• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Cash Strapped MMM Says Only Members Who ‘Provide Help’ Can ‘Get Help’

Chacha Wabara by Chacha Wabara
January 20, 2017
in Business News
Nigerians Receive Another Warning As MMM Zimbabwe Crashes
Share on FacebookShare on TwitterShare on Linkedin

Nairametrics| To any who are optimistic over the resurgence of the popular Ponzi scheme, Mavrodi Mondial Money, MMM, this should convince you that the scheme is now seriously lacking in available cash to satisfy the demands of its participants

Yesterday, participants of the Ponzi logged onto their accounts only to find out that their ‘Get Help’ buttons had been disabled. As if this was not enough, the scheme now added a new caveat for any who wanted to withdraw his or her available cash in the system. You must now provide help to get help or your ‘mavros’ (MMM currency) will be frozen.

In the message left on the PO of its participants, the message read, “Your MAVRO are Frozen or have “unconfirmed” status so you are not able to withdraw them. “To have your Mavro confirmed, you should provide help.”

MoreStories

CGT: How Nigeria compares with other African countries 

Wale Edun assumes G-24 chairmanship, unveils Nigeria’s 5 priorities

November 6, 2025
canada, International student permits

Canada cuts temporary immigration, opens residency path for H-1B visa holders 

November 6, 2025

Of course, the logic behind the new guideline is simple. Whatever you plan to receive, you must donate, indicating that the scheme has come to terms with its incapacity to handle the current demands of its members.

However, this guideline might be geared at actually giving the scheme a slow death, without paying the funds of its members currently withheld. Simply put, why should I put in any money when I stand a chance of getting only what I out in? Add to that the risk of not even getting the new input due to the sudden changes and ‘upgrades’ that have plagued the system recently.

Whatever the case is, these are not happy times for MMM participants.


Follow us for Breaking News and Market Intelligence.
Tags: MMMPonzi scheme
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

Related Posts

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Crime and Insecurity

EFCC arraigns Ponzi scheme director Precious Williams over alleged N13.8 billion fraud  

June 17, 2025
Securities and Exchange Commission (SEC) building
Legal & Regulations

Ponzi scheme: SEC warns Nigerians against investing in PWAN MAX 

May 6, 2025
Why do Nigerians fall for Ponzi schemes every time?
Markets

Resisting Ponzi schemes in Nigeria

April 18, 2025
Charles Ponzi
Op-Eds

Why any offer with the word “trading” or “guaranteed” is a Ponzi by Kalu Aja

June 4, 2024
Ponzi Scheme
Exclusives

Inside “PHEBELLA”, “RIO TINTO”, “TECK”, the new Ponzi Schemes promising tantalizing returns

September 16, 2023
Ponzi scheme: police arrest Bamise Ajetunmobi, produces him in court
Business News

Ponzi Scheme: Police finally arrests Bamise Ajetunmobi of Imagine Global Holding, arraigns him

March 17, 2023
Next Post

Renaissance Capital Appoints Adedayo Ayeni To Its Sub-Saharan Africa Research Team.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • Lagos sets November 10 deadline for NUPENG to comply with e-call-up on Lekki-Epe corridor 
  • Senate orders NAFDAC to enforce sachet alcohol ban by December 2025 
  • Lagos launches 24-hour traffic control, demolishes illegal structures ahead of Christmas season

Follow us on social media:

Recent News

Lagos govt bans articulated trucks from Lekki-Epe corridor during peak hours starting August

Lagos sets November 10 deadline for NUPENG to comply with e-call-up on Lekki-Epe corridor 

November 6, 2025
President Tinubu appoints Ibrahim Gaga as new Executive Director of NEXIM Bank  

Senate orders NAFDAC to enforce sachet alcohol ban by December 2025 

November 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics