How do you feel about the MMM freeze?
MMM is a scheme that promises 30% returns on investments and has grown rapidly popular among Nigerians in the past few months. The Central Bank of Nigeria, (CBN), has warned Nigerians on the scheme which has put on hold its accounts and many Nigerians are confused about the “trapped” monies. Daily Trust spoke to some […]
MMM is a scheme that promises 30% returns on investments and has grown rapidly popular among Nigerians in the past few months. The Central Bank of Nigeria, (CBN), has warned Nigerians on the scheme which has put on hold its accounts and many Nigerians are confused about the “trapped” monies. Daily Trust spoke to some Nigerians about the scheme.
Ahmed Joel
When I tried to log into the website it crashed and I was devastated. Although one thing I always bear in mind in business is that it is all about risks. I have already set my mind that there are two things involved in business; you either lose or gain and the only upside I see to all this is that I have collected my returns twice. So I am choosing to believe that MMM will be up and running again by January just like the website said. I take everything in good faith provided that I am alive and in good health.
Ahmed is a businessman Mary Nneka Nnwako
MMM has disgraced and disappointed me. I made up my mind to enter this business to make a little money. Some of the money I borrowed from my friends, neighbours and relatives too and we were hoping that once our capital and returns came through, I would use it to pay them all back and keep the earning but every disappointment is a blessing. If MMM doesn’t come back in January, I honestly don’t know what I will do. When the calls will start coming in about the money, I will have no answer to give.
Mary is a salesgirlKingsley Anokam
I was once a participant but I quit after a while. I withdrew my money and left for good. My decision was based on my guts. If my money was still there when the website went down, I would have felt horrible about it because there would have been a lot of things I needed to do with the money and I would have no access to them. I am really glad I quit before it was too late.
Kingsley is a taxi driverGozedike Gipraise
I was not a participant but my sister told me all about it when I came back from overseas. When I asked her why she wanted to join, she replied that she was going to make money in a month. After she briefed me on the scheme, she tried to convince me and I refused to invest because if something happens to my money I have no means of getting it back. It was a risk I was not willing to take. This is a place that doesn’t have an office and the people that I am transacting with, I have no idea who there are. What I feel about the website freeze is that if it isn’t unfrozen after that one month as promised, it will be a lesson to those who got involved and I genuinely believe they got what they deserved.
Gozedike is a logistics office Doris Akande
I don’t feel bad about it at all because I have faith it is going to come back in January. I would have used the money this Christmas but if you look at it they are actually keeping it for me so it’s a savings of some sort. I have benefitted a lot from MMM and once this break is over, my wealth would have increased a lot by then.
Doris is a businesswoman