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Home Business News

MMM Just Sent Its Members This New Notice

Nairametrics by Nairametrics
February 23, 2017
in Business News
Nigerians Receive Another Warning As MMM Zimbabwe Crashes
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Nairametrics| Ponzi scheme, MMM Nigeria has sent a notice to its participants (Mavros as they are called) according to reports from the News Agency of Nigeria. NAN reports that the information was forwarded on Wednesday to members of the ponzi scheme. Here is an excerpt of the notice;

“You constantly reproach us stating we don’t listen to your opinions however we really do. We try to carry out the most reasonable and efficient suggestions immediately,’’ the statement said.

Particularly, in accordance with your suggestions, we will soon take the following measures:

We will stop the growth of confirmed Mavros acquired before the 1st of January 2017.

We will freeze the bonuses received before the 1st of January 2017 (so that limited withdrawal of Mavro-2016 will include only contributions, not bonuses).

We will introduce a new rule according to which the withdrawal amount cannot exceed a triple amount of the provided help (so, GH cannot exceed PH more than in 3 times).”

We do not really understand what this means but NAN explained as follows;

MMM said it planned to launch the new rules which will “stop the growth of confirmed Mavros acquired before the 1st of January 2017’’.

It will also freeze the bonuses received before the 1st of January 2017 so that limited withdrawal of Mavro-2016 will include only contributions, not bonuses.

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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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  • Nigeria’s Rail transport revenue hits N1.95 billion in Q1 2025 – NBS 
  • 2025 Budget: Tinubu seeks Reps approval for $2.3 billion external borrowing
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The Nigerian Railway Corporation (NRC) has announced that the Abuja–Kaduna

Nigeria’s Rail transport revenue hits N1.95 billion in Q1 2025 – NBS 

October 7, 2025
President Bola Tinubu,

2025 Budget: Tinubu seeks Reps approval for $2.3 billion external borrowing

October 7, 2025
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