Panic Among Participants As MMM Nigeria Freezes All Accounts

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There were signals of panic and restlessness among participants of the popular yet controversial money-doubling ponzi scheme, MMM, on Tuesday morning following news that the wonder bank has been shut down.
According to reports, the MMM Nigeria has been shut down for a month due to what the operators termed, “heavy workload”.


In the message sent by the admin to the dashboard of Mavros, the measure was taken so as to avoid difficulties in the New Year.
The news is coming barely a day after the founder, Sergey Mavrodi, was quoted to have written an open letter to the Federal Government of Nigeria to justify the importance of the scheme.

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Fred Augustine

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