MMM to unfreeze accounts on January 14

MMM to unfreeze accounts on January 14

The anxiety amongst participants of the famous money-doubling scheme, Mavrodi Mundial Movement, (MMM) has continued as the scheme has set a new date for when it will unfreeze all confirmed Mavros of members.

Anxiety as MMM sets new date to unfreeze accounts (See details)
MMM Nigeria has disclosed that participants accounts will be unfrozen on January 14, 2017.

Recall that the scheme had on Tuesday, December 13, 2016, froze all confirmed Mavros, otherwise known as money due for withdrawal for one month.

READ ALSO: Pastor Ashimolowo loses $5m to Ponzi scheme

That action meant that all the accounts of members who are due to be paid after having ‘provided help’ (PH) to another person since the last month have been frozen and hence, have no access to request for payment, known as ‘Get Help’ (GH) until after one month.

Some participate had thought that the due date for their account to be unfrozen was on 13 of January 2017, but the scheme on its official Twitter handle, @MMMNigeriaHelp has disclosed that participants accounts will be unfrozen on January 14, 2017.

READ ALSO: I am not the owner of MMM Nigeria - Pastor Mbanefo opens up

Meanwhile, some Nigerians have accused the federal government of investing in the popular Ponzi scheme, MMM, following reports of scarcity of small naira denominations in the country.

The accusations surfaced after sources in the Central Bank of Nigeria (CBN) disclosed to the media that the apex bank failed to print small naira denominations for about a year due to the current economic recession.

Source: Legit.ng

Authors:
Kess Ewubare avatar

Kess Ewubare Kess Ewubare is a former senior political/current affairs editor at Legit.ng. He has a diploma in-law in addition to a BSc and a master’s degree in mass communication. Kess is a journalist with over 10 years of working experience in several fields of journalism ranging from radio presenting, television news reporting, newspaper reporter, feature and magazine writing as well as online and multi-media journalism.