MMM Nigeria the scheme where members
invest and are paid back between two weeks to
four weeks with thirty percent profit have been
frozen to stop withdrawal also referred to as
payments.
Some users of the scheme including a “Guider”
who spoke to Daily Trust confirmed that their
account has been Frozen.
A message from MMM administrator states that
the freeze will last for a month.
They however blamed the action on the
government and the end of the year withdrawal
“frenzy”.

The message reads thus
“Dear Members!
As usual in the New year season
the system is experiencing heavy
workload.
Moreover, to deal with the
constant frenzy provoked by
authorities in the mass media. The
thing is still going well; the
participants feel calm…
Hence on the basis of the above
mentioned, from now on all
confirmed Mavro will be frozen
for a month.”
Marvo refers to the wallet which
records member’s activities.
“