MMM: Nigerians react to launch in Ghana, Kenya | Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper. f

The creation of the Mavrodi Mondial Moneybox (MMM) in Kenya and Ghana, approximately 48 hours after its activities in Nigeria were suspended for a month, has caused increased panic among its Nigerian participants.

Chiamaka Ugorji, the wife of Chuddy Ugorji, a leading MMM Nigeria promoter, attempted to calm nerves by writing an open letter to participants, but this failed to reassure Nigerians that their investments were safe.

Some individuals, who spoke to the News Agency of Nigeria (NAN) on Monday in Abuja, shared their thoughts on the issue.

A civil servant, Charity Okafor, said “I participated in the scheme twice by investing N500,000 and one million naira respectively and I got my money back with the large interest.

“However, I felt I should not participate in the scheme any longer and I am lucky I had people around me who convinced me not to reinvest.

“I know I would have turned into a crazy woman if I had money there during this suspension,” Okafor said.

Ebube Okoh, a housewife, told NAN that she believed the launch of MMM in Ghana and Kenya had everything to do with the Nigerian chapter.

According to the website, the ban on withdrawals is due to negative reports by the media, heavy workload experienced by the system, and an attempt to prevent problems during the New Year.
“I, however, believe that they have run out of people to get money from to pay back the large investments that were coming into the system.

“I believe the money obtained in Kenya and Ghana will be used to make up for the deficit in Nigeria, besides both countries have higher currency values when compared to the Nigeria naira.
“The launch in Ghana and Kenya can’t be a coincidence.”

Gregory Bello, an engineer, said “I have money in the programme, but I am not as upset as other participants because it is a small amount of money compared to others.

“The money I put in is the interest I got from my last investment. I am one of those hoping the system comes back in January for the sake of our sanity.

“I have friends who put in millions of naira and have either suddenly fallen ill or are showing signs of depression.

“I just pray that MMM Nigeria has not crashed because many people will commit suicide or turn crazy,” Bello said. (NAN)


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  1. Pls, people should stop addressing providing help & getting help as an investment. Why should they go crazy? People were warned to use only spare money

  2. Idol minded Nigerian Journalists. Why must MMM be in the news everyday, is it not stupidity that this is happening. Please keep yourselves busy with quality news and info instead of everyday MMM.

  3. To your grave ye MMM. Leave Nigerians alone to have their sanity, drive for excellence and hard work back and go away with your laziness and fraud

  4. Media, leave MMM alone!!!

  5. Why media in Nigeria make MMM daily affairs?....... Una dey give them cheap popularity daily..... How is it different from other lotteries approved by government? Like pool, bets and others? It's clearly shows some forces are somewhere lunching attacks and are getting daily pay 4dis... Who is now evil between u & MMM? Any money hangs out now is with the co-participants bearing the same risk, and not with anyone outside the participants.
    Whether una like it or not, dey will come back in January!

  6. Nigeria and Nigerians, it is high time for to have a re-think of the way we are tarnishhing the image of this country. My question is, why is it that anything gets to the soil of this country becomes a scandal rather than showing the intended blessing? My answer to this is, either because we are too greedy or dubious or there is some dark spirit standing against Gods' will which why we have been matching Ieft and right on the same stand. We must call ourselves to sense and make our wrongs to be right before it's too late. God would not be blamed if refuse to change but advice we change to make this country great again.


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