MMM Founder Warns Buhari, Says Govt Position against Scheme ‘ll Affect Fortunes of 3m Nigerians

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MMM Founder, Mavrodi

…If you know what is right for people, why is the life so bad in the country?
Founder of popular ponzi scheme, MMM, Sergey Mavrodi, has written Nigerian government warning that its position against the scheme would affect the fortunes of 3 million Nigerians on the project suffering the harsh effects of economic recession plaguing the country.
A letter displayed on the pages of participants of the scheme, according to a News Agency of Nigeria (NAN) report, said MMM is the only means of livelihood of millions of Nigerians noting that its collapse would be disastrous.
“So far MMM has come under a constant attack from you. In this regard, I would like to ask you a few simple questions. Since you are concerned with the interests of millions of your fellow citizens, I hope that you would be so kind to answer them.
“What are you trying to get? Do you want the MMM System to collapse and millions of people to suffer? Who will support them then if now MMM is their only means of livelihood? Will you? You even don’t pay wages to people? Or might you not care about them? Might you be using a trendy topic to make a good name for yourselves? What will you say to a mother who will have no money to buy food for her child? Will you let her child die for the sake of the higher interests of the economy?
“You say that MMM is a scam. What is the scam here, if all members are warned in advance about all the risks, the possible and impossible ones? They know there are no investments at all. The warning is a red text on a yellow background placed on most prominent place of the website.
“You say that MMM is bad. Why? Yes, it produces nothing, but nothing gets out of the country either. The money is just redistributed among the citizens of Nigeria. It gets from those who are richer to poorer ones, in this way restoring social justice. What’s wrong with that?
“You have repeatedly stated that “it should be investigated!.. researched!..” It means you know nothing about this System yet; you even haven’t understood how it works.
“And finally. If you know what is right for people, why is the life so bad in the country?”
He said MMM “has been working in Nigeria for a year, and according to your estimates, the total number of members now is about 3 million people”.

The Central Bank of Nigeria and the Securities and Exchange Commission have warned Nigerians against the dangers of participating in the scheme.

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2 Comments so far. Feel free to join this conversation.

  1. Michael Funso December 12, 2016 at 10:45 am - Reply

    This is the ugliest human being I have ever have to be forced to look at. He is so ugly he makes me want to puke on his round face.

    To start with I don’t believe his 3 million number — it is probably way less, perhaps between 100,000 – 200,000

    Buhari should ignore his veil threat and shut down the ponzzi scheme.


  2. Ezeana Igirigi Achusim (United States) December 12, 2016 at 3:47 pm - Reply

    Buhari runs to oyibo to clean his ears for £6mi. Now oyibo wants to fleece him some more with ponzi schemes and he is quiet because it is oyibo warning him. They purposely use oyibo photo to warn Buhari. If Buhari does not capitulate, next time he needs medical attention, he will be scared to go to oyibo. Accidents do happen. The only doctors Buhari can trust in Naija are right there in Owerri. But he can’t go there unless the Niger bridge is complete and running.

    And I am
    Ezeana Igirigi Achusim
    Nwa Dim Orioha AKA Onyeukwu

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