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MMM Nigeria. Tried It Yet?

Some months ago the SEC made a release stating that MMM is a fraud. Today CBN is in the news basically saying the same thing. Two weeks ago in Kenya I saw a similar statement in the dailies saying that MMM is now in Kenya and urging Kenyans not to fall for this new scam called MMM. 

If you ask me what MMM is I'm not sure how exactly I would define it. It's some structure that sounds uncomfortably similar to a ponzy scheme. It urges you to put in money with promises that one month later you get your money back plus 30% of the amount you put in. You can either take your money and go or put it (your new pay and maybe more) back and get another 30% in another month. I think you also get some points for referrals...

It does sound like a ponzy scheme, yet those involved in it swear it's not. I know a number of blog readers and friends currently "investing" in MMM and they all swear that it's the real deal and they've gotten their monies plus 30% after a month. After the initial payout most of them put the money back in and even more, to get more money in one month. 

So yes, many swear by it, they say it's no scam, they say they're getting their money plus 30% back with no issues, and they say MMM actually augments their income, some students say that's how they've been getting by. See some comments I saw on some nigerian blogs for instance;

I am an active participant of MMM Nigeria and i am telling you that MMM is not a scam in any way.Ve made hundreds of thousand in naira from MMM. MMM is very real and sweet. Beside y is it that pple want to swallow panadol for me.if MMM is a fraud make una let us be.long live MMM Niger

I am getting has changed the lives of countless jobless youths and sacked family men and women…it has removed shame from the face of families who had to remove their kids from school and put food on their table

Mmm Nigeria is a favour that comes to rescue us from Pmb madness, cbn is a ful time fraud of its own, the enemy of mmm Nigeria will die off before mmm, may your prayer to mmm comes back to you in hundred folds, up mmm

MMM is for real. Government and banks do not want them because they have created more opportunities round the world. Is it only in Nigeria? Please be wise and make for yourself. No fraud in it, I am a living testimony. Is for real and never a fraud. Let’s fight this course for our own good.


So how come all these financial institutions keep warning people that it's a scam?

Now tell us, which of my TTB Fam is investing in MMM? Share your experiences with us and tell us why you're so confident in it. For the others, what are you waiting for? πŸ˜‚



  1. I have not tried it and am not planning too...One of my church members dedicated her car on Sunday all from MMM,but to me it is a time bomb waiting to explode...Anytime I hear MMM,I remember old time penny wise...TNHW

    1. Nne whenever you do reconsider, do let us (me)

    2. Hmmm...Sasha even you abi?πŸ™ŒπŸΏπŸ™ŒπŸΏπŸ™ŒπŸΏπŸ™ŒπŸΏπŸ™ŒπŸΏ

    3. What?? Somebody bought car from MMM proceeds? Shet!


  2. abeg.. v made close to a million naira on mmm (and I'm not even a guider)..If it wants to crash it should crash on my head.. I will carry it. .. long live mmm

    1. What?!? Close to a million?? Shet!


    2. πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
      It should crash on your head!!!

    3. πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚ TTB ADDICT!!!!!!

    4. Rotflmao crash on ur head u say? πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

  3. abeg.. v made close to a million naira on mmm (and I'm not even a guider)..If it wants to crash it should crash on my head.. I will carry it. .. long live mmm.. I'd be happy to register u o Thelma.. coman do mmm

  4. Lol

    To whom it may concern...

  5. The truth is that MMM is not sustainable, at some point it will crash i.e when people that want to cash out outnumber the people that want to contribute. It is paying at the moment that I can assure you. Personally I think anyone investing in it should invest money they can afford to lose. I know someone that started with 1 million. He made over 400k (his friend referred him so he chopped referral too) so every month now he does 200k. Even if it crashes tomorrow he didn't lose anything.He is contributing from his first profit. The hardship in Nigeria is not helping matters. J

    1. Exactly my view too. It's a time bomb, but beneficial for now. Bc we don't know wen it'll crash, invest d amt u can afford to lose wtout heartbreak.

  6. So yall are saying if I drop N1m, in 30 days Ill have N1.3m? Whaaaat?! This temptation is too mad. But I know its the day I put my money that the shege will now crash. Abeg abeg *Walks away


    1. Kon...Let that you mentality keep ringing in your head man..If you try it,you are on your own..😁😁TNHW

    2. Uncle,im willing to be ur potfolio manager if you wld let me. Lol. And no, "your" money wldnt be what wld make it crash..

