More than three million Nigerians who are participants of the MMM Ponzi scheme are in panic over the assumed loss of their fininacial investments as the scheme froze the participants accounts, making it very impossible for the members to cashout their money.

During the early morning hours of Tuesday, MMM participants woke up to the shocking message of a one month “freezing" on all accounts to avert an eventual collapse of the scheme.

Boldly displayed on the pages of their MMM accounts, its founder, Mr Sergei Marvodi, explained that the reason for the aforementioned measure was to ensure the sustainability of the scheme into the New Year and make it better as the year goes by.

Marvodi explained that the money of participants will continue to grow in it's cyrogenic state along with their bonuses which they would be able to cash out come Jan. 13, 2017.

He further explained that most of the participants would want to cash out their money during the festive period and that would fatally lead to a breakdown of the system as it is a mutual aid community of individuals helping other individuals.

He also added that it was also a way of ensuring the sustainability of the scheme which has been under heat from the Federal Government and the media of its collapse come December.

Marvodi however urged participants not to panic as the measure in place would only make the platform stronger with better strategies to be put in place as from January 2017.

Remember that Marvodi had written an open letter to the Federal Government explaining that the scheme was not a scam but has brought a lot of benefits to its citizens.

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