CBN Warns Against Depositing Money in ‘MMM Nigeria’

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Nigerians have been warned by the Central Bank of Nigeria (CBN) not to deposit money in any institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC).

The bank through its the acting Director of Corporate Communications, Mr. Isaac Okoroafor, warned especially on the trending MMM Nigeria community.

Okoroafor said: “At times like this when the economy has suffered some decline, Nigerians should be very careful with those they deal with. Any institution that is not licensed by the CBN to accept deposits should not be given money to keep under any guise.

“We can vouch for the banking system. The deposit money banks are the only licensed institutions to take deposits. If you need to deposit money in any form, go to any of the deposit money banks and put your money, you can buy fixed income instruments or invest in stocks.

“These people always come with very interesting propositions. These are fraudsters who are just out there to collect people’s money and run away as soon as they hit their target. There is no insurance because the NDIC does not even protect them against such risks when they occur”.

“There is a new Ponzi scheme called ‘MMM’ that is spreading like wildfire. A lot of young school leavers have already signed on to this scheme, which the promoters are marketing as a “mutual fund””

“MMM offers its participants 30 per cent growth rate per month for each and every donation they make into the system… MMM belongs to the community, its sustainability depends on the activities of the people that make up the MMM Nigeria community, that is me and you and other MMM Nigeria participants,” 

Typically, what promoters of such pyramid scheme do is that they offer rates far beyond what is obtainable in commercial banks. This would always attract a lot of people who would always rush in to stake their funds. But, those who join the scheme late would always be the ones to lose their shirts as they would have been convinced by those that joined earlier to invest huge amounts of money.

SEE ALSO: 11 Things Which Prove MMM Is A Ponzi Scheme

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cbn, MMM

133 Comments

  • This method of media you want to use to stop MMM has failed, the country economy is bad, there is high level of unemployment. The quiet and suffering Nigerian now see a means to cushion effect of this gross economic mundane.
    You are now shouting warning.None of the MMM community is complaining, there is no issue with MMM. Please stop saying what they don’t know about it. Note you don’t deposit money in MMM
    Long live MMM!

    • There are 2 now, Mmm and Trade Invest. MMM pays monthly and Trade Invest pays daily. With 200,000 you can get 350,000 in 3days for real in Trade Invest. And for MMM you will get 30percent in 30days. You can invest 400k and get 750k with Trade Invest PLC. Add me on facebook Vivian Onahi Ogor for a better understandings and to put you all through

  • Hello, I lost money in savannah bank, my funds were secured my ndic, till today my money hasn’t been refunded!!! Cbn, una try! Thank you. We will do what’s best for us!!!

    • please has any participant of MMM reported that the system has defrauded him/her? So why is CBN sweating over nothing . Infact not only CBN let World bank self join ,we are not moved. Pay my sister’s money in Savannah and we will know you have ordinary Nigerian at heart !!!! If not keep quiet.

    • Good evening all,
      MMM is a great business but please do not murder CBN. Before you actually do that, take a brief moment and read about MMM on Wikipedia. It is not a new business, it is much more older than you think.
      Thank you and stay curious

  • MMM is our choice and the money involved is ours too, busy body cbn. When you are employing into cbn you employ your children and throw the police jobs to the masses. Keep your jobs and let’s keep our MMM. Nigerian youths know better today. Concerned ko corner side ni

  • Hahahahahahahahaha. You people are just so funny. Who will ever have MMM and still look for Federal Government work? Abeg mek una go rest, MMM is God sent in this time of financial crisis. Things are not getting better but MMM participants are the only set of Nigerians not complaining. We are not economising over here but leaving large.
    Media please do you have any other storry? Let’s hear better things abeg!!

  • When PMB meets his promise of 1 naira to 1 dollar, when our political leaders have a little conscience and steals little money instead large sums that can provide for 3 to 4 states in Nigeria or don’t even steal at all, when we stop recycling Presidents, Governors, and different political leaders in this Nigeria and vote for new people with real vision, when commissioners and ministers create opportunities in their various arms, when top persons in industries give the people that merit jobs their job without remembering one family member of friend, when companies stop laying people off from jobs, this list can go on and on, when all these has been met, then CBN, SEC, Government, etc can tell us mmm community how to risk our little money.

  • Let me submit here that CBN is keeping dollar exchange at 198naira to a dollar while the parallel market sells it at 380-410 naira a dollar. Many rich and higly connected are purchasing dollars fron CBN at this rate and selling in the parallel market. come on isn’t that enough for CBN to tackle . what concerns you with ordinary Nigerians helping themselves and being rewarded for it. We are MMM participants and together we stand.

    • There are 2 now, Mmm and Trade Invest. MMM pays monthly and Trade Invest pays daily. With 200,000 you can get 350,000 in 3days for real in Trade Invest. And for MMM you will get 30percent in 30days. You can invest 400k and get 750k with Trade Invest PLC. Add me on facebook Vivian Onahi Ogor for a better understandings and to put you all through

  • MMM is a God sent programme to alleviate poverty . The rich men are scared that soon the poor will be as soon as they are without much struggling but my simply helping a brother or sister and be helped in return. We are living Bible standards which says give and it will come back to you, good measures pressed down shaken together and running over.

  • Wow nice write up but all your claim and fact are wrong about MMM, have you ever imagine how Federal government of Nigeria through CBN regulation and Nigeria Banks covet our money through transfer and ATM withdraw fee. Imagine I want to withdraw money which I was the owner into the first place at any of the bank which is not my bank you go ahead to take #65 per every withdrawal transfer from other bank to another #105 and I can imagine how many Nigeria do this activities with verrious Banks and how much you make from us.. My question is this have any of MMM member come to you for complain or request you to tell us what we all know.. Pleas leave MMM for us and please face the remaining people who are not a member of mutual fund of MMM and how they will benefit from the curupt minded people we have has our leaders … OMG live MMM

  • This is rubbish CBN u better keep shut and no one can discourage us from doing MMM bcoz Mavro pay our bills. Together we change the world

    • There are 2 now, Mmm and Trade Invest. MMM pays monthly and Trade Invest pays daily. With 200,000 you can get 350,000 in 3days for real in Trade Invest. And for MMM you will get 30percent in 30days. You can invest 400k and get 750k with Trade Invest PLC. Add me on facebook Vivian Onahi Ogor for a better understandings and to put you all through

  • Another propanganda from CBN! OGA CBN COME REGISTER UNDER ME FOR MMM AND AFFECT LIVES! THIS IS THE REASON WHY WE ARE ON EARTH!

