In mid 2015, MMM Nigeria came into existence in what was seen by many as the resurrection of hope in a country full of hardship following the victory of president Muhammadu Buhari who swiftly led Nigeria into recession.[AdSense-A]
MMM is a get rich quick, Ponzi, scheme which entices the public to join with the promise of providing a 30% return on investment (ROI) monthly which they did well for over one year until the inevitable downfall faced by every ponzi scheme struck in mid December 2016. This led to the halting of every activity of the scheme in 14th December 2016, promising to lift the ban on GHs on exactly one month after. This sent a panic fever to all the participants who waited patiently and had to manage resources during the 2016 Christmas season.
On 13th of January 2017, MMM Nigeria announced its coming back to operations as was expected and this caused a loud roar on the internet as participants started hunting people who didn’t believe in the coming back of the system.[AdSense-C]
A lot of people believed that MMM came to help and that it is still helping, why this was not the case for some. There were cases of lost business funds to MMM bankruptcy. A man sold his two Keke Napep and invested everything in MMM with the mindset of sitting down at home while his invested capital grows every month, a young female hair stylist also closed down her shop and sold a number of equipment to invest in MMM and up till this moment, they have not been unable to recover from the loss. How about the young man who invested his proposed wedding fund in MMM and more to mention a few.[AdSense-B]
Today makes it 6 months since the revival of the scheme and we at Correctng.com are looking into the cases of different participants;
Have you been able to retrieve your invested capitals or not? Are you still providing and receiving helps? Whatever the case may be for you, tell us about it in the comment section below. Your experience (good or bad) can go a long way in educating others about investing in similar schemes.