Nigerians woke up this morning to the news that accounts of Nigerian MMM users, have been frozen for a month.


The site in a statement released, said the accounts will be frozen till January. Many have interpreted it to mean the site has crashed.


See twitter reactions to the news after the cut.

Source: http://www.flexygist.com/2016/12/13/nigerian-twitter-user-react-to-crash-of-mmm-nigeria/

Seun, Lalasticlala, Mynd44

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We haven't seen "Om...a" for days, niggar is probably **** by now

M again

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Bad Xmas For 3 Million Nigerians ... Time to face the Recession with Buhari

How I wan take return the money wey I borrow to do MMM , I can dash dem d 30%

Edakun epp me


*modified*
I swear to God ,my Mmm match just paid to me right now now now . I'm so happy
But people get mind o

Second name for Twitter should be "Chemical Reaction"

They are always reacting.

But some of the comments are funny sha. Make I no lie.

OWKK oooo. Na so some people own take finish

Oh come on. The writing was on the wall abeg.
Next scam investment please

We no hear word againo MMM hmmmm

OBODO EDELUGO JIGI-JIGI EH! Odeluwo YAGA-YAGA LEE!!





Chai my first mmm payment, i go be like

Ponzi scheme....ponzi scheme......

A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Ponzi schemes occasionally begin as legitimate businesses, until the business fails to achieve the returns expected. The business becomes a Ponzi scheme if it then continues under fraudulent terms. Whatever the initial situation, the perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.

The scheme is named after Charles Ponzi, who became notorious for using the technique in 1920. The idea, present in novels (for example, Charles Dickens' 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit each described such a scheme), was actually performed in real life by Ponzi who with his operation took in so much money that it was the first to become known throughout the United States. Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors' money to make payments to earlier investors and himself.

Source: Wikipedia

Non participants taken MMM ish personal


Am not understanding


MMM crashed in ur dreams

The site is still up and running, those matched before today are still providing help better check up the meaning of crash


Anyway MMM seems to have become another cucumber story on nairaland


Op what of reaction from 2go??

LMAO FTC. .show me MMM love

.

bad gan

Santa is an unforgiving bastard_



...MMM again!!!

Thank God se i neva do but i believe this story is false

VickyRotex:
Second name for Twitter should be "Chemical Reaction"

They are always reacting.

I pray it doesn't get nuclear.

They were warned !
Fly wey no dey hear word e dey follow dead body enter grave

MMM account was frozen December 2015 and started working on January again so its not the first time is being done,but what I don't understand is why are we Nigerians happy whenever we think someone lose something but envious when he or she is living large
why are so many of you happy that these guys cannot get their money as at when due and even suggesting that their money has gone entitrely,looking at the comments since this morning and you will know that people are happy about this.
if you understand these schemes you will know they might even crash this December if everybody withdraw their money for yuletide celebrations so in other words they are saving their customers
I don't trust these ponzi schemes because I believe they don't last but am not happy that someone you know will lose money he planned to spend on xmas

To before warned is just to before harmed. I'm watching in 3D...

This is the best time to enter the "Coffin buisness"

Abeg I can't laugh, heart attack will kill people dis Christmas

I am suppose to cash out this week #500000 don enter bush mogbe moku modaran........