Or as us Nigerians call it – Mogbe Moku Modaran.

MMM is a Russian company founded by Russian businessman, Sergey Mavrodi.

The aim of the company is to provide cash depositors with high and immediate returns.

There are hundreds of MMM branches, mainly in South Africa, Kenya, Ghana, Zimbabwe and of course, Nigeria but many feel it is not a legitimate or reliable source of income but rather, a Ponzi scheme.

There have been so many rumours circulating about this latest Nigerian craze.

The MMM system was frozen last year and many depositors claim they lost a significant amount of money whereas others say they made thousands, even millions of easy money before it crashed but the system recently started operating again so of course BattaBox decided to ask Nigerians…

Would MMM be able to return to its glory days? And what happened to all the money that was frozen?

Here are some of their answers…

“Somebody introduced me to it…I was about to register when I heard it had packed up and I just started hearing people shouting ‘mogbe MMM!’,” one lady tells Odunayo.

“I didn’t do it, it’s not Islamic, according to Islam you don’t double money like that,” one man states.

What do you think?

Did you invest in MMM?

Thanks for watching!
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The post Nigerians: What is MMM How Is It Stealing Your Money? appeared first on NaijaTube.