MMM Resumes Operation, Urges Nigerians To Continue Investing

Twenty four hours to its promised date of return, MMM, one of the world’sbiggest Ponzi schemes, which caused panic by freezing the accounts of about three million Nigerians a month ago, has resumed operation.
The controversial social community financing scheme announced its return in Nigeria yesterday, calling on interested persons to resume their investment on the platform.
The site of the scheme had been open and running since yesterday that the operators officially announced that it had come back.
In a letter to participants on Friday, the MMM said, “The holiday are over, and we’re now open. Just as promised.”
Financial authorities, which have since declared the scheme illegal, have yet to comment on the latest development.
Signs that the scheme might return as promised began to show when on January 11 ahead of the promised date for resumption, MMM guiders held a meeting and shared their resolutions on the group’s Facebook page, where it was stated, among others, that that the scheme would be open again to participants on January 14, 2017.
It was also stated that the guidelines for the new model would be published on participants’ personal office (PO) before Sunday (tomorrow) on the news section. This will explain how the new model works.
It also stated that Mavro would continue to grow on Tuesdays and Thursdays as it was before.
Ahead of January 14, MMM Nigeria announced that it will be introducing Bitcoin as a new form of payment. Before accounts of MMM participants were frozen, they were allowed to provide help in bitcoin, but they were paid back in naira. Bitcoin, the increasingly popular digital currency, was the best performing currency in 2016.
Members were urged to start promoting the scheme ahead of the comeback on ahead of January 14 comeback.