Kogi Poly Students Celebrate Return Of MMM

On Saturday, some youths were at several beer parlours at the Kogi state capital, Lokoja, to celebrate the return of the controversial Mavrodi Mondial Movement (MMM).


The ponzi scheme which was first of all banned in Russia where it originated, had the accounts of 3 million Nigerian members frozen in December last year, while causing panic and anxiety.

The ponzi scheme returned yesterday, a day before its initial scheduled comeback date of 14th January.

Most of the revellers were students of the state owned polytechnic in Lokoja. They expressed their surprise about the comeback of the investment scheme that promises 30 percent return, a day before before its scheduled date.

Segun Ademola, a student, said he had invested over N300,000 in his MMM account.

He said he was glad to have the operation bounce back. He has a lot of high hopes, that he would reap his investment.

“I am the happiest person on earth today,God bless Mavrodi,”he said.

Fola Owobo, another student, said she used her school fees to provide help to some other person she did not know at all.

She said she was confused when the scheme was shut down on 13 December 2016.

She was relieved now that the MMM was back in operation.‎

Michael Olubola, another student said he has learnt a lesson. He said as soon as he collects his money, he would ‎never try providing help again.

He said he almost had hypertension in the last four weeks.

He urged his colleagues to shun free money and embrace hardwork.

He said the free money promised by MMM almost caused him his life.

Yet another student, Wunmi Atte, said ‎she was convinced that the MMM was a fraud.

“Sooner or later it would fold up”, she said, as she wondered where the scheme gets the money it promises members

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