Panic has gripped many participants of the money-doubling scheme, MMM Nigeria, as they woke up to meet a one-month withdrawal ban notification in their back office on Tuesday.
A letter displayed in back office of participants of the scheme cited “heavy workload on system” as reason for the ban.
This means that members of the ponzi scheme who are due to withdraw both their capital and 30 per cent return on investment will no longer be able to do so until sometime in January 2017.
This is coming two days after the open letter Mavrodi wrote to the Nigerian authorities.
Below is the full text of the notification freezing withdrawals.
One-Month Freezing of Confirmed Mavros
As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.)
Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.
The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))
We hope for your understanding,
Concise news gathers that MMM South Africa announced a similar freezing of accounts in May. However, till date South African participants accounts still remain frozen.
Whether MMM Nigeria will unfreeze its participants account in January or not is yet to be seen.
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