    GOD BLESS BUHARI
    GOD BLESS MMM
    GOD BLESS MAVRODI
    TOGETHER WE CHANGE THE WORLD

  • Long live MMM
    Nigeria media is the worst media in the world nothing like investigative journalism so long as brown envelope has Exchanged hand
    The writer of this trash is complete mumu he or she has been bribed to tarnish the good image of mmm
    Thank God we know better

    Mumu dey there dey collect peanut from the wealthy to write trash sit don make them dey deceive u while your mates make money for themselves helping each other, do you think the rich that controls the wealth of nations and the world at large want you to be rich like them.
    Why do you think that somebody like me despite their plan to discourage the public from join MMM almost thousands are join everyday as a member the number of people on queue with their money is alarming I have been on queue with some of my friends for almost 20 days without nobody asking for our money do u know what that means? It mean there a hell lot of people on the line with their money to help someone in other to be helped by another participant of the community,
    While my money is in my pocket for almost 20days now it’s yielding reward of 30 percent for 30 days which 20 days are gone bye already simply by indicate interest to help someone, that means I can actually release the money today if am matched with someone that need this money and in the next 8-10 days time I will be getting help also with my 30 percent reward and other bonuses that follows it
    Forget about their fake article they are bribing some hungry press people to put up against Mmm
    We are wiser now we have tested and we know what is scam and what is not
    But first let me ask u what happenes to some banks that closed down in this nation like savanna bank and it’s likes did their clients get their deposit back?
    What do you think will happen if everyone In this nation go to our various banks and ask to withdraw our money the same day at the same time do you think the banks will be able to stand the pressure?
    Now do you think that the money you deposit in the bank today is the same exact money they will give you in 3 days time if go back to the same bank to withdraw? If you think it is the same money you brought then you must be a dummy
    The real scam is the stock exchange market, that many Nigeria was advice by the so called financial expert to but shares and today we do not see our money neither have anyone received devidence for our shares, that is the real scam, the real scam is Nigerian paying for the services they did not get, paying light that we did not use is the real scam, power supplies by power holders of Nigeria is the real scam, the real scam is football betting stations that fills our streets today and our youth are dying in addiction of gambling trying to win some money to the deteriment of another person loosing his or her own money and thereby using their school fees, stealing their parents money to gamble and the government are collecting tax from them knowing fully well what is obtainable in gambling that is the real scam my brother, the real scam is baba ijebu local gambling in mini shops that you see all over Lagos state that is like the their bigger counter part controlled by the government the one they called national lottery with their head office in Abuja that is the real scam, they know if people know how to manage their money and make a living out of they won’t be financial salves to them again in their same project they have across the nation and that will be a bad business for them.
    bribed media by the wealthy men that controls the money in our society to write that mmm is a scam SCAM MY ASS
    we the member of mmm understand that in every life enventure there is an atom of risk Including your money that is deposited in the bank, but I can categorically tell you that your inability to take risks in life because of fear is the riskiest of all risks, do you think the rich really cares about you? all they care is how to exploit you for their own gain for a peanut they call salary.
    The power of unity is highly exhibited by the programmer of this life changing system
    Do you know that while you still have your money in your pocket it yielding rewards (interest) for you? the money you pledged to help somebody with, it might be with you for almost 15 days sometimes more but as soon as you ask to get help from the community based on the amount you are in titled to, within some hours the money will land in your account from another member that have been waiting for an opportunity to help someone.
    In mmm u will discover that money is just ordinary paper that the government print at will and in mmm community we print our own money because no bank can give u 30 percent on your savings even in one year, I love mmm Nigeria, for personal guidance get in touch on whatapp 08053306433
    It is unfortunate that sometimes some sponsored media will call us name but I trust my people before they finish the trash in their mouth we put them in their place by telling people how mmm has change our lives, at least no law prohibit me from rendering financial help to anybody I chose to,
    I owe no one apology to anybody,
    It’s all about give and it shall be given unto you, even Baba God is in support of what we are doing, enough of suffering, enough to the unfair financial system created by and for the rich, where by they remain richer and the poor poorer,
    With the power of unity we the members of mmm Nigeria community is doing what seems impossible.
    It will take nothing for a million people to donate #50 each to you but that stress less move by a million people can transform your life for good, that singular move of just a million people donating just 50 naira can make u 50 million naira richer than you were before, I call that the power of unity.
    In mmm we help each other stress-free and it goes a long way to better the life of everyone in the community
    This great mathematician named Sergei Mavrodi made it possible the supper rich in the world tried all they could to intimidate him but he has succeeded in putting smile on people face and he is still doing it
    Enough of my long talk
    MMM is real join us today and together we determine how much balance our bank account will be, I started with just 20 k today I control 500k+ helping people and been helped by others when am due. for more help on mmm reach on whatapp 08053306433

  • Oga CBN Please in case if you change your mind to register for MMM Please register under me (ifeanyichukwueze@yahoo.com)
    Let come together and pay bills with MMM Money.

    its my risk!

  • Your comment is awaiting moderation…

    Long live MMM
    Nigeria media is the worst media in the world nothing like investigative journalism so long as brown envelope has Exchanged hand
    The writer of this trash is complete mumu he or she has been bribed to tarnish the good image of mmm
    Thank God we know better

  • This the worst they can do thank God we know better enough of the rich controlling the poor and papertually subject the poor to financial slavery
    South Africa government tried this trash and could not succed do no why because no law prohibits me from helping someone
    Till today Mmm South Africa rocks very had their stood their ground and till date mmm South Africa is still standing 9ja own will be a walk over there no cbn anywhere in this write up here is just some people that feels threatened by our activities because they feel our little money will not be parmently available for them to use as they like

  • CBN should shut up their month, i lost almost 300k in oceanic bank Shares what have they done after Falsefully inflating Shares,where is case of cecilia ibru….. The case is dead abi???? Una dey Craze well, well…… MMM has come to stay, MMM is changing lives.

