Business Hilights

Tracking Nigeria's Headline Business News Online

MMM victim

MMM sneaks into Ghana, Kenya dashing hopes of return to Nigeria next year

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After using the same exist model of announcing a one month relaxation of activities to run away from South Africa and Zimbabwe earlier in the year, the Mavrodi Mondial Moneybox (MMM) used exactly same to frustrate their Nigerian followers on December 12 with a claim to come back in a month’s time.

However, investigations revealed that since first quarter of 2016 when MMM left South Africa and Zimbabwe, they announced before leaving that they will return in one month and since then till now the year is ending, they never resurfaced, meaning that they always leave an economy with a surreptitious assurance to return after one month which never materialized anywhere.

Findings by our correspondent show that, their entry to both countries came approximately 48 hours after its activities in Nigeria were suspended for a month.

Experts say the issue of MMM remains one of the emerging technology disruptions considering its structure which smartly escapes all classes of government or official control in any economy ranging from taxation to regulation.


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