Nigeria Mavrodians’ agony on MMM fever

The social media and indeed Nigerians woke on Tuesday morning with the news of highly talked about social financial network popularly known as Mavrodi Mundial Moneybox (MMM) has been frozen for one month. In this analysis Niyi Olaoye speaks with participants on the possible negative pain on Nigerians if the rumour of its collapse is true.

Participants of the money making scheme who refer to themselves as Mavrodians couldn’t bear the rude shock on Tuesday when the news broke that MMM has been frozen for one month even as preparation was already in top gear for having a yellow Christmas and New Year in the midst of economic recession.

It is on good records that since the advent of the scheme in Nigeria over a year ago, MMM had, in no small measure,  increased the number of millionaires produced as result of the money making scheme.

While participants are holding their nerves and hoping come January 14, as promised by the faceless organisation, most the questions participants are asking are why weren’t they pre-informed before the action since they claimed that it had happened in time past?

Some asked that when Mr Mavrodi who was said to have written a letter to the Federal Government, why didn’t he take time out to write Nigerians?  Is it true that the scheme crashed in South Africa this same way? What if it’s actually over?

The faceless organisation has, in no doubt, put food on the tables of many Nigerians up till this moment and more timely is the advent as the present economic recession has led many people to taking to the ‘fast money-making schemes’.

Until Sunday, December 11, 2016, when a letter written by the founder, Sergey Mavrodi, made the rounds and by extension, served as a boost and source of confidence for Mavrodians to keep firing all cylinders, but just 48 hours after, message, titled ‘One-Month Freezing of Confirmed Mavros.

The letter reads:  “As usual, in the New Year, the system is experiencing heavy workload. 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 can see, there haven’t been any payment delays or other problems yet, but… it’s 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 is evident. We need to prevent any problem during the New Year season, and then, when everything calms down, this measure will be cancelled (which we will definitely do).

We hope for your understanding… signed by the administration”.

In a bid to douse the tension among participants, Nigerian Number One Guider, Chuddy, wrote: “Hi Mavrodians, as we all must have seen in our PO of the news on Mavro frozen for a month.

This isn’t the first of its kind. It happens when there is excess panic in the system. It was placed on Zimbabwe and after the duration it was lifted.

This idea is brought forward to calm the members down on intending Threat the Federal Government (FG) and mass media has planned on the system.

It doesn’t mean that there is no more money in the system because in my PO now as a Guider, I have about 2 million+ PH orders. And I know it would be like that in most Guiders PO too. So you see!!! Money to pay out the orders wouldn’t be a problem.

But the Admins needed to apply measures to sustain the growth of the system. In order to fight issues that may arose as a result of Massive PH already this Christmas.

Issues like, uploading of Fake POP, non confirmation of orders and the rest. So, this is the best strategy to put FG to shame.

We all need not panic as our money is in safe hands. Check out your Mavros and you see your money is intact both for 30 per cent bonuses and 20 per cent accrued bonuses.

You can keep PHing if you have the money, though you will definitely not be matched until Mavros are unfrozen. But that will really go a long way for you as your PH made this December will surely be giving you extra 20 per cent after paying out next year.

No cause for Alarm. We live to expect a stronger MMM by January 14th, 2017”.

Since the announcement of freezing of MMM system, participating Nigerians have expressed mixed reactions and are confident that though Christmas and New Year celebration may be at the low ebb, come January 14, 2017, they’ll be having their own Christmas and New Year celebration.

A peep into one of the largest MMM groups in Nigeria revealed how Mavrodians are reacting to the development.

“I felt a pang of I told you so. I heard that on Sunday while going to church. I was really worried I almost didn’t want to show up in the office.  You will just call in sick but it’s going nowhere with all my worries. I felt relieved now no matter the outcome I won’t die”, Bukola said.

Samson, a risk assessment analyst was not so comfortable with the development. “I’m not scared of the outcome of the said pause mode. If it goes real good, fine and if it turns the other way, life goes on. But what I want to clear off is the silence of most guilders all over the group I belong, and I hate swing copied letters not regarding the sources, they seems to be giving the same prototyped messages.

“What is the essence of being a guilder if they can’t influence decisions that will affect the community? Leadership starts from pedestals like this. If they claim they have enough mavro to pay, then they should pay off and stop jeopardising people. Media will mock, banks will mock and even Federal Government, I’m very sure is celebrating this mourning season.

“The best way to make these agents stop mocking us is keeping to January 14 and if possible, they should lift heir ban and allow people withdraw their money and celebrate the Yuletide. You can’t claim to be helping us when you want us skilling and frowning, not in Christmas, not in holidays like this.

“Guilders and representatives from Nigeria shouldn’t just take decisions that are indefinable. Later, you will blame presidency for recession; from now till January 14, we may experience recession even more bitter than Buharis. I know we are risks takers, but there is always a risk assessment to every potential risk. Where is this assessment? Where are the control measures? Why are our representative in Nigeria and guilders doing? Its spare money…but it’s worth living for,” he said.

Ayo was of the opinion that “if it’s not for our good, this thing won’t happen because it’s just last week the holidays/Christmas bonus was introduced and the instant matching of PH, and believe me, people are really set for the bonus, so they keep PH and paid even when the matching was instantly they are ready to leave heir mavros for a month. To me I think the Admin is up to nothing but good measure.”

“Initially, when I saw the news this morning, I didn’t understand and fear began to set in until my guider explained better. Since such has happened before in Zimbabwe, I have a strong believe that we will definitely come out strong here too. It is not that easy though,” Omolayo said.

Lizzy stated: “When I heard the news I wanted to faint I logged in to get help, it was telling me invalid entry I just laid down here staring at ceiling…”

While evil day is postponed, in a month’s time, about three million Nigerians will take a position. Let’s keep our fingers crossed.

The Central Bank of Nigeria (CBN) has consistently cautioned the citizenry against investing in the ponzi scheme, Mavrodi Mundial Moneybox (MMM).

Few days back, CBN Director of Development Finance Dr. Mudashiru Olaitan warned   Nigerians to be careful in investing their resources, especially at this period of economic recession.

According to him, the nation is blessed with many resources and businesses that could bring returns at minimal risks, urging people to embrace agriculture instead.

Olaitan said that the Ponzi scheme has become a national embarrassment with the scheme’s operators insulting the Nigerian government just because it cautioned the people over the scheme.