By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Monday, May 4, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
Breaking NewsBusinessHot NewsNationalTrending News

Ponzi scheme #MMM begins payment in bits

9News Nigeria
Last updated: January 21, 2017 2:52 pm
By 9News Nigeria
Share
3 Min Read
SHARE

MMM Nigeria, the notorious ponzi scheme in the country, has started paying outstanding mavro (money) to Mavrodians, the participants of the scheme. But the payment is just symbolic.

The Cable reported a participant, Kolade Ogunwande, who manages a number of accounts,  that N17,000 was paid into one of the accounts he handles for a friend.

“One of the accounts I manage for a friend finally got paid. She invested N20,000 on November 10, 2016, and her money has appreciated to N35,000,” he said.

“When MMM resumed last week, she said I should withdraw all the money for her, which I requested for immediately. She was paired the day after.

“The two people she was paired with had to pay N17,000 and N18,000 to make up the N35,000, but only one person has paid.”

Meanwhile, the scheme on Wednesday issued new guidelines on its blog. The guidelines are:

Pantami Rejects Gombe APC Consensus, Alleges Breaches
How Troops Rescue Ngoshe Abducted Women and Children on Mandara Mountain
Oyo 2027: “Elect an Industrialist, Not Just Another Politician” — AAC Governorship Hopeful Daniel Popoola
Read Schedule Of Visits Of President Tinubu To Three Countries, As He Jets Out Today
  1. As a necessary measure, we decided to set limit to withdrawal this week thus the N31000 maximum withdrawal on your PO.
  2. We are still committed to prioritise paying smaller amounts first and gradually increase the amount to higher ones.
  3. The system does the calculations and knows how to calculate everyone’s mavros.
  4. Between Friday that we opened and today, hundreds of thousands of GH orders have been matched.
  5. More and more GH orders will be matched as time goes on. If you see error notification when trying to GH, just keep trying.
  6. PH to GH is still a suggestion to be tabled before Sergey Mavrodi for consideration. Disregard any info suggesting that you must PH to GH till further announcement in your PO.
  7. Freezing of bonuses for now is another suggestion to be tabled before Sergey Mavrodi for his consideration. Which means if approved, you will only be able to GH your personal contributions for now until the system recovers and stabilizes.
  8. Another suggestion for consideration is whether Mavro growth should stop on the 30th day or continue till you GH your confirmed PH.
  9. How early the system recovers depend on our positivity. If we work to make it recover, it will recover in a very short time. Don’t spread panic.
  10. Let’s do more promo tasks to create further awareness that MMM Nigeria is open, working and paying.
  11. We will keep you informed of any updates as soon as possible.

*Source: Daily Trust

author avatar
9News Nigeria
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
See Full Bio
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
By9News Nigeria
Follow:
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
Previous Article Hundreds of Thousands Expected for Women’s March on Washington
Next Article Twinkas, another wonder bank emerges
Search
– Advertisement –
Latest News
  • Police hand over Delta extrajudicial killing case to AGF May 4, 2026
  • Pantami Rejects Gombe APC Consensus, Alleges Breaches May 3, 2026
  • Bandits kill pregnant woman, 3 others in Plateau community May 3, 2026
  • ADC Aspirant Writes Open Letter to the Coalition May 3, 2026
  • NAWOJ: FRCN’s Chizoba Opara Succeeds Dorathy Nnaji As Chairperson May 2, 2026
  • How Troops Rescue Ngoshe Abducted Women and Children on Mandara Mountain May 2, 2026
  • Oyo 2027: “Elect an Industrialist, Not Just Another Politician” — AAC Governorship Hopeful Daniel Popoola May 2, 2026
  • Read Schedule Of Visits Of President Tinubu To Three Countries, As He Jets Out Today May 2, 2026
  • Former Adamawa governorship candidate Binani defects to NDC May 1, 2026
  • Zulum, Gubio Returns to a Mammoth Crowd in Maiduguri May 1, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

BornoPolitics

Zulum, Gubio Returns to a Mammoth Crowd in Maiduguri

May 1, 2026
BornoPolitics

Five Things to Know About Borno’s APC Consensus Candidate, Mustapha Gubio

May 1, 2026
NationalNigeria News

2027: The Weight of Choice for Nigeria’s Future  

April 30, 2026
BornoPolitics

After Zulum, Gubio Gets Another Endorsement

April 30, 2026
Breaking NewsHot News

BREAKING!!! Tinubu’s Govt Asks Court to Deregister ADC, Accord, Three Other Parties

April 30, 2026
Breaking NewsHot News

2027 : Jandor Dares Tinubu, Picks APC Lagos Governorship Form

April 30, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • Events
  • National Security
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • The Love of God
  • World News
  • Business
  • Crime and Investigation

9NEWS NIGERIA

  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?