Nigeria’s
number 1 Ponzi scheme, MMM Nigeria, is back. This is according to a statement
issued by the official Twitter account.
“This is to officially
inform you that MMM Nigeria is open for business a day earlier than promised!
Let’s go there Nigerians,” the post said.
This time around the
Russian Ponzi scheme is back with new conditions, which includes encouraging
its members to use bitcoin for transactions.
Upon resumption, the
scheme says its members will now be able to pay and receive money in bitcoins,
the digital currency.
MMM cites bitcoin’s
steady growth in value as a reason for participants to adopt the currency.
“In a month, not only
30 percent will be added to your initial amount, but, it can increase itself
due to Bitcoin price growth,” MMM’s letter to its participants partly reads.
Last week, MMM
promoters issued instructions to its participants whose accounts were frozen,
to perform “Promo Tasks: A New Tool for MMM Community Development.”
In the MMM message,
subscribers were told to perform tasks, both online and offline, to promote the
scheme and drive “traffic and participation” by the time the restriction on the
account is lifted.
See a
copy of the statement attached.
MMM, which before
suspending operation on December 14 had over 3 million participants in the
country, made inroads into the Nigerian investment market in 2015.
MMM’s decision to
suspend the accounts of its patrons in 2016 threw millions of Nigerians into
anguish.
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