Subscribers
and investors of Nigeria's most notorious Ponzi scheme, MMM, have
resigned to fate as they await their trapped investments a day after the
scheme resumed operations.
MMM
A day after the popular money-doubling scheme, Mavrodi Mundial
Moneybox, MMM, resumed operations in Nigeria, participants have resigned
to fate as they await their trapped investments, Vanguard reports.
Most, who had expected an immediate return of normal transactions
were found to have developed mixed feelings over the new method with
which their funds would be repaid.
It was learnt that some people, who had applied for their funds
were not too comfortable with the scheme’s decision to prioritise
payment of micro-investors. Micro-investors, according to MMM managers,
are those with least minimal investment.
The new payment limit was also found to be a thing of concern to
those who were in a hurry to recoup their investments. Get Help is the
phrase for request for payment. But the Help appeared not to be readily
available yesterday.
Applications for Get Help were met by this usual aknowledgement message from MMM:
1. Your application has been received.
2. Wait patiently to be matched with another participant.
3. For most of those who had tried to Get Help, this response all the more heightened their feeling of frustration.
Since the meger process was often done within two weeks, those who
had so far requested for their funds were found not to be too disturbed
yet, the optimism which greeted their initial investment drive appeared
to have been dampened but not totally lost.
Amid all these, the faith of participants was found to be
unshakable – a situation attributed as a fallout of the grinding nature
the hardship in Nigeria had assumed.
There were many participants who did not want their names in print.
A participant, who provided help (invested) with the sun of N200,000,
Mr. Olisa Akubundu, told Sunday Vanguard that there was nothing to worry
about.
However, he added that all that mattered to him were his funds. “We
suspected that there would be changes relating to the process of
getting our money. Knowing how MMM works, it would be childish to expect
immidiate payment with the old model.
“I will continue with the scheme because I benefited much last year but what matters to me now is my money.
“I can’t afford to lose such amount in this critical period when a 12 kilogram cylinder of cooking gas sells for N6,000.
“The media that is so much concerned about MMM, why is it not
telling the federal government the enormity of the hardship in Nigeria?
“This country is becoming worse under the present leadership.We
can’t wait for 2019, it is even MMM that can sustain us till 2019 when
we will pay this government back.”
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