No Money: MMM Freezes Out Mavrodians

Forum 7 years ago

No Money: MMM Freezes Out Mavrodians

Mavrodians, the name of account holders in MMM Nigeria, are still unable to get paid a return on their investment more than 96 hours after the Ponzi scheme returned.

Some MMM participants said that although they were able to request for their money, they have not been paid as the system is still frozen, just as it was in December 2016.

Nan reports that Kolade Ogunwande, who said he put in N100,000 in November 2016, and referred two other people to the scheme, said his money had appreciated to N214,000 as of Friday, so he immediately requested for it. “They have not paid me anything, but they said we should wait patiently to be matched with participants willing to invest in MMM. I have no choice than to be optimistic,” he said.

Lara Makanjuola, who also invested N100,000 in the scheme, said she was expecting N186,000, but she had not been able to request for her money. She said anytime she requested to get help, the website said “mavros are not available for withdrawal”.

“I was supposed to collect my money two days to when accounts got frozen, but the person I was matched with didn’t pay.” An Abuja-based couple, who requested not to be named, invested over N2 million in the scheme; they have also not been able to withdraw their money. As of Monday, when any participant sought to withdraw, the website put up a message that linked them to its previous freeze messagE.