Lagos-based MMM ‘billionaire’ who lavished cash on wedding got brand new SUV from guiders

As apprehension over the fate of millions of participants in the Mavrodi Mondial Moneybox or MMM mounts in Nigeria after accounts were frozen, information emerged that some individuals might have become far richer than anyone can expect.

Panic as MMM stops payment

Many Nigerians were shocked yesterday to learn that the popular money making scheme, Mavrodi Mundial Moneybox (MMM), had placed a one- month freeze on withdrawals.

Nigerians react to one month freezing of MMM accounts

As the news broke that popular ponzi scheme, Mavrodi Mundial Moneybox also known as  MMM has been frozen for a month, Nigerians in their usual fashion have gone on social media to express their thoughts and feelings on the likely “doomsday” everyone has dreaded.

Below are some tweets from both MMM participants and those who predicted the reality on ground.

MMM Nigeria freezes all confirmed accounts

Mr. Aye DeeVerified account‏@MrAyeDee

This is how MMM crashed in South Africa. In May, MMM SA announced a freeze, just like MMM Nigeria did in December, SA still frozen.

Nigerians will lose millions if MMM collapses – Founder

The founder of Mavrodi Mondial Movement, popularly known as MMM, Sergey Mavrodi,  has warned that millions of Nigerians will suffer, because “the scheme is their only means of livelihood”.