  • Bad belle.. is allowed..
    Who fg o, sec n cbn help.
    Kindly let us be, enough of these bs. MMM hasn’t and won’t scam anyone, your plans of scaring away new participants has failed yet again, cos together, we’ll change the world!
    MMM rocks, join today!

  • CBN never mentioned MMM. Yinka (the writer) being a hater decided to create an attractive heading by lying CBN referred to mmm as a wonder bank. CBN never mentioned MMM. This article was first published on “This Day” newspaper and This Day editors simply assumed CBN was talking about mmm but they separated mmm from CBN’s statement. This is a poor journalism. The people who ought to do proper investigation are the people who need to be investigated. Sad… Check out the this day article http://www.thisdaylive.com/index.php/2016/09/14/cbn-warns-nigerians-against-investing-in-wonder-banks/

  • Just as I was trying to type this post, I just receive bank alert from this MMM people.
    Kai,i love this MMM
    #CBN and SEC didn’t warn us about recession, but it’s happening.. hehe.
    I love MMM, I will participate in MMM even in my next world

  • Before I was born CBN was there…am now 29yrs…wot has dey don for me. I have been working as a gate man for d past 3rys..and earning peanut as salary. .”modern slavery” I haven’t counted 80k before as my money….but In jst 8months wit MMM… am looking at my 2.3million… am so happy something like MMM came to Nigeria… hello people join MMM today and change ur financial status. ..MMM has come to stay in Nigeria. .whether CBN like it or not… thank God MMM does not have central account dat dey can easily freeze. MMM Rocks… The smarter way to provide help on MMM is with Bitcoin..and earn 50% monthly of ur money. MMM the power of unity… join MMM today. ..together we change Nigeria n d world.

    • @ Chukwuemeka, please I will need to speak with you on how to provide help through Bitcoin. I do not have domiciliary account. You add me on whatsapp via zero eight zero three eight five zero five five eight five.
      With MMM, within 2 months, I have become a millionaire! Up MMM!!!!!!!
      Thanks

    • I am interest about the bitcoin, though i have created the wallet but i am still not sure how to go about it.
      please add me on whatsup 07039321219

  • Pls chukwu Emeka abeg here is my phone number can you give a guild on how to provide help on bitcoin I have created a bitcoin wallet for this already 08053306433 to hail with cbn
    Long live Mavrodians

  • Pls chukwu Emeka abeg here is my phone number can you give me a guild on how to provide help on bitcoin I have created a bitcoin wallet for this already zero eight zero five three three zero six four three three. Pls reach me on whatapp I will appreciate it if u can reach me, to hail with cbn
    Long live Mavrodians

  • To know more and be part of MMM Nigeria reach me on whatapp on this number
    zero eight zero five three three zero six four three three. Together we determine our financial freedom
    Obi will not remain a boy forever
    Enough of the rich exploiting the poor with a peanut they call salary they are panicking because our money will not be available for them to use at will with the collaboration of the unfair banking system, mmm lives on.

  • Pls leave us alone. No Central account for MMM like others and no one deposits money into MMM rather into that same Nigeria commercial bank account of participants of MMM. I know this speculation will come. All we need is for site to be up and running so as to enable us have access at all.

  • Dear CBN, I suggest you worry more about our failing economy and leave Nigerians alone who have decided to help themselves with voluntary donations from their spare cash. MMM has truly helped a lot of people, I’m sure you don’t want to incur the wrath of Nigerians so please stop this campaign.

  • Hummm! Mr isaac Okoroafor, we MMM participants really appreciate ur envious concern about this issue of MMM but there is no amount of ur words that can make we paticipants change our minds from investing our money (ies) into Nigeria MMM. afterwards, this money u are talking about is our own money not yours, so, why warning us? You people should stop confusing those that have interest in this business, we are no more a kids, we all knws what is right and things that are not right. Nigeria MMM have come to stay, nothing we stop us from investing our money in it except God.
    God bless participants
    God bless Mavroda
    God bless MMM

  • I am Cameroonian I tell you even from Cameroon i have being enjoying the fruits of MMM. What is this your stupid CBN and SEC saying, no MMM participant should stop PHing cause this is the only way poverty will end in Nigeria and in Africa as a whole.
    How i wish this MMM was in my country. Only from Cameroon I have gotten help of more than 340000NGN is very much in Cameroon currency.
    NO STOPING MMM
    LONG LIVE MAVRODI
    LONG LIVE MMM
    LONG LIVE NIGERIA
    LONG LIVE CAMEROON
    LONG LIVE AFRICA

    • Why the riches in Nigeria are so wicked? because MMM gives poor Joy and them wanted to stop it. Please ooh CBN or SEC whatever…. are we using ur money to invest in MMM? No. it’s our own risk to invest. just leave mmm participant alone let’s take our own risk. its crime to invest? Note: mmm is not a company or online business. it’s a community that help each other. Long live mmm! long live mmm!! long live mmm!!! YES.. TOGETHER WE CAN CHANGE THE WORLD.

  • Mmm is the best that ever happened to Nigeria. It pain me to hear this from cbn because they economic issue to face , the naira is falling . U sell dollar to the rich. Live the poor man to provide and get help . What is wrong with u guys? Bad egg. Long live mmm. Thanks God for mmm Nigeria because it have save me. I was not pay for 6months salary but mmm pay me. A state like rivers state imagine!!!!!! U cbn what Nigeria to start robbery with this economic situations. Stop warning us we know. Let us take the risk it a part of life. Govt are fraudster themself, when some one work for u several months u refused to pay him or her it not fraudstering ! U have employment at cbn it only ur children u employed no poor man was found or does cbn need revolution to change this country? Stop this rubbish now.
    U promise change we are see hungry and looter . . The govonor, senator, politicians are eating well the voter are suffering badly . Some one should go and tell oga cbn if he is thinking correct.
    Long live mmm, long live mmm

  • Long live MMM, CBN,SEC are all bunch of greedy people, they are only concerned about their own pocket and care less about the citizens of Nigeria.MMM has done what these cowards have failed to do,am not surprised about the ranting because lightheaded pple shiver in d face of challenges.Bunch of cowards. #we will not let MMM down

