraw” funds by requesting “help” from MMM which then matches him with another participant who is mandated to pay the person seeking help. It seems no one wants to “provide help” anymore after MMM unfroze in January.

Nigerians who criticise the scheme have gone on Twitter, with the hashtag #MMMgone, to mourn and gloat at the “demise” of MMM.

https://twitter.com/kerzhim/status/822402914954149888

https://twitter.com/phizzytainment/status/822401174276100096

https://twitter.com/adaoraah_/status/822409501051645953

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