Business Hilights
Tracking Nigeria's Headline Business News Online

Promoters of ‘MMM’ hiding under trapped victims to query NASS on ban

Indications have emerged that the observed strong condemnation currently trailing the directive by the House of Representatives mandating the EFCC and the Central Bank of Nigeria (CBN) to immediately go after the promoters Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria is a ploy by the dealers to fight for survival, Business Hilights can authoritatively report.

It would be recalled that barely less than one week after the a related bubble burst in Enugu State where over 40 people were defrauded to the tune of over N4billion, the House of Reps has directed the EFCC, security agencies and the CBN to take urgent steps to halt MMM Nigeria before many Nigerians would become victims of the scam.

The lower chamber had on Wednesday, November 9, opposed the MMM Nigeria which has gained popularity among poor and middle class Nigerians in the wake of the current economic recession in the country.

The MMM promises 30 per cent return on investment for any money put into the scheme within 30 days.

Whereas Business Hilights investigations showed that the investment scheme has a Russian origin and involves directing clients to make money available for an anonymous person with a promise of 30 per cent return within one month, further findings indicated that many of the people opposing the ban had already posted huge amount, waiting to gain from the deal.

It was also discovered that those who had put in their money accosted the promoters who are now encouraging them to fight back at the lawmakers so that their investments cannot be trapped.

The key argument of the victims and promoters is ‘what is the business of lawmakers in people’s private business, while other serious issues of national importance are unattended to?’

For now, they are faceless considering the ongoing manhunt for them nationwide.

Otherwise, the hiding promoters are now using those who had put I n their money to see how they can frustrate the legislatures order in order to allow for the continuity of the illicit business.

Our correspondents, however noticed that arrests have not been made, other than the trending case in Enugu now as the MMM promoters in cities like Lagos and Abuja and Port Harcourt had gone under.

One of the ‘investors’ who read Business Hilights online story on the matter two days ago, called our Editor on phone, asking “How some of them can get their money considering the development”.

The victim who pleaded anonymity told our Editor that “If serious efforts are not made, and in time, the promoters will hide under the ban to bolt away with their trapped funds which he said will be over N110 billion.

The source said “I suspect that all the money we have been paying with the hope of getting 30 per cent ‘return on investment’ seem to be wired direct to Russia because we were told that the destination of the investment is Russia”.

REAL FACT SHEET ON MMM

There are divergent reasons why MMM was formed in the first instance.

MMM is a Global Mutual Aid scheme. In the words of the founder, it is a naked scheme, and nothing more. It allows people to interact with each other and dish out their money for no apparent reason! This implies that every donation that is made at MMM is made with the intention of helping someone who is in need out there. The goal of Mavrodi Mondial Moneybox global is to destroy the current unfair financial systems that are ruling the world.

In the simplest term, MMM is a worldwide movement to control American influence according to the promoters.

For instance, from 2011, after its re-initiation, MMM global perfect money has been functioning openly and with over 158 Million participants worldwide. It is currently operating in Latin America, Canada, Western Europe, Eastern Europe, Asia and Africa. This non-profit organization allows people to help each other to break the financial slavery that the American dollar is imposing on the poor in the world. The Dollar is very scarce. It is more especially in the hands of the rich. Since it is saturated in the lives of the rich, it makes the rich richer and the poor poorer. By joining this revolutionary system, you will be in position to help the human race to make life better.

The key believe according investigations is to cause a return of funds thought to have wrongly gone to USA back.

The Russian and global promoters believe that the Americans are robbing poor people and making our lives difficult. They control all the financial aspects of our lives. But, did you know that you can do something about it? Join MMM global RSA perfect money and it will happen. This American dominance is happening because we are not sharing. When you help a person who is in need out there, he will not go to a bank that is regulated by American dollar. He will not struggle with the interest rates and his life will improve. Let’s make the world a better place by controlling America. Join MMM, donate and your donation will be given back to you with an additional 30%.