  • CBN? A group of people who individually can do nothing but as a group decided that nothing can be done. Leave MMM alone, Leave Mavrodians alone. MMM PLEEEEEEASE! Continue scamming me if the dictionary meaning of scam is putting money in my pocket, then I want to be scammed over and over again. Don’t stop scamming us ooooooooooo. I DON get alert! Godwin! When CBN STAFF CORRECTLY RECITE THE NATIONAL ANTHEM THEN I WILL LISTEN TO THEM. Long live Biafra(NIGERIAN DIE)

  • fuck u CBN, Useless SEC and bullshit to FG.
    if I crash with mmm let me crash.
    if I die with mmm they should leave me alone. because, I’m the real owner of the money using for the mmm. what’s their own headache??? if mmm crash today, how does that concern them??
    how does that reduce the price of petrol, kerosene or food stuffs??
    I owns my money, if it crash with mmm God knows the best and if it doesn’t crash to God be the glory.
    SEC, CBN, FG: ur threat doesn’t have weight

  • just give dead SEC, weak CBN, and lost of sense FG
    a MAVRODIAN-SMILES and say, we are not under their control anymore.
    they are bulldogs, they can bark but they can’t bit Mavrodians!!?

  • Halo mambers of MMM
    Im a participant of mmm East Africa Zimbabwe . I hop you are going well in Nigeria and we are going foward with mmm . Mmm realy rocks im enjoing my Mavros. Even banks talk bady about mmm but we are going foward . They’r just wasting time talking about mmm no one can stop mmm . We are using our money to help each other wich means there is nothing wrong about it . Since 2004 I was working hard but I did get anything better from banks upto 2015. Since I joined mmm 10 months ago iv got a 7 rooms house , double cab car and a busines from mmm. Which means mmm realy rocks . I lyk mmm lets go foward ph and gh .

    Hoping you good lucks Mmm Nigeria .

    Viva mmm together we can change the world.

  • In a country like Nigeria, where the political and so call government don’t value the interest of a common man, here MMM comes and the citizen love it and invest with their 30per monthly. Fuck CBN

  • Nothing will make me leave MMM because it is way to pursue poverty out of this country. CBN ur plan will not work, long live MMM together we change the world.

  • AM SURE THAT WITH THE TESTOMONIES OF PEOPLE ABOUT MMM, IT SHOULD BE CRYSTAL CLEAR TO CBN, SEC, FEDERAL GOVERNMENT, STATE GOVERNMENT, HUMAN GOVERNMENT AND OTHER GOVERNMENTS THAT ARE SPEAKING AGAINST MMM THAT THEY HAVE ALREADY LOST BEFORE THE MATCH BEGAN, MMM HAVE CHANGED LIVES AND HAVE COME TO STAY AND IS EVER READY CHANGE MORE LIFES, I AM A TESTIMONY!!! MMM PAYS

  • Oga CBN mind ur business and leave us to continue with our parole. Thank God MMM doesn’t have central account which you can freeze. U can only confused a layman to be panic MMM rocks. Together we change the world

  • A whole CNN can’t even get its facts right! Mmm rocks and lives on. Any plan from you rich and mighty to scatter it is destroyed ijn…mmm might be fake to you but to me it is real! It has paid my bills and given me hope in the face of this economicess you guys have gotten us…Pls attend to other weightier economic issues and leave us alone with our mmm….mmm is our headache, stop using paracetamol for our sake…. We are undeterred and unstoppable!

  • Can’t the CBN and SEC staff read the simple English and meaning of mutual aid fund? which is far different from investment. We know your problem and we shall never be panic to stop giving help to each other.

  • CBN, FEDERAL GOVERNMENT OR WHATEVER YOU CALL YOURSELVES, PLEASE MIND YOUR OWN BUSINESS AND FACE THE PROBLEMS IN THE COUNTRY AND LEAVE MMM ALONE. YOU ARE VERY HAPPY SEEING YOUR CITIZENS IN ABJECT POVERTY. BUT THANKS TO GOD ALMIGHTY GOD THAT MMM HAS COME TO RESCUE LIVES. YOU HAVE NOT BEEN ABLE THE HANDLE THE PROBLEM OF DOLLAR EXCHANGE RATES, UNEMPLOYMENT,NON PAYMENT OF SALARIES, DILAPIDATED ROADS ETC. I CAN SAY THAT CBN IS ONLY JEALOUS. THANK GOD MMM HAS NO CENTRAL ACCOUNT TO FREEZE. MMM, TOGETHER WE CAN CHANGE THE WORLD.

    • There are 2 now, Mmm and Trade Invest. MMM pays monthly and Trade Invest pays daily. With 100,000 you can get 145,000 in 3days for real in Trade Invest. And for MMM you will get 30percent in 30days. You can invest 400k and get 750k with Trade Invest PLC. Add me on facebook Vivian Onahi Ogor for a better understandings and to put you all through

  • please, you guys are wasting time with SEC, CBN and FG….. they are nothing. just give them a MAVRODIAN-SMILE and simply say, ur mavro is growing faster than ever before.

  • Ifeanyi may amadioha sack u from ur work for saying bad against mmm infact no lemme jam u eye2eye cos I go stone u anuofia if na old age dey disturb u better go and rest ah ah Mavrodians can y guys imagine this pissofshit man ranting nonsense about mmm?

  • Ifeanyi may amadioha sack u from ur work for saying bad against mmm infact no lemme jam u eye2eye cos I go stone u anuofia if na old age dey disturb u better go and rest ah ah Mavrodians can u guys imagine this pissofshit man ranting nonsense about mmm?

    Reply

  • You’ve successfully turn over 200million people’s lives to Uncertainty for this long, even the inflation in the economic is now more than 30% as we speak.
    If you lack Financial IQ, and also lack recruiting knowledge on how to put genius of experience and not genius of books in place to solve this current crisis, where we can understand your true capability, then you can now raise the motion against MMM. And say MMM is a SCAM

    In short in one word CBN you are part of the SCAM, so you can have time to be posting editorials everywhere, while you the registered entity is MESSING UP individuals with one sided pòlicies.

    We that find ourselves in MMM we are SOUND FINANCIAL EXPERTS, would have bin patriotic by even growing our money in NAIRA.

    RECRUIT US TO HELP YOU OUT.

