MMM battles to console panic-gripped Nigerians


The operators of Mavrodi Mondial Moneybox, MMM, a ponzi scheme, are battling to console millions of panic-gripped Nigerians.

Some three million Nigerians are believed to have invested in the scheme.

MMM on Tuesday, frozen by one month, payments of both capital and 30 per cent interest accruing to investors.

The announcement jolted Nigerian investors and prompted an investor to contemplate suicide.

A man in Makurdi in Benue state of Nigeria was reported to have ingested insecticide after he learnt of the development

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