  7. " some point it will crash i.e when people that want to cash out outnumber the people that want to contribute..." - J.

    I discussed with someone involved at length today and he told me the EXACT same thing. He also said the 30% (and the 10% each referee gets for every single referral) comes ENTIRELY from new members. Right now MMM is behaving like a typical (Nigerian) insurance company that won't tell you the disadvantages of the scheme. They've however said that it is NOT an investment scheme (as most..if not all Nigerians involved have taken it to be), therefore they recommend putting in "funds that could be spared", in other words, "money wey no go pain you if e loss". Lool. This is because they have no GUARANTEES to give participants.

    I've tried it once and it's quite cool, but now? I donno o. Lol. Anyway, it isn't a ponzi scheme, it is real and legit, and at least they've given all and intending participants heads up on what could happen if there's a possible *disaster* in the scheme. So put your money but don't sell your property because of MMM o! Ehen..!

    1. Memphis,it's like you saying you have tried Baba ijebu,sure bet, naira bet...Hian!!!you have big liver oh..TNHW

    2. Hahaha. Baba Ijebu and SureBet no sure na. MMM sure pass...for now though. Incase you want to participate, don't put serious cash. Just cash you can spare.

    3. Memphis,I don't want your advice..πŸ™„πŸ™„πŸ™„πŸ™„...TNHW

    4. Nigerians won't here now...anything for fast cash. I thought it was common knowledge that pyramid schemes are no go areas...didn't it just crash in one South African country, and the government can't do anything because it isn't illegal all they can do I warn you and people are still adamant. It's not about if it'll crash it's about when. Hooefully when it does, you all didn't put your life savings in it

  8. MMM is Ponzi scheme, plain and simple! A Ponzi scheme (/ˈpΙ’n.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.

    It is not about if it will burst but when. It is not new in Nigeria, we have had umana umana, NOSPECTO, etc.

    There is no shortcut to wealth aside hard work and God's grace (luck).

    1. But Uncle,hardwork is a curse na. Adam was cursed to till the soil for food and co. Christ has died for me and thus that curse is lifted from my life. Up MMM! Lool.

    2. I've been seeing "Investors" "Investment" in this comment. MMM actually has almost the same concept as Esusu. It's not about investment. It will crash sooner than later no doubt, mainly because almost all participants are "Investors".

      Most of the referees don't take time to explain the concept and end up telling intending participants that they've acquired limos and private jets from MMM. What do you expect people to think, especially in this Buhari economic situation? They won't hear another thing but "30%". And since people are "buying private jets" from MMM, some people end up putting their life savings into the scheme. The participants make it look like it's ponzi.

  9. MMM = Moku Mogbe Modaran scheme (copied)

    Enjoy it while it lasts... some people are cashing out sha. But I shall not be moved!!!

    1. "Moku Mogbe Modaran scheme".

      Blood of Zachariah! You people will murder someone with laughter one day..

    2. Hahahahaa. Naize wan..

      Well,our economy crashed, our Naira is still crashing, oil price too and even marriages crash and no,they aren't ponzi

      Ps: whenever ur thus moved,holla..

  10. πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚...Together we stand..πŸ‘πŸΏπŸ‘πŸΏπŸ‘πŸΏπŸ‘πŸΏπŸ‘πŸΏTNHW

  11. Well, "money wey no go pain you if e loss" is the only sentence that makes sense to me in all of this.

  12. I don't have 'spare cash'. I never have spare cash. I always have one plan or the other awaiting cash for execution.

    MMM not for me.


  13. Thank you oh TNHW,you hit the nail on the head. It is a time bomb waiting to explode, that people have made money from it or are making money from it doesn't change the fact that it is a ponzy Scheme. Personally I am done advising anyone not to do invest their funds in MMM again,shebi it's your money,go ahead,just please keep mum and suffer in silence when the losses start rolling in,that will be soon mark my words. I am incredibly amazed though at the jumpiness of Nigerians at any 'get rich quick' tingie going on. No-one asks any valid questions,so you invest and get it back with 30% interest,what exactly is your funds been used for? I am told it's a mutual Aids scheme,seriously? MMM is gonna crash because the system in place is not sustainable, what the owners would do is bail out at that point when the ratio of people signing on doesn't sync with those waiting to receive,whats will be worse is that they are going to bail with people's funds Another wonderbank......penny wise

  14. 12.12.2016 One-Month Freezing of Confirmed Mavros
    Dear members!

    As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.)

    Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.

    The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))

    We hope for your understanding,


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