  • Bad belle, SEC, CBN. What is your problem with MMM? Killing your business bcs a reasonable investor wil rather prefer to invest in MMM rather than your system. You can’t beat the rate MMM offers to ordinary Nigerian. Risk takers are the profit makers.
    Please say something else.

    MMM is real.

    • There are 2 now, Mmm and Trade Invest. MMM pays monthly and Trade Invest pays daily. With 100,000 you can get 145,000 in 3days for real in Trade Invest. And for MMM you will get 30percent in 30days. You can invest 400k and get 750k with Trade Invest PLC. Add me on facebook Vivian Onahi Ogor for a better understandings and to put you all through

  • Lame talk!! Mmm collects nobody’s money. And how ever you look at it banks still benefit because the money is always in an account at any point in time.

  • CBN, PLEASE RELEASE MY WIFE`S MONEY PAID INTO HER UNION BANK ACCOUNT SINCE EASTER THIS YEAR. THAT MONEY (46K) WAS FOR HER SISTER`S SCHOOL FEES. YOU PEOPLE ARE JUST PLAYING PRANKS ON THE MONEY IN THE NAME OF BVN. THAT IS TO SAY THAT CBN IS NOT ABLE TO HANDLE ITS INTERNAL PROBLEMS. AS FOR MMM, TOGETHER WE CAN CHANGE THE WORLD.

    • MMM is just a community helping each other with their spare money. I bought shares of 100k from one of the commercial bank for over 10 good years till date and have not receive dividend of a thousand naira. If that money is in mmm I would have been a millionaire by now. With mmm am getting 30k in a month imagine how much richer I would have been. CBN & SEC should concentrate in reviving Nigerian economy instead of bothering themselves with mmm as we members are not complaining.

  • Good evening all,
    MMM is a great business but please do not
    murder CBN . Before you actually do that , take a
    brief moment and read about MMM on
    Wikipedia. It is not a new business, it is much
    more older than you think.
    Thank you and stay curious

  • CBN or what are they calling u guy, you need to learn and look after the problems we are facing in Nigeria, leave MMM alon MMM is real and nothing bad about MMM, has anyone complain about MMM in Nigeria? , does MMM collect money from any one in Nigeria?, you better look after the problems in the country and leave people to make money…..MMM for life and for ever.

  • CBN, SEC, Fed.Gov OF NIGERIA and All the FINANCIAL INSTITUTIONS are the real scammers!
    I started out with 50k got 75k my brother saw it and joined me with a 100k and got 150k and many other testimonies like this are common and can only be found in MMM Community. Plz I want to know if this is how a scam really looks like? Judge for urself.
    Whatsapp me on 08185467946 for more Info.

  • CBN, SEC, Fed.Gov OF NIGERIA and All the FINANCIAL INSTITUTIONS are the real scammers!
    I started out with 50k got 75k my brother saw it and joined me with a 100k and got 150k there are many other testimonies like this which very are common in MMM Community. Plz I want to know if this is how a scam really looks like? Judge for urself.
    Whatsapp me on 08185467946 for more Info.

  • DEAR CBN, your fear is not for our own benefit rather for the benefit of yours and the banking industry that has oppress and depress us for a long time now. is it not of recent that you increase the interest rate on loan that make it almost impossible to pay after collecting the money especially in recent economic depression you people put us by making wrong policies. Now you are scared that we will not patronize the loans and fixed deposit that has never yielded us anything in the first place by trying to show dubious care. When have you ever make policies that favor the masses except for the few elite. PLEASE KEEP YOUR CARE TO YOURSELF AND LEAVE US ALONE AND EVEN IF WE LOSE , IT IS OUR MONEY NOT YOURS.
    MMM HAS COME TO STAY AND YOU CAN BLOCK AS MANY FACEBOOK PAGE AS YOU LIKE BUT MMM IS HERE TO STAY SO GET USED TO IT.

  • MMM has been so good. There is even a new one too which more interesting. You earn 350,000 with just an investment of 200,000 and within 3days you will b getting a 145,000 for just investing 100,000. This is real. I am a testimony. Add me on facebook Nene Umeh Christian. I am an handicap, inability to speak and hear but I am educated. I love u all. Cbn if you like condemn dis one

  • I work with UBA. MMM is real @Nene I know about the new investment you are talking about which is known as Trade Invest. http://www.tradeinvestplc.com if any one is interested on how they can earn 65k with just a 50k or you want to earn 350k with just a 200k, it’s possible with Trade Invest. Add me on facebook Ijeoma Chioma Mathew. Up Trade Invest and Up MMM.

  • I work with UBA. MMM is real @Nene I know about the new investment you are talking about which is known as Trade Invest. if any one is interested on how they can earn 65k with just a 50k or you want to earn 350k with just a 200k, it’s possible with Trade Invest. Add me on faceboook Ijeoma Chioma Mathew. Up Trade Invest and Up MMM.

  • CBN leave MMM Nigeria alone. Why is it that you people don’t want the ordinary Nigerian to live a better life, whenever something good is about to happen that will bridge the gap between the rich and the poor you want to frustrate it. If you mean well for Nigerians, why was there no warning for economic recession? MMM is changing lives. Leave us alone oh

  • Cbn,sec, and rest of the Nigeria buzz body, why take ye another person matter and make it urs. I think you ve more important things to do in order to remedy our crumbled economy than being a gossip. Mind your business and mmm alone, if mmm fails, it’s our cash ND not yours., if mmm fails, it’s our tears not yours. Please allow us to bear our risk. Bear your own enemies of progress. If you wouldn’t mind, come and join mmm and your story will changer, hungry reporters

  • CBN Thanks so much for your concern,we are not using your money neither we responsible for your bad economy. keep your advice to your wife and children

  • I actually work with TRADE INVEST where people do same as MMM. i am also an investor with MMM. i wonder why they did not barn our organisation where by people can 200,000 and get 350,000 within few days online MMM which is 30days. even with Trade Invest , you get 145,000 for investing 100,000 in 3days . Is it because MMM is not Nigerian made or what . MMM is a good organisation and we also Trade Invest remains the best . Wetin consign CBN for our means of earning na

    • @Vivian i added you with your facebook name Vivian Onahi Ogor, you have not accepted yet. i am also an investor with trade invest and MMM but i wiant to partake in the 400 to get 750 3days program all the way from home . how do i go about it . i have done the 200 to 350k and it worked truely

  • Vivian i added you with your facebook name Vivian Onahi Ogor, you have not accepted yet. i am also an investor with trade invest and MMM but i wiant to partake in the 400 to get 750 3days program all the way from home . how do i go about it . i have done the 200 to 350k and it worked truely

  • The person who wrote this article lacks insight. You don’t even understand a dime about MMM. You write as if MMM as a central account we pay money into. MMM is a peer to peer system… We don’t save our money in a central account. We send money to each other. We help each other, errm at least if our so called government can’t help us. MMM is here to stay. MMM as helped a lot and will still do more. Do a thorough research about MMM before you post your knowledge starved article .

