Lagos - Chuddy Ugorji denies widespread reports that he set up MMM in Nigeria.
After several reports alleged Chuddy Ugorji was the mastermind behind MMM Nigeria, the man in question has come out to deny these claims on Facebook.
He wrote an open letter addressed to his fellow 'Mavrodians' and stated that MMM Nigeria is not his creation.
He stated that he is one of the admins of the Ponzi scheme in Nigeria and not the owner.
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He also allayed the fears of the investors and wrote "Frozen of Mavros does not mean MMM has stopped operations or crashed rather the system has adopted this measure to avoid any mishaps. The support system are working on issues to enhance the effectiveness of the community."
He also stated that he has not been to the Philippines before which was in response to claims that he created the Ponzi scheme in partnership with foreign businessmen