Jubilation as MMM Nigeria Returns

By Dipo Olowookere

Many participants of the popular Ponzi scheme called MMM Nigeria were happy as news of return of the programme hit the blogosphere on Friday, a day earlier than the planned return date.

Last December, administrators of the scheme blocked accounts of participants in Nigeria, promising to return on Saturday, January 14, 2017.

However, this was doubted because countries where the scheme had had issues in the past, it started with the same format.

But some of the participants were hopeful that the scheme would return, while some inpatient ones had taken drastic measures.

“This is to officially inform you that MMM Nigeria is open for business a day earlier than promised! Let’s go there Nigerians,” operators of the scheme wrote on MMM Nigeria’s official Twitter on Friday.

However, the scheme is returning with new rules.

Instead of the usual Nigerian local currency, the Naira, being used, participant will now use Bitcoins, a digital currency, for transactions.


“Dear members,

“The holidays are over, and we’re now open. Just as promised. (You might have already noticed that we always stick to our promises. Actually, we promised to be open on January 14, but we’re open now, January 13, as you can see, which is a day earlier. (Well, I hope, the members of the System will forgive us for that.

“It’s related to the hysteria raised by the authorities and the mass media around MMM. By joining forces, they’ve managed to nearly give the members of the System a heart attack and have frightened them out of their wits. Poor souls don’t know what to expect. Will we open again or not?

“This is why we’ve decided, considering the situation, to reach out to the members, reassure and cheer them up by opening a little earlier. After all, Together We Can Change The World.

“Here we go,” MMM Nigeria posted on its website on Friday.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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