    • There are 2 now, Mmm and Trade Invest. MMM pays monthly and Trade Invest pays daily. With 100,000 you can get 145,000 in 3days for real in Trade Invest. And for MMM you will get 30percent in 30days. You can invest 400k and get 750k with Trade Invest PLC. Add me on facebook Vivian Onahi Ogor for a better understandings and to put you all through

  • You spoke well all MMM Participants, one of the CBN and SEC problem is that MMM didn’t register in NDIC also because we know the Riches in secret place and they are not happy with Testimonies of Honorable’s participants, when a friend introduced it to me 7 months back i didn’t joined i thought is a scam, is now using his own car,building his house and doing nice business with MMM GH. If a Ponzi Scheme could give all these within 8 months then what does it remain in life ? Tell me CBN and SEC.

    SEC scammed I and my younger brother 2008/2009 we went to their Head Office in CMS Floor 16, He bought shares of N85,000 and bought N15,000 for me, after 3 months they said there was depreciation we lost the whole money.
    Is now a month i joined MMM and it has put contagious smile to my cheek.

    Please all participant…. NOW CBN has instructed all banks to block anyone account where they see either MMM/PH traces , so whenever you are going to send money to your matched in the bank please never included MMM or HELP on your Deposit Slip or nether will you call in the bank premises. If we could do this then let’s see how they would stop us from this secret of riches.

  • God bless mmmnigeria, I am a participant of mmm ND in just 1month I received 12000 thousand naira extra after giving out 20000 Thousand naira.is it not an achievement? Pls CBN keep quite

  • Oh God, have mercy. See what poverty and the love of money is making of us. Pls help and deliver us, open our eyes to see the danger(s) behind the curtain

  • Becos of MMM….. My mother is now an Importer…..a dream she has always wished to fulfil since past three years has now been achieved in just three months……shame on CBN shame on Nigerian banking system….. If we stop MMM what do we do? Sit back and start looking at federal government with empty stomach or what? Your plans has failed…..those who don’t want to do Mmm should keep roasting in poverty while we keep enjoying…..If worst come to worst I will join another country MMM. If you think you can change my mind try again….. Unless you will give me money to buy another piece of land as MMM gave me.

  • At ajos…..I am assuming you don’t have bills to pay. I am assuming you wake up everyday with food in your table with or without your effort… I am assuming you have a nice job that takes Care of all your problems…. I am assuming you dont have siblings to cater for…. I am assuming you don’t have landlord to pay rent to….. I am assuming you have never experienced hunger with an empty pocket or bank account. PLS go and experience all these as a poor and helpless man in a dysfunctional economy and come back and tell me about love of money. For your information we have made over and over of what we invested in MMM. So it’s no more a risk. How about that? Senseless Nigerians Shaaa…

  • CBN, since I came back from service in 2013, u have not cared to ask if I have any food on my table or cloths to wear. Now that Mavrodi sat down to think about the walfare of humans you want to come and destroy it. I promise you it will not work for you. Mmm is real. It has put food on my table and give me financial freedom. Thanks to mmm. Mmm is real. Together we can change the world.

    • Why is SEC coming out to save Nigerians now….
      This is purely the wickedness of the rich and govt which MMM is out to eradicate is playing out already. Why can someone take panadol for another man’s headache.
      SEC led Nigerians to the worst scam of this generation through the Nigerian overated stock market and alot of Nigerians are suffering today including mua and many died of the shock. what have they done ??? Savanah bank, Society Generale, People’s bank and others collapsed with people’s money what did SEC do ??? A lot of companies and govt estblishment don’t pay salaries again,what did SEC do ??? Millions of Nigerians are on the street no job, what did SEC do ??? Nigerian pensioners are dying daily, what has SEC done ???
      Why is SEC now concerned about a community of people willing to help each other.
      Kindly inform SEC that they got everything about MMM wrong because
      MMM is not MLM
      MMM is not a business
      MMM is not investment
      MMM is not a HYIP
      SEC should put their effort in reviving our capital market they collectively destroyed. The participants of MMM know and are warned to use their spare money, so no need for SEC warning rather SEC should warn Nigerians not to buy shares and be careful of how they deposit money in banks because the way our economy is going even CBN is not safe…

  • Happy friday

    Benefits of MMM to Nigerian Society.
    (1) MMM has created room for more Data Plan purchase. Glo. MTN. Etisalat. Airtel.
    (2) MMM has also created an avenue for Banks to make more money. The transfer we the MMM members do with our mobile banking and also direct payment in bank. We are been charged #105 as the case maybe. For each transfer. So you see that banks are benefiting.
    (3) MMM members buy things in the market very often. The market woman are able to sale their food stuff. Even Fast Food, Restaurant are booming all because of MMM.
    (4) MMM has also educated the society and its member through Seminars. Let people know that one most not suffer so much to get paid. Creating avenue for people to learn computer, To be able to P.H and G.H.
    (5) MMM has Crown it all by giving back to the same society that Benefits from it. Example are Charity organization are been set up. Orphanage home visitation. Taking care of Burnt Victims. Just to mentioned but few.
    (6) MMM has been able to engage the minds of young and the unemployed, and has given them courage to withstand this harsh period of recession.
    (7) For the civil servants’ in this period of delayed salaries payment, MMM system has sustained them and has never delayed payment nor owed.
    (8) for Nigerian students of Tertiary institutions MMM has been able to provide them feeding money, pocket money, money for book,school materials and even tuition etc. Thereby helping them to have better college life.
    (9) MMM has been able to bridge the gap between the upper and lower class individuals of the Nigerian society by creating an avenue for everyone to meet basic needs.
    (10) reduction of cyber crimes. MMM has motivated Nigerian citizens that instead of defrauding pple online to make money that they should Rather PH and GH and that way no one is hurt.
    (11) MMM has further enhance fairness, care and national unity. In the spirit if PH and GH we do not choose ourselves who to help but the system does’ that way encourages to help our fellow country men/women.
    (12) MMM has helped Nigerians to be conscious, and thereby killed dat spirit of africa man time. As d system has shown us dat time is of essence.@ ph & GH.
    The list can go on as d benefits are enormous and cannot be over emphasized.
    Therefore the SEC and FG we do not need to fight the system that is helping us in several ways. Is like biting the finger that feeds u. If u haven’t benefited directly’ certainly u know someone that has. MMM has come to stay. MMM Is d change we need, Truly MMM pays. Together we can change the World.
    Pls share until it changes someone’s ideology.

