The declaration of the Central Bank of Nigeria (CBN) that Mavrodi Money (MMM) is a big scam has not gone down well with many Nigerians.
Indeed, the federal government and the apex bank have come under heavy fire for putting Nigerians in such a precarious position that a Ponzi scheme like MMM appears so attractive.
A cross-section of Nigerians who vented their anger on social media said the government should cover its face in shame for not being able to take care of its citizens.
Others feel that the risks CBN said the MMM posed, while real, was all right with them because they would rather put their money into a scheme that gives them return on investments than in banks where the money even goes missing for many reasons.
Chidinma Uba You want to stop MMM but you can’t stop our leaders looting our economy dry,you people just want to see poor masses suffer but since MMM is helping them you’re angry,go hang yourself MMM pays…the scam is government with scam change
Iheanyi Daniel Enwerem Though i don’t know much about MMM ,but the little I know is that they are far more decent and straightforward than Buhari and criminal minded Emefiele and Adeosun..Period, Nigeria is not good under the eyes of this three mumus
Generalseb Bankz *Those criticizing MMM will Regret for Late Registration- says Engr Joseph (Member Stock Broker in Nigeria).
Samson Anyanwu I remember the Gold package Company that came into Nigeria around 2008 and folded 2010.. They are just like MMM.. Many people were making huge profit back then and even my Aunt benefitted from it.. But guess what? It collapsed and people lost their life savings.. Nigerians should be careful with this so called MMM.. It will hit them hard soon.
Progress Godfrey Let mmm decide to pay tax to the federal govt then you’ll never hear them talk again… Pool is not scam, nairabet is not scam, commercial banks using our money to enrich themselves alone in the disguise of saving it is not scam.
Awopeju Abiodun After my house foundation almost complete you are still talking about scam, Mmm thank you o, together we can change the world. My friend is expecting his first car next week through Mmm yi noni.
Prince Adogiye Korobo People want the government to stop MMM from operating in Nigeria.
The big question is, how do u stop a company that doesn’t have an office in Nigeria nor affiliated with any government institution?…See more
Paul Kayo Akhere Government says “Participate in MMM at your own risk”
# This is laughable#
Ameh Peter Ugbede CBN wants MMM to come under its supervision so they can run it the way they are running the foreign exchange. As far as am concern MMM is the only thing working in Nigeria…APC or PDP are all SCAM!!!…MMM all the way!!!…
Kelly Khutso MMM was recently in south Africa. I was a member lost most of my money. The more ppl join the more ppl up benefit. The ones who join last lost out. There will come a point where ppl just want to take their money and not pay it back. Yes in the beging i…See more
Charles Ukaonu Well, CBN has lost focus and now want to distract Nigerians with MMM story but it will not work. In as much as we are not borrowing banks money to run MMM, I don’t see how this is their business. Living in Nigeria is at the risk of every ordinary citizen except the rich and mighty. CBN, mind your business. QED.
Muel Oluwatobi Adejo The problem is government keeps saying it would crash but has never given a reasonable example of the way it’s gonna crash. Bad belle government. How will it crash when the monies are not being paid to a central account? Mind you MMM isn’t even a busin…See more
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Progress Godfrey My problem is, all the wealthy men I know took risks and lost money at one time.
But here I see poor men who don’t wanna loose money and so they remain poor.
It’s your choice though, but certainly you’ll regret if you register late!
Cajetan Uzoma MMM is for real. Government and banks do not want them because they have created more opportunities round the world. Is it only in Nigeria? Please be wise and make for yourself. No fraud in it, I am a living testimony. Is for real and never a fraud. Let’s fight this course for our. Own good
Adeogun Aderemi Abideen Na lie, if it’s the only scam that can make the less privileged masses have food on their,I will prefer to scammed by MMM’s practice and norms than Nigerian leaders method scamming into their pockets at the expense of the poor masses
Nseabasi David Foolish CBN with their dump brain. They are afraid of MMM Nigeria. This is a global online business not an individual. Pls go and improve in your stone age monetary policies that has gripped our economy. If it is a Scam na your money? Abegi make una go sleep for bush, mbok.
Adeyemi Adetunji Since Nigeria’s government don’t knw how to manage the poor masses then let MMM take over ur constitutional duties on ur masses and see who wins at last, governments,banks are losing already…….
Nura Yusha’u Abubakar What the he’ll wiz these cbn, second and alike, this is grt opportunity to teaming youth and retired people and Evn the banks recieved something from MMM when it come to inter banks transfer why all this stupid noise, I got help last week, and I provide help at the same time, MMM come to stay either you like it or not! Here we are.
Olınze Ndubuisi Paul Let buhari and his cabinet crash, let mmm live for ever. If Buhari, emefuna and der cabinet is as transparent as MMM Nigeria will not suffer buhari’s inflicted recession. But let buhari thank God for MMM that came in at d right time to help Nigerians if not they would have seen revolution in this country. Segun Olusanjo Aworinde basterd, God will punish those who says MMM is fraudulent scheme,when government are unable to help the whole masses,MMM is there bringing poor to a better life,when you thief are there claiming the ownership of national cake as ur father’s property.
Osita Bright Nwachukwu Forking naija for you, dey can’t stop evil in d land rather dey continue to admire it. Tell me who is to stop dis MMM if dey are not good for d mass. I don’t know anything about the company but our Government should stop deceiving us dey have rights to stop and right to allow the company to run in the land.And not be aware.
