Mavrodi Mundial Moneybox fondly known as MMM, which collapsed over a year ago in some countries, particularly in Nigeria has finally shut down. Mavrodi launched his controversial scheme in 2011 and crashed in Nigeria in December 2016; with millions of Naira belonging to Nigerians still missing.
Members of MMM Nigeria must now accept their fate and bid their money goodbye forever, as the tiny ray of hope left in their minds of that something could be recovered, was finally extinguished on Friday, with the official shutdown of the website. This followed the death of the founder of the scheme, Sergey Mavrodi, a Russian, on March 26, 2018 and the announcement of the management that it does not possess what it takes to continue.
The management of MMM Nigeria , in a statement on Friday said the scheme would be shutting down due to the death of the ideology inspirer as none of them had the full knowledge that would make the scheme thrive further.
Here is the message sent to members:
After much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspirer, is impossible and makes no sense. We all carried out the tasks he assigned to us, since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the “MMM’s Ideology”. Sergey Mavrodi’s broadmindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail. We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts.
In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure.
We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering.
Hoping for your understanding, Administration.