Some youths in Nigeria celebrate the returns of the controversial Ponzi scheme MMM

  Some youths all around the Kogi state
capital city of Lokoja on Saturday were at
several beer parlours to celebrate the return of
the controversial Mavrodi Mondial Movement
(MMM)
The Ponzi scheme, banned in Russia where it
originated, froze the accounts of 3 million
Nigerian members in December, causing turmoil everywhere.
The scheme returned yesterday, a day before its
initial comeback date of 14th January.
Most of the revellers were students of the state
owned polytechnic in Lokoja.
They expressed surprise about the comeback of
the pyramid money investment scheme, that
promises players 30 per cent return, a day
ahead of schedule.
Segun Ademola, a student, said he had invested
over N300,000 in his MMM account.
He said he was glad to have the operation
bounce back. He has a lot of high hopes, that
he would reap his investment.
” I am the happiest person on earth today,God
bless Mavrodi,”he said.
Fola Owobo, another student, said she used her
school fees to provide help to some other
person she did not know at all.
She said she was confused when the scheme
was shut down on 13 December 2016.
She was relieved now that the MMM was back in
operation.
Michael Olubola, another student said he has
learnt a lesson. He said as soon as he collects
his money, he would never try providing help
again.
He said he almost had hypertension in the last
four weeks.
He urged his colleagues to shun free money and
embrace hardwork.
He said the free money promised by MMM
almost caused him his life.
Yet another student, Wunmi Atte, said she was
convinced that the MMM was a fraud.
“Sooner or later it would fold up”, she said, as
she wondered where the scheme gets the
money it promises members.