Beware! Nigerian Man Tells Bitter Story Of How He Was Scammed By MMM (Photos)

A Nigerian man who claims that he has been scammed by the trending money doubling scheme, MMM, has cried out, lending his voice to the Central Bank of Nigeria to tell Nigerians that the scheme is nothing but a scam.

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In a mail sent to Laila's Blog, the man shared picture proofs of how it all went down, how everything went without hitches after he was introduced to the scheme by a friend and how things took a downward turn leading to his account being blocked with his N189,000 trapped in it forever!

The mail Reads:

"AUNTY LAILA : MMM DO ME STRONG THING OH!

"It started on the 19th June 2016, My friend introduced me to this MMM of a thing... I obliged and poined... It was paying well, there was no comma or full stop, not all.

"Till I opened an account for my cousin who shared the same surname. Fast Forward...

MMM ADMINISTRATOR placed my account on temporary moratorium of getting help as they provide and get help in the system on 13th September 2016 and told me to verify identity of which I did.

"After that, I kept on contacting MMM Support of which they assured me they will remove their God forsaken temporary moratorium which they have used to scam thousands of participants (not only me) as I found out they do it secretly and MMM fortifies its system with this...

That also account in a way how they pay 30% to their teeming community of 30% earners (Guiders, referrals and ordinary participants)... Only for my account to be blocked by the administrator earlier today that I used two accounts that the registration and referral bonuses have been deleted while my N90,000 I paid since when I started MMM which yielded 189,000 naira parted with the blocked account.

"Even as it hurts me being my first time to be scammed.  I will like Nigerians to thread with caution with this MMM of a thing and keep on pursuing their dreams as there is dignity in labour. MMM IS A SCAM. For the record,,, my blocked account in MMM is et4ita01@outlook.com with N189,000 trapped in it.

"The account am accused of violating their policy is Etetimita345@gmail.com which is also on their temporary moratorium (meaning another scam as that was how they started with my account et4ita01@outlook.com) Attached are supporting documents / screenshots before MMM CONTROL AND REVISION OFFICE (CRO) played a fast one."

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The Central Bank of Nigeria (CBN), SEC and other private organisations have all issued warnings on several occasions telling Nigerians to desist from the ponzi pyramid scheme which according to the apex bank, was fraudulent since it does not have the backing of any business model.

Despite the warning, however, millions of Nigerians get registered daily into the scheme while those already involved are insistent on continuing describing it as the only way out of the present economic crunch in the country.

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The secret code to making a lot of money on the internet is through generating a sustainable multiple streams of income through various online businesses.

For instance, one highly successful internet marketer by name Gbolagade Adetunji made over N1.2 Million Naira monthly in less than 5 months. 6 months later, he was already making steady and reasonable amount of money online.

He did not make that money from MMM Nigeria and I doubt it if he will even be remotely interested in the pyramid scheme. He is so rich now that he does not need any "HELP" from the scheme!

There he is cruising his H3 out. Of course, it's damn pleasurable to drive in. You can believe that!

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4. Football Betting

5. Importation Business

6. Referral Programs

7. Information Marketing (The ultimate one which contribute over 50% of his earnings)

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