MMM: Scheme not paying despite setting N31.735 maximum withdrawal limit
Despite setting N31.735 maximum withdrawal limit for participants, the Mavrodi Mondial Movement, MMM, is still finding it difficult to pay those who need help.
This is coming barely a week after it reopened operations after one month freezing on accounts that generated anxiety among participants.
Upon its return also, the MMM was said to have been considering jerking up the interest rate to 40 per cent from the current 30 per cent rate, after a top guider said MMM was indeed worried that, “the excitement and inflow has rapidly dropped.”
DAILY POST has gathered that the Ponzi scheme has set the said amount as maximum withdrawal limit so as to avoid crashing on return.
Checks, however, reveal that many who tried to withdraw even the set limit have been frustrated and have continued to hope on getting help. They say, errors response pops up each time they try to get help.
While some now rain insults on the management of the scheme, others say they are praying to get their monies back before the worse happens.
Some participants told DAILY POST in confidence that the maximum withdrawal remains the same, despite the amount of money one has invested.
On the social media, users are currently lamenting.
@goldenval wrote: “Despite over 2million there, mine is showing 31k limits.”
@suedes: “Mine is 31k Limit despite my over 800k in the account and it’s showing error if you want to get help of that 31k. I don’t know how they calculated it, the 31k is less than 5percent of my money.”
“Fedayeen02: “Who will Provide the Help undecided?”
“akpos247: “I’ve lost faith in Mmm cos I’ve been matched but wen I called the person, he said he is not going to pay. I don’t blame him cause the way things are going, I wouldn’t have paid if I was in his shoes.
“They are not consistent, they had one month to resolve the whole issues.”
@fifty: “That’s because it’s not a withdrawal limit. The programmers hv worked on P.Os to enable small cash outs for the benefit of those who have small amts.”