Mavrodi MMM Thrives Amidst Economic Recession Despite Warnings 


Many Nigerians seem to have benefitted immensely from the newest and most popular financial scheme, Mavrodi Mondial Movement, MMM, as some Abuja residents confirm their willingness to remain participants for as long as the scheme last.

MMM has gained popularity among thousands of Nigerians who have benefitted from the programme – which promises a monthly payment of 30 percent interest on loans provided by participants.

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Despite warnings of the House of Representatives and the media to the public against the scheme, many said they have no intention of leaving the scheme anytime soon, as was reported by the News Agency of Nigeria (NAN).a civil servant, Ebube osakwe, told NAN.

A civil servant, Ebube osakwe, told NAN:

Interviews conducted on some citizens confirms what Nigerians think about MMM and here’s what some of them said:

“When I heard about it [MMM], I was skeptical at first, but I decided to test the system by putting in N20,000 to see if I would get the money they claimed.

“To my surprise, a month later, I got my N20,000 with my 30 per cent interest and an extra bonus.

“I was amazed by the success so I put more money into the system and have benefitted from it. This programme has helped many Nigerians deal with this recession so I don’t see the wrong in it.”

NAN interviewed another citizen, Godwin Dickson, a mechanic who confirmed that the scheme had helped him with his finances and had assisted him immensely in paying his debts.

“I don’t care what anyone has to say about Mavrodi MMM because as far as I am concerned, it has saved my life. I have paid off my debts and I have been able to generate extra change to take care of my household.

“I owed someone a large sum of money and someone introduced me to MMM and loaned me N500,000 to put into the scheme. The money I got back was able to clear all my debts at once and I was able to finally breathe again.”

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However, Dickson said he understands the Mavrodi MMM ideology and the risk it poses, adding that it’s also a lifesaver. He advises Nigerians to get involved with spare money, gauge their limit and enjoy the programme while it lasts.