Beware! MMM Nigeria May Not Come Back, Here Are 7 Reasons Why

MMM Nigeria promised to unfreeze accounts
of its participants by January, however, things
might not be as we think.
According to an article written on one of
Nigeria’s popular forums, here are seven
reasons why MMM Nigeria may not be coming
back after accounts were frozen till January.
1. There’s no central account. This implies
that the so called Mavros are simply
electronic money. Everyone waiting to get help
had provided help which they paid directly to
other people in the past. They themselves
argue that there’s no central account. If
there’s indeed no central account where is
their matured mavro? In the cloud?
2. I believe the system calculated that the get
help overwhelmed the provide help. This
overload may have happened a month ago
and the system had no option than to shut
down.
3. Unless new entrants provide enormous help
in January, there’s no way the get help group
can recoup their money and that happening is
very unlikely. The only way out is for the
scheme to ask those whose monies are
trapped to provide help again. That’s akin to
what happened in South Africa and Zimbabwe
and we well know where they are now.
4. The outrageous bonuses drained the system
of money that would’ve been used to settle
new entrants. But the organizers knew all
along that it’s a scam so they built a long
system of bonuses and cashed out. If the
system was simply to help each other why the
big bonuses?
5. It’s very likely that there’s a group who
don’t provide help but get help multiple times.
Who can check except the site admin who will
always include his cronies when matching for
payment comes up. Why will they do this?
Because they know it’s gonna crash.
6. When Mavrodians started showing off their
‘wealth’ I knew the end was near. All that
show off was to get new entrants but they
miscalculated the number of gullible people in
Nigeria. Once the limit of people who want to
reap where they didn’t sow was reached, the
scheme had to crash.
7. That letter to the government was the
clincher. If mmm doesn’t return in January all
the blame will go to the government and the
media. That has always been the scape goat
in every country that mmm failed.
I loathe everything gambling. Even breweries
that give millions of free drinks during promos
are simply getting rid of expired stock.
Telecom companies will give you 1000 percent
return on your recharge but will bill the hell
out of you during calls. Nothing in the world
is cheap or free.