MMM Nigeria freezes accounts of participants makes bogus promises

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The MMM Ponzi scheme in Nigeria has again frozen all Mavros with a promise to restart the programme soon.

The reason given for this is that the organisation has not been able to overcome the consequences of the crisis triggered by the authorities and mass media at the beginning of 2017.

The company stated that despite all their efforts, the problems have been accumulating and, as a result, MMM has to start again.

They also say that they want subscribers to understand, the organisation, and explained that all old Mavros acquired before the announcement was posted are frozen adding that they will be bought back gradually as the system develops.

“All transactions with new Mavros (acquired after this announcement is posted) will be carried out on the usual terms with no restrictions,” it stated.

Apart from this, the statement also noted that some amendments have been made to the rules, one of which requires Mavros to now start growing at the moment the request is confirmed and not at the moment it is created, as it was previously.

“Consequently, bonuses will start growing at the moment when the main contribution is confirmed (upon which bonuses have been rewarded on). Mavro-50% for the first contribution will not be available. We launch three-month contributions of two types: 40% and 50% (see more details in WHAT IS MMM),” it added.