Top MMM Guider Reportedly Flees Nigeria As Participants Continue To Grumble

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EFCC Breaks Words Of Admonishment To Nigerians As MMM Freezes 3 Million Accounts

There are unconfirmed reports making the round that Chuddy Ugorji, one of the leading guiders of the popular yet controversial Ponzi scheme, MMM, may have fled Nigeria along with his wife.

‘If You Are Involved In MMM, You Are Demonic’ – Apostle Suleman [Watch Video]

Chuddy Anayo Ugorji – the number one MMM promoter in Nigeria
Chuddy Anayo Ugorji is the number one MMM promoter in Nigeria

360nobs cannot authoritatively confirm the veracity of the reports, however, the internet was overwhelmed with rumours that Chuddy had fled to the Philippines in South East Asia.

“Do you know that Chuddy Ugorji made over N5bn within a year? I heard that he has relocated to Philippine as MMM ask members to provide help before they can get their money. Odikwa risky o!” a Facebook user Smith Ibe wrote.

The report of his departure is coming at a time when some of the 3 million Nigerian investors have started to lose faith in the scheme despite pleas and assurances from its management.

MMM Freeze ‘Still Effective’ 96 Hours After Come Back

This was evident last week as a number of participants in the Ponzi scheme were seen to be attacking each other with many others trading accusations due to their inability to get their money out of the scheme after waiting for more than a month.

The disgruntlement was further worsened after the Ponzi scheme announced the removal of all payment (Get Help) requests by participants earlier this week.

MMM: The Fool And His Money Are Parted

The development meant that even the poor or small investors that the scheme said upon its ‘return’ on January 13 it would pay before higher investors were equally frozen out.

Confusion As Ponzi Scheme Participants Trade Insults | “God Will Forever Punish MMM”

Meanwhile, the Securities and Exchange Commission, SEC, has warned Nigerians patronising Ponzi Schemes against investing in digital currencies such as Bitcoin, Swisscoin and OneCoin.

UNIOSUN VC Sends Strong Message To Students Who Invested “Institution Fees” On MMM

In a public notice on its website on Thursday, SEC stated that none of the individuals or companies promoting the use of the currencies is recognised by it or any other regulatory agency in Nigeria.

This is just as Apostle Johnson Suleiman of Omega Fire Ministries (OFM)  sacked one of his branch Pastors for participating in the controversial Ponzi scheme.



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