Ponzi scheme company (MMM) Founder, Sergey Mavrodi has allegedly written an open letter to the Federal Government of Nigeria explaining the benefits of the scheme. According to www.nan.ng the letter was displayed on the page of all participants of the Scheme. Recall the the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) had warned Nigerians against participating in the scheme which it described as a “Ponzi”. The House of Representatives in October also ordered an investigation into the operation of the scheme. According to the letter, Mr Mavrodi implored the government to look at the benefits of the scheme rather than be against it without knowing how it was helping Nigerians. He insisted that if the government was really interested in the welfare of the Nigerian participant, then the scheme should be left alone arguing that MMM was helping the over 3 million Nigerian participants. Read below the full script of the letter as obtained by our correspondent from the Dashboard of one of the participants. Open Letter from Sergey Mavrodi to the Nigerian Authorities Honorable authorities, So far MMM has come under a constant attack from you. In this regard, I would like to ask you a few simple questions. Since you are concerned with the interests 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 now MMM is their only means of livelihood? Will you? You even don’t 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 higher interests of the economy? You say that MMM is a scam. What is the scam here, if all members are warned in advance about all the risks, the possible and impossible ones? They know there are no investments at all. The warning is a red text on a yellow background placed on most prominent place of the website. You say that MMM is bad. Why? Yes, it produces nothing, but nothing gets out of the country either. The money is just redistributed among the citizens of Nigeria. It gets from those who are richer to poorer ones, in this way restoring social justice. What”s wrong with that? You have repeatedly stated that “it should be investigated!.. researched!..” It means you know nothing about this System yet; you even haven’t understood how it works……… And finally. If you know what is right for people, why is the life so bad in the country? Sincerely yours, Sergey Mavrodi P.S. As for your statement that “everything will collapse soon”. The system has been working in Nigeria for a year, and according to your estimates, the total number of members now is about 3 million people. In Nigeria the population is approximately 195 million. Can you calculate? Will it be “soon”? http://www.vanguardngr.com/2016/12/mmm-founder-mavrodi-writes-fg/

I reserve my judgement!

nigeria no fit shut down MMM
buhari go just die..........
the kain curses and evil people will place on him will kill him!
i have just vibrated!

okay

And the battle keeps raging!!!

Buhari can't not stop MMM because he needs the vote of millions of gullible Nigerians who fall for it and for "men of god".

Why are people loosing sleep over MMM. MMM this MMM that. Did we ask them for money to PH? Na Nairaland mod's dey annoy me pass.

Long live MMM

Mavrodi is still a scammer. Shikenan

Long Live MMM. MMM PAYS.
TOGETHER WE CHANGE THE WORLD.

farano:
Long live MMM

So you're on MMM too?

pxjosh:
So you're on MMM too?

If you ask me na who I go ask?

Buhari do your worst oh. Mavrodi has poked his Russian finger in your eye. Shame shame shame SHAME!!!! Garrigarri head! Loi loi head. Coconut head! Nonexistent head!

My only regret is that I joined MMM late.

Who else saw this part?

And finally. If you know what is right for people, why is the life so bad in the country?

Mavrodian for life

This wonderful article won't make front page I swear

If you can't provider jobs for millions of sacked workers, Tones of fresh graduate and can't pay pensioners/ state government workers' outstanding salaries. Just leave them to MMM abeg.

Oro ti so ra e

BornStunner1:





Are u telling me that buratai can't launch operation Lizard Laugh on this guy and his team?And finally. If you know what is right for people, why is the life so bad in the country?this question sweet my belle die,this guy was bold enough to teach our government economics to defend an obvious ponzi business just because he is aware our commissioner for finance na small polytechnic girl,well its late to stop MMM in Nigeria,only
MMM and Nigerians can collapse it not our lazy government after all NFF don carry our girls money do mmm,hoping to pay them by January when the deal go mature in one month.

operations lizard run lol

There's no evidence this was written by the russian scammer .

R

..

ritababe:
okay

Goodmrng madam u sef dey fire MMM?

farano:
If you ask me na who I go ask?

Chai. U sef wan buy car and build house quick quick?

This is serious!

wristbangle:

Goodmrng madam u sef dey fire MMM?

lol, I nor they but I fit give you link incase you wan register

Get ur VPN ready fg may soon order telecoms services to block mmm ip to avoid access to the website...

ritababe:


lol, I nor they but I fit give you link incase you wan register

Eh ehn! U dey push me into something whey u no do. Na which kind person u be sef?

bedford101:
Get ur VPN ready fg may soon order telecoms services to block mmm ip to avoid access to the website...

Abeg no come cause panic for here.

wristbangle:


Eh ehn! U dey push me into something whey u no do. Na which kind person u be sef?

lol, you they fear?