Following the news which went viral earlier today about money lending scheme, MMM’s decision to freeze activated accounts for a periodd of one month, there have been widespread panic among Nigerians especially participants in the scheme which has earlier been described as a Ponzi scheme.
In reaction to the latest development which allows users to provide held but pends the ability to get help for the period of one month, blogger and social media personality took to his page to lament how he invested his rent into the scheme.
He wrote:
A Zimbabwean also shared input on the latest development: “I am a ZIMBABWEAN and I am back again to check whether those people who saw my Post are not caught up in this. I TOLD YOU LONG TIME AGO that one way or the other MMM will crash . MMM does not invest your money or make profit somewhere so that it will pay you your interest but it’s only that yu are exchanging your money , some will get more and some will loose at the end . Thus what is about to happen. When I posted I encourage everyone to invest but when they start to change interest rates or withdrawal date I encouraged everyone to stop investing because the end is near . If yu are still putting your money now it means yu are careless with your money”
Other reactions trailing the latest development include:
