The
freezing of confirmed accounts by the leadership of MMM has been
estimated to have caused Nigerian participants a gargantuan financial
loss hitting billions of naira.
As thousands of Nigerian participants and investors continue to
groan and moan over the reported ‘crash’ of the popular ponzi scheme,
otherwise known as MMM, investigations has revealed that one Chuddy
Anayo Ugorji, popularly referred to as “The MMM-Nigeria number one Guider,” may have allegedly raked over N5billion within a year from the wonder bank.
An analyst says about 3million Nigerians lost in excess of
N8.765billion to the scheme. Many people obtained loans and some sold
their properties to be able to participate in anticipation of funding
the Christmas and New Year with the profit margin that was to come with
their principal.
An Abuja-based lawyer dipped his hands into some client funds in
the chambers to invest N1million just 24 hours before the crash of the
scheme. Several official institutional warnings were issued about the
dangers inherent in the scheme which was known to have crashed in other
nations of the world.
According to a social media pundit, Olushola Oke, “Chuddy is
the head Admin of MMM, he is the one who brought MMM into Nigeria, he is
the one who runs things at MMM just the way Mark Zuckerberg runs
Facebook. People fail to realise that a Website cannot create itself, a
human being has to see through its day to day activities and Chuddy is
the one behind MMM and the same Chuddy is also a participant of this
same MMM and this same Chuddy is also the number one Guider on this same
MMM.
“Don’t you already see that there is already A Red flag? He
even collected a whopping N6million payment on the 8th of December! As
at the last check, 94,774 persons had bought into the scheme.
The anticipated Christmas and New Year celebrations in Nigeria will
be marred by a grinch following this disturbing development as the fate
of MMM subscribers hang in the balance till the 13th of January, 2017
when the accounts could be restored as stated by the circular issued by
the leadership of the pyramid scheme.
Source: Gong News
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