Egede Ephraim Ndubuisi Mmm Nigeria is a favour that comes to rescue us from Pmb madness, cbn is a ful time fraud of its own, the enemy of mmm Nigeria will die off before mmm, may your prayer to mmm comes back to you in hundred folds, up mmm
Perfected Newlife Izuchukwu Hmmmm the government should stop them…. Why are you telling us ? You allow them to take advantage of innocent citizens …. I just pray it wouldn’t crash in this hardship period.
Tobby Maxwell Why you cbn sell dollars to banks 312 and we the mass buy at the rate of 470
IS this not open fraud..
Instead of minding this economy issue..u are talking about mmm
Imaga Johnson Chigozirim I country that pride with the level of suffering that her citizens are going through. It’s paining them that we have seen hope. They feel like dying.
You can only bewitch the people that give you the opportunity.
Long live the only hope of citizens of this fraudulent administration. …See more
Efe Collins MMM is real…and I am getting paid..it has changed the lives of countless jobless youths and sacked family men and women…it has removed shame from the face of families who had to remove their kids from school and put food on their table…the govt, …See more
George Alex CBN is speaking on behalf of federal government, this people no send us as citizen, they no want our progress, they no care for us and now that God has used MMM to make us smile they want to spoil it. The thunder that will fire federal government will come from redemption and mountain of fire camps respectively… MMM
Omoniyi Adeomo Why won’t Nigerian government be angry with MMM and call it scam? MMM is creating wealth for Nigerians where our government has failed in her corporate responsibility to her citizenry. We will resist any government initiative to kill MMM without a commensurate empowerment initiative of government for the downtrodden of this country.
Ignatius Esu if mmm is fraudulent, then the federal government of Nigeria and CBN are more fraudulent, yes i mean it. for instance, i have been at home years after graduating yet no job , does Nigerian government want me to go to the street and start stealing to feed myself? UP MMM. shame on CBN and our government
Christian Samcy CBN, when did u start caring for nigerians? Some people hv decided to cry why others said they will laugh, why not leav them alone? Pls face d economy and leav suffering and smiling Nigerians alone.
Dave AO True. They setup accounts with ur own people in ur own country ask u to deposit money into there account no office and the pay who the feel like 3 month u shall recall back my word and all the billions wil be stole away from ur country and wil not hear from them again
Alozie Nelson Any person or institution trying to destroy MMM for us must surely collapse.
If MMM is fraudulent which belong to the ordinary people, what of the outrageous interest rate that banks charges which they used to over enriched themselves and loan to the elites what should that be called?
Ekeokwu Ogochukwu C @ prince mba MMM is a purely life changing community dat gives u 30% of ur contribution monthly. Inbox me 4 more clarification and d best way forward
BigJosh Ayegba To hell with the cbn and its likes! How many jobs have they created since the beginning of this year? Infact I expect the cbn to applaud mmm and encourage more nigerians to participate inorder to reduce dependency, crime rates, and the high the level poverty that has overtaken the land, instead they coming out to display their foolishness and greediness by telling us that mmm is fraudulent.
John Olowu Sorry,Mrs CBN,I think it is the other way round,Government is Fraudulent.For now it is paying so let’s wait till then.Just like u and your government has turned Nigerians to Paupers.Shame.
Abayomi Orifunmilade Instead of this CBN to tell banks to reduce the interest rates for people to develop their businesses she is busy castigating mmm. Leave Nigerians alone to carry their own destinies in their hands. Nigerians have been enjoying this programme since when? Is she now waking up?
DE Kelvin King CBN AND FG, PLS GO to hell fire and stay forever, so I will continue making my money from MMM, mad people ,enemy of progress, if na tax you people want, then stop complaining and come to me direct, I will pay you from the money I make from MMM, on behalf of MMM, shameless CBN
Adebayo Matthew Olatunji Am coming to make my own to, non common sense people, instead for them to make good enquiries about the MMM and ensure they make it standard and stay if it was not, it’s the advice not to do it they’re giving masses, they are only feeding three meals daily and masses are dying of hunger every day, and they want us to steal.
Corner Stone Nigeria government are foolish instead of them to learn from mavrodi and pattern their economic idea of wealth distribution on d mavrodi principles they are talking rubbish
Ibikiri Melvin Eferebo If mmm robbed Peter to pay Paul, has Peter complained that he’s been robbed. Peter has never never complained, mmm has come to stay. I don’t know why dis guys are crying wen nobody is bereaved.
Charles-Mary Ikpeme This warning serves no use. Simply proscribe or outlaw it. Dont have to wait for them to achieve their aim of defrauding Nigerians before springing into action.
Olayinka Boss Oladipo Continue to bad mouth it nd let me continue to make my dough from it….MMM 4 LIFE.
Kobani Eric MMM is here to alleviate the pains inflicted on Nigerians by PMB and his incompetent economic team…
CBN should allow those doing MMM to die they’re type of die Biko
Edwin Agada Na them get their mouth let them run it as they so desire !!! As for me and my house hold we will continuing PH and GH untoor!!! chikena
Preye Opukiri I am an active participant of MMM Nigeria and i am telling you that MMM is not a scam in any way.Ve made hundreds of thousand in naira from MMM. MMM is very real and sweet. Beside y is it that pple want to swallow panadol for me.if MMM is a fraud make una let us be.long live MMM Nigeria
Engr Sola CBN should keep short their mouth. MMM is better than all Nigerian fraudulent banks.
Ifeanyi Clement Thief’s has spoken….we pay ourselves not government…. Let us be Mad people everywhere
Remedy Ozoemena Igwe-Nwuruku Why did you allowed them to operate in the first instance. Why don’t you stop them instead of all this ranting here and there.