Port Harcourt - Popular money-doubling scheme, Mavrodi
Mundial Moneybox (MMM), has placed one month ban on all withdrawals starting
from Dec. 13.
A letter displayed on the page 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.
According to the letter, the ban on withdrawals is partly
due to negative reports by the media on the scheme.
The letter reads in part; “one-month freezing of confirmed
“Dear members, as usual in the New Year season, the system
is experiencing heavy workload. Moreover, it has to deal with the constant
frenzy provoked by 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 just three weeks left to the New Year.
“On the basis of the above mentioned therefore, all
confirmed Mavros will be frozen for a month.
Also read: Acess Bank opens up on MMM, writes customers
“The reason for this measure is evident. We need to prevent
any problems during the New Year and then, when everything calms down, this
measure will be cancelled, which we will definitely do.
“We hope for your understanding, Administration.
It could be recalled that the Securities and Exchange
Commission (SEC) and the Central bank of Nigeria (CBN) have warned Nigerians
against participating in the scheme which it described as a “Ponzi”.
The House of Representatives had in October ordered an
investigation into the operations of the scheme.
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