January 17, 2017 – Bad Market: MMM Nigeria Freezes Account Of All Confirmed Mavros, Investors Still Unable To Request Money
72 hours after it returned 24 hours before the scheduled date, MMM Nigeria has yet to pay any subscriber, according to TheCable.
After its return on Friday, some MMM participants who spoke with TheCable said although they were able to request for their money, they have not been paid as accounts remain frozen.
Kolade Ogunwande, who said he put in N100,000 in November 2016, and referred two other people to the scheme, said his money had appreciated to N214,000 as at last Friday, so he placed a request for it.
“They have not paid me anything, but, they said we should be wait patiently to be matched with participants willing to invest in MMM. I have no choice than to be optimistic,” he told TheCable.
Lara Makanjuola, who also invested N100,000 in the scheme, said she was expecting N186,000, but she had not been able to request for the money.
She said anytime she requested to get help, the website said “Mavros are not available for withdrawal.
I was supposed to collect my money two days to when accounts got frozen, but, the person I was matched with didn’t pay.”
An Abuja-based couple, who requested not to be named, said they invested over N2 million in the scheme and they have not been able to withdraw their money.
As at yesterday, when any participant seeks to withdraw, the website puts up this message:
“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 can see, 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.”