MMM Nigeria, the scheme where members invest and are paid back between two to four weeks with thirty percent profit, has been frozen. According to the management of the scheme, the accounts were frozen due to excessive withdrawal. A message from MMM administrator states that the accounts will be frozen for a month. A message by the operators reads:
“Dear Members! As usual in the New year season the system is experiencing heavy workload. Moreover, to deal with the constant frenzy provoked by authorities in the mass media. The thing is still going well; the participants feel calm. Hence on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.”
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