  • HELLO DEAR IS LIKE THIS MMM STUFF IS THINGS IS VERY INTERESTING I HAVE GONE THROUGH BY READING PEOPLES TESTIMONIES I BECOME INTERESTED TO THE MEMBER BUT MY PROBLEM NOW IS THAT I AM AFRAID DUE TO THE ATTACK AM SEEN NOW BY GOVERNMENT CBN ISSUING WARNING ON PEOPLE NOT TO INVESTING MONEY ON MMM BUT WITH PEOPLE TESTIMONIES AM CONVINCE PLEASE I ADD ME IN MY WHATS APP 2349099943603 PLEASE I NEED MORE EXPLANATION

  • Pls can anyone put me through, I tried to open the https://mmmoffice.com it’s not opening here, I don’t know why, showing redirect and stop loading, pls I want to join this platform and see how works too!! My what’s up no is 07082922774!!! Pls am humble I don’t mind if anyone can put me through pls

    • You can add me on facebook Nene Umeh Christian . let me explain to you how MMM and trade invest works . with trade invest you can make 350k with just a 200k in 3days (72hrs ). i am an handicap , inability to speak and hear but i am happy for being an investor with tr

    • You can add me on facebok Nene Umeh Christian . let me explain to you how MMM and trade invest works . with trade invest you can make 350k with just a 200k in 3days . i am an handicap , inability to speak and hear but i am happy for being an investor with trade invest.

  • I am interested please write me on what’s up zero seven zero eight two nine two two seven seven four pls put me through with it so I can register bcos I tried to open the mmmoffice site it’s showing redirect and stop loading, what’s the meaning or am I not getting wright

    • There are 2 now, Mmm and Trade Invest. MMM pays monthly and Trade Invest pays daily. With 100,000 you can get 145,000 in 3days for real in Trade Invest. And for MMM you will get 30percent in 30days. You can invest 400k and get 750k with Trade Invest PLC. Add me on facebook Vivian Onahi Ogor for a better understandings and to put you all through

  • ALL MAVRODIAN SHOULD KNOW MMM ENEMIES BY NOW

    Our people say a problem known is a problem half solved. But the problem with most MMM participants they are ignorance about this fact that MMM has enemies that don’t want anybody to be financially free in the world, because these set of people enjoy the benefit of being the financial detectors and kings to the average men/women, knowing fully well that if majority are financially free, there period of detectors is over.

    WHY IS MMM A PROBLEM TO FINANCIAL DETECTORS

    1. MMM educate is members that their is power in giving helps to each other. (Because the founder discovered that the problem of this world is not the present of poverty but because of lack of sharing among each others)
    2. MMM educate is members that there is difference between paper money and real moneyi I.e. paper money have lost its value while real mone have its value in the money. (Examples of real money are gold, silver, mavro etc.)
    3.MMM is bridging the gap between rich and poor, influentials and non influential, privileges and non privileges etc.
    4. MMM educate is participant on risks taking, which is the only tool in life to be wealthy. “I have never see a rich man that have not lost money before but I have see poor men that have not lost a din”The questions is this why are they still poor?

    WHO IS THE FINANCIAL DETECTORS

    1. GOVERNMENT: reason they need majority to be poor, so for them to have slaves who will do there dirty jobs, in return paying them fractional salaries. Remember I said they are slaves, so they wouldn’t complain.

    2. BANKS / INSURANCE INSTITUTION: These type of institutions need crowd money to carryout there daily business, they love clients that keep there money in there care for a long time, so they can use it to borrow others we called “big men” in the society or even use our money to build hospitals, hotels etc that we ordinary people can’t afford. And it is our money that was used to erract that business. MMM has come to collect your money and my money from this institutions and used it to improve our life’s.

    3. FINANCIER’S (CBN): These are the institutions that control the economics of a country, they are responsible for the printing of paper money, the exchange rate of money and inflation mechanism in the economics. The financiers and operating under the supervision of the Government in a country, meaning they will have the same goal with the government. Which is, To ensured that majority are poor.

    CHALLENGES MMM IS FACING
    1. MEDIA HOUSE: It is not strange anymore to those that has been following the updates of the community lately, that some cheap media organization haved been paid some money to spread fake news in other to CREATE PANIC in our community. Imagine a news that was published in respected news website, watched in television and even in news paper turn out to be a fake news. Who is deceiving who? TAKE NOTE: MANY OTHER FAKE NEWS WILL STILL POP UP GET READY FOR IT.

    2. UNEDUCATED PARTICIPANT: illiteracy is the greatest problem we have in the world and also in this our community. Imagine people calling me asking me has MMM Zimbabwe collapse, the first thing I always ask who told you. They we tell me, I heard for a friend, do research we are in a modern world for God sake information is everywhere. Imagine people that are not in the community we be the one telling you things about the community and you believe. Let get updated that MEDIA are not with us, our friends that refused to join and right now see us making money they are not also happy. This are the people that is assisting the financial detectors to carryout thee objectives. But together we are untouchable. MMM always win.
    To summary the article, I Guider Eghruamrakpor Goodluck John want to used this opportunity to encourage everyone in this community to protect the imagine with all cause. If you are in any group in social network and you see anti-mmm posts react immediately. That is want I m known for, I don’t know about you. Because to me MMM is a life saver.

