Poor people are our priority, MMM Nigeria insists

The popular wonder bank, Mavrodi Mondial Money Box, otherwise called MMM, which is a Ponzi scheme that froze participants accounts for a month, returned at about 11:am , with a strong promise to pay the poor before the rich.

The scheme which was scheduled to make a return on January 14th, said it was setting a limit on daily withdrawals, this is in order to  control panic withdrawals. A statement issued by MMM founder Sergey Mavrodi, stated that: "The holidays are over and we are now open. Just as we promised. Actually as we also announced late last year that we will be back in business, we are now back and even better as we have worked on improving our services.

I want to believe that the members of the system will forgive us for whatever inconvenience we may have caused them by our short break. Its related to the hysteria raised by the authorities and the mass media around MMM. By joining forces, we have managed to nearly give the members of the system a heart attack and frightened them out of their wits.

Poor souls don't know what to expect. Will we open again or not? This is solely why we have decided, considering the situation, to reach out to the members, re assure and cheer them up by opening a little earlier. Citing panic withdrawals as a reason, the MMM said payments would take a few days. It called on the various media to leave the scheme alone.

As of this notice, MMM resumes its usual operation. Members of the system can now create their GH requests. However, its obvious that panic will reign supreme in the first few days after the reopening of the system. We are likely to be deluged by GH requests. Because of this, we are going to make a gradual paybacks by setting internal output limits. In other words, we will only pay a certain amount per day. Please be prepared to wait for a couple of days. We are certain things will calm down, and the system operation will return to normal.

We are the ones setting the limit, so it is completely under our control, and we are not expecting any emergencies in principle, Have no fear and go on about your normal business as usual.