Panic Sets In as 3 Days After the Return of MMM, Investors Are Yet to Get their Funds | SEE DETAILS

Following the much publicized return of popular ponzi scheme, MMM, investors are panicking over their inability to get their funds.

It is now 3 days since the popular ponzi scheme, MMM returned following a month hiatus that saw its administrators freeze all accounts of investors in Nigeria, #ANOTHERGIST gathered.

However, a quick check as of today indicates that 72 hours after the much publicized comeback on January the 13th, many of the investors are yet to get their money.

According to a check with our sources, the scheme is paying people who invested lesser amount into the scheme. Most who invested N50,000 downwards have successfully been matched and paid.

But, there is a little problem for some participants who invested N100,000 and above. Although, the administrators beforehand had warned that it would start from lower amounts to pay its participants, those who invested huge sums are getting apprehensive.

Some participants who invested huge sums reportedly told TheCable that they have not been able to get their money.

Kolade Ogunwande, who said he put in N100,000 in November 2016, and referred two other people to the scheme, said his money had appreciated to N214,000 as of Friday, so he immediately request for it.

“They have not paid me anything, but they said we should wait MMM freeze ‘still intact’ 72 hours after comebackpatiently to be matched with participants willing to invest in MMM. I have no choice than to be optimistic,” he told TheCable.

The message displayed for people trying to withdraw amounts up to N100,000 (snapshot:TheCable)

Also, another participant, Lara Makanjuola, who also invested N100,000 in the scheme, said she was expecting N186,000, but she had not been able to request for her money.

She said anytime she requested to get help, the website said “mavros are not available for withdrawal”.

“I was supposed to collect my money two days to when accounts got frozen, but the person I was matched with didn’t pay.”

In the same vein, an Abuja-based couple who invested over N2 million in the scheme are 'praying' that for a miracle as they have also not been able to withdraw their money.

For those who invested N100,000 and above, the system puts up a message that links them to its previous freeze message each time they request for help. The message reads:

“As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media.

“The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.: (Moreover, there are almost three weeks left to the New Year).

“Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month. The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled.”

However, most of the participants are optimistic that the system will bounce back fully and have expressed confidence in it. Mavrodians as they call themselves have continued to beat the drum saying that MMM is the last hope for the poor. 

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