There were signals of panic and restlessness among participants of the popular yet controversial money-doubling ponzi scheme, MMM, on Tuesday morning following news that the wonder bank has been shut down.
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According to reports, the MMM Nigeria has been shut down for a month due to what the operators termed, “heavy workload”.
The news is coming barely a day after the founder, Sergey Mavrodi, was quoted to have written an open letter to the Federal Government of Nigeria to justify the importance of the scheme.
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