Has MMM crashed? This is the question on the lips of many Nigerians who subscribe to the almost incredible money–spinning investment scheme called Mavrodi Mondial Moneybox.
MMM has announced that it has frozen all accounts which in its peculiar business language, it calls “Mavros” for a period of one month. Now, many Nigerian subscribers are devastated and wondering how a scheme touted as providing support for the needy would freeze all payments during Christmas season.
MMM’s statement conveying the puzzling development and titled: ‘One-Month Freezing of Confirmed Mavros,’ read:
As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you cans, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.)
Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.
The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))
We hope for understanding.”
For some people in Nigeria, MMM had become something of the miraculous way out of financial hardship brought about by the country’s economic recession. Subscribers of the scheme believe it like a religion. They are obsessed by it and can swear by it.
Curiously, even with the announcement, a group calling itself MMM Nigeria Support went on Twitter to urge Mavrodians to keep calm. It said: “Dear Mavrodians, keep calm. MMM Nigeria has not and will not crash. This is a step in the right direction. Continue to PH as usual. MMM Pays.”