Mavrodi Mondial Movement, MMM Nigeria may be considering a new investment strategy – like an increased interest rate, following participants dampened enthusiasm about the scheme since its return on January 13, 2016.
Participant’s doused enthusiasm may be attributed to their inability to get paid a return on their investment since the scheme resumed operations, although they have been able to request for their money. Currently, when any participant seeks to withdraw, the website puts up a message that links them to its previous freeze message.
Many Nigerians have expressed happiness with the return of the scheme, but say its new system of payment has dampened their morale.
MMM’s new system of payment prioritizes participants with smaller sums of money in the system, therefore causing participants with larger sums to wait for payment, coupled with a new payout limit.
The scheme is also said to be considering raising the interest rate to 40 percent from the current 30 percent rate, according to DAILY POST reports.
A source from the scheme disclosed that MMM was indeed worried that, “the excitement and inflow has rapidly dropped.” Consequently, MMM’s top hierarchy are considering increasing its interest rate.
On the introduction of Bitcoin, for MMM operations, the source also stated that participants will start receiving more information on BitCoin when they log in.
“MMM has observed that many Nigerians really don’t know much about digital currency and to address this, video, audio and text lectures are being uploaded to enlighten participants,” he said.
Despite the many controversies and skepticism that has trolled the scheme since its introduction in Nigeria, many Nigerians who testify that it has helped save them from financial struggles in 2016, still strongly believe in the scheme.
Some Nigeria participants insist they are happy that the scheme has returned and can prove skeptics wrong.