MMM Nigeria freezes accounts again, vows to restart

The MMM Ponzi scheme in Nigeria has gain frozen all Mavros with a promise to restart.



The notice of the decision which was contained in a statement released by the MMM Administration and titled ‘restart’ blamed the federal government and mass media for its decision.

The organisation said it has not been able to overcome the consequences of the crisis triggered by the authorities and mass media at the beginning of this year.

“Despite all our efforts, the problems have been accumulating and, as a result, we have to announce a restart,” MMM stated.

Stating that they hope that the subscribers will understand, the organisation explained that all old Mavros acquired before the announcement was posted are frozen adding that they will be bought back gradually as the system develops.

“All transactions with new Mavros (acquired after this announcement is posted) will be carried out on the usual terms with no restrictions,” it stated.

Apart from this, the statement also noted that some amendments have been made to the rules, one of which requires Mavros to now start growing at the moment the request is confirmed and not at the moment it is created, as it was previously.

“Consequently, bonuses will start growing at the moment when the main contribution is confirmed (upon which bonuses have been rewarded on). Mavro-50% for the first contribution will not be available. We launch three-month contributions of two types: 40% and 50% (see more details in WHAT IS MMM),” it added.

Pacifying the Mavros, the statement added that as a matter of fact, a restart is not the end of the world, it’s just a restart of the system and nothing more.

“Continue to provide help and you’ll get it all back (even if you’ve lost something now). It all starts from the beginning. It’s the most opportune time for participating. We would also like to remind you (just for form’s sake) that everyone had been fully aware of all the risks and had read the WARNING which they had also confirmed by checking the relevant box in the process of registration.”