MMM Nigeria returns, promises to pay poor before the rich

Money doubling scheme, MMM Nigeria has resumed after a month-long hiatus, according to a statement on the Ponzi scheme’s website.


The website was initially meant to resume payments on January 14th, but it seems its handlers decided coming back a day earlier to add to the shock value.

“This is to officially inform you that MMM Nigeria is open for business a day earlier than promised! Let’s go there Nigerians,”  a post on the scheme’s official Twitter handle read.

MMM had earlier told members that they will now be able to pay and receive money in bitcoins, the worldwide accepted digital currency. MMM cites bitcoin’s steady growth in value as a reason for participants to adopt the currency.

“In a month, not only 30 percent will be added to your initial amount, but, it can increase itself due to Bitcoin price growth,” MMM’s letter to its participants partly reads.

MMM Nigeria suspended its operations on December 14, throwing its more than 3 million participants into utter  panic.

Find below a copy of the statement posted on Twitter :

MMM Nigeria

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