Founder of MMM reveals how scheme has empowered over 3 million Nigerians

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Founder of MMM reveals how scheme has empowered over 3 million Nigerians

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In an open letter addressed to the Nigerian government, Sergey Mavrodi, the founder of MMM, has called on the government to focus on the benefits provided by the scheme to the people rather than dismissing it as a ponzi scheme.
Sergey Mavrodi

Sergey Mavrodi

According to the News Agency of Nigeria (NAN), Mavrodi said that the scheme had done a lot to enhance the welfare of Nigerians and also decrease the rate of poverty. He further pointed out to the government that the scheme had empowered over 3 million Nigerians just within a year of its existence in the country, especially to those whose only source of livelihood comes from the scheme.The open letter also read as follows, ”˜So far MMM has come under a constant attack from you. In this regard, I would like to ask you a simple few questions. Since you are concerned with the interest of millions of your fellow citizens, I hope that you would be so kind to answer them.’”˜What are you trying to get? Do you want the MMM system to collapse and millions of people to suffer? Who will support them then if MMM is their only means of livelihood? Will you? You don’t even pay wages to people? Or might you not care about them? Might you be using a trendy topic to make a good name for yourselves? What will you say to a mother who will have no money to buy food for her child? Will you let her child die for the sake of the economy?The letter accused the government of not knowing what the scheme entails but yet continues to call it a scam and inquire for an investigation into the scheme.The letter also asked the government why hardship was prevalent in its country if it knew better for its citizens.The MMM scheme has received a lot of opposition from the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN). Also, the House of Representatives recently ordered a probe into its activities in the country.

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