Saturday Digest: Now That MMM Has Crashed, What Next?

The United Kingdom based newspaper- the independent, the Central Bank of Nigeria and some well meaning Nigerians has warned Nigerians of the dangers of investing in MMM yet thousands of people are still lining up to be matched.

The passion I see when I interview most of these people is wonderful “We are just like a family trying to help ourselves”

One cannot blame them after all the situation of things in the country is getting out of hand. And Government is doing so little to help in a time like now where rice is only available to the rich.

Last week a UK based newspaper, The Independent cautioned Nigerians of the dangers of investing in MMM.
This is as a result of the increasing popularity of the scheme in Nigeria.

The name Sergey Mavrodi may not ring a bell, but a closer look at the full meaning of MMM will answer the question Mavrodi Mondial Moneybox (MMM).

Sergey Mavrodi as he is known, is a convicted Russian fraudster, according to reports. In the early 1990s,Mavrodi scheme stole life saving from more than a million Russians.

In South Africa and Zimbabwe thousands of people have lost so much money to the scheme but in Nigeria thousands of people are still reaping the benefit of the scheme, in fact the scheme has crash up to 100 times on Newspaper in Nigeria.

“Enjoy while it’s last” That is the song of many Nigerians who have found MMM as the last hope and a way out of the current economic woes.

As we watch the current boom of people trouping in to tap from the blessings of MMM in Nigeria, one can only hope that the scheme will not crash so soon as it is widely speculated.

But in all honesty, a stitch in time save nine, and it is better to use wisdom when investing in a scheme like MMM.

Remember use your spare money not all your money if you are in or about to go in.

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Written by Abel Udoekene

Abel Udoekene jnr is a fisherman by day, a blogger by night, a Social Media strategist, Writer, Children Ambassador, COO at Inspiration Africa.


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