    Please don’t just register people tell them about MMM ideology.

  • Pls @ mr Chukwuemeka I need assistance on how to create Mmm with bitcoin please assist me here is my watsap number 07068148534

    • There are 2 now, Mmm and Trade Invest. MMM pays monthly and Trade Invest pays daily. With 200,000 you can get 350,000 in 3days for real in Trade Invest. And for MMM you will get 30percent in 30days. You can invest 400k and get 750k with Trade Invest PLC. Add me on facebook Vivian Onahi Ogor for a better understandings and to put you all through

  • how fair, reliable is this going be and sure are towards the sustainability of this mmm in country like nigeria, well if it is please you guys should keep on flying

  • When I lost my dad.2012, he was on an assignment for our local govt he had an accident and died in the process and we were 4 in the tertiary institution then…the govt promised to help out and 500k was allocated to be given to over 15 families that their person where involved in the accident….cos the accident claimed over 20 Ives…oga federal govt and cbn …the money released was hickjacked by our politicians in akoko edo local govt…I didn’t see a kobo…..I graduated and working in a secondary where I gathered little money to join mmm……..the story has changed….me and my family now rocks…..am gradually becoming a millioniare …how will God not punish our greedy leaders and cbn or sec? …..mmm is real….mmmpays……mmm together we will change the world.

  • oga C B N na u sabi ooooGod is using ,MMM to change peoples life….greedy nigeria leaders who dey chop oour money,the one wey we dey keep for bank watin un dey give us,,,,,my fellow MMM paticipant make una no mind them oooo,they don pay am to spoil MMM….

  • mmm together we are already changing the world and changing our lives all together.
    no govt or cbn can stop us! I repeat! no govt or cbn can stop us!
    where were they wen we d youths are suffering, no job out there,no food to eat and we keep wandering all around different streets hoping to get a job that will pay what is enuf to last a month. Our situation keeps changing from bad to worse. ..are we now suppose to stay put in sufferings..? to marry has become a problem cuz one wud keep thinking about how to manage the family when you start growing….God has Brough us mmm and M-M-M….has come to stay! NO SHAKING

  • mmm really is a fraudulent business, We should everything possible to let people understand the risk they are taking by depositing money into this VENTURE because of return of 30% per month. Thanks to the CBN sound WARNING to Nigerians.

    I think the government should close this website before they ruin our people and our economy.

    • Oga Dominic, u are saying trash. Did anybody force u to come and join MMM? Busy body, mind ur own business. MMM is scam we know, leave us with life better scheme, MMM. I know very very soon u will join and d story unposted here will change.

  • CBN should not deceive itself , majority of in DAT cbn are in to mmm even general manager using other people s money in his custody running mmm.

  • CBN is saying big noncense, what concern u d way I spend my money? Is my money, I can decide to use it d way I want. Leave us, we are all adult and we know what good for us. If u dare threaten MMM or her participants, baba GOd go punish u , way war against u, and u no go prosper (CBN and its agents). Leave MMM oooo for us. A word is enough for a wise. LLL MMM Nigeria, together we change the world.

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  • Don’t mind the fools.It is when they attempt to stop MMM that they will incurs the wrath of God and man.The masses whose interest they claim to protect have denied them. So, why are they still chasing the shadow? It drives me mad to see the quality of journalism in the above report. I was once a critique of MMM too until I did an objective assessment of it. I later discovered that the financial principle on which MMM thrives is very realistic and practicable in reality. The principle used by banks is not better than what guides the community in its operation though it is not a financial institution. For instance, they call it ‘robbing Peter to pay Paul in some quarters’ and I being to ask myself if a bank paying meager interests on a customer’s deposit with another customer’s money is not even robbing Mary to pay Mariam. Besides, MMM promoters have state in clear terms that the community is not a bank and it is not a financial institution and that members only make donations to each other Critiques in their shallow thought argue that the scheme is fraud because members only give each other money in no exchange for goods or services. If the benovelent act of giving among members of the community is fraud or adda no value to the economy as they argue, then donation in any forms should be declared illegal including donations at fundraising, donations in churches( especially, tithes) and mosques.Or what service or goods is delivered to a church member before he willingly pays his tithe? What a stereotyped world! I only see MMM critiques as victims of stereotypes that have been woven into the fabric of the human society as a political/economic instrument on the part of the state. I do not blame them for this though. I blame the existing socio-economic order on founders of slavery in the history of mankind. Till today, the blue print of their control is what our society is run on! Today, we have the masters on one hand and the servants on the other hand. Those in government today represent the master class while public servants and private servants are the modern slaves. Any attempt to bridge this gap like MMM is often met with vehement opposition and hostility but this cannot continue. MMM has come to stay. Further, while I admit that it is true that MMM crashed in its country if origin which is Russia, the author of the above report is deliberately blind to the fact that it crashed because the Russian government froze the community central account wherein it used to keep all its funds in those place for tax evasion. Tax evasion was me mentioned in the write-up as the reason for freezing the account but the writer refused or neglected to mention that the scheme actually collapsed because of the Russian government interference with its affairs, something similar to what the writer and the FGN is doing to MMM Nigeria now. God will judge you all.

  • But come to think of it!! Where do this organization MMM gets the 30% they pay to their members !!as in wat is their benefit 4rm d money u placed!!have u asked urself where MMM wat dey gain 4rm all dis

  • Hello i started MMM with 400k and i was paid but i wonder why CBN did not BARN TRADE INVEST that pays you 750,000 for investing 450,000 in 3days even better than MMM but TRADE INVEST is faster , while MMM takes 30days . you can add me on facebook NENE UMEH CHRISTIAN .

  • Despite the fact that i am an accountant with trade invest , MMM is real . I accept they dont have a central account but its still real . Mrs nene, our company cant be close down because we are registered wit the CAC and other financial bodies. people can as well invest with just a 200,000 naira and get 350,000 in 3days . what will CBN now say about this . Are you interested in pertaking with MMM or Trade Invest. contact me on facebook too VIVIAN ONAHI OGOR is my faceboook name . MMM pays you 30% in 30days while TRADE INVEST pays you in 3days more than 35%.

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