Tuesday, 13 December 2016

Founder of MMM writes an open letter to the Federal Government of Nigeria

MMM founder

Ponzi conspire organization (MMM) Founder, Sergey Mavrodi has purportedly composed an open letter to the Federal Government of Nigeria clarifying what benefits Nigerians derive from the business.

As per www.nan.ng the letter was shown on the page of all members of the Scheme.

Review how the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) had cautioned Nigerians against taking an interest in the plan which it depicted as a "Ponzi". Also, the House of Representatives in October likewise requested an examination concerning the operation of the plan.

As indicated by the letter, Mr Mavrodi entreated the administration to take a gander at the event of the plan as opposed to be against it without knowing how it was helping Nigerians. He further demanded that if the legislature was truly keen on the welfare of the Nigerian member, then the plan ought to be allowed to sit unbothered contending that MMM was helping the more than 3 million Nigerian members.

Below the detailed content of the letter, which was extracted from the control panel of one of the member of MMM:

Open Letter from Sergey Mavrodi to the Nigerian Authorities Honorable authorities,

So far MMM has come under a constant attack from you. In this regard, I would like to ask you a few simple questions. Since you are concerned with the interests of millions of your fellow citizens, I hope that you would be so kind to answer them.

What are you trying to get? Do you want the MMM System to collapse and millions of people to suffer? Who will support them then if now MMM is their only means of livelihood? Will you? You even don’t pay wages to people? Or might you not care about them? Might you be using a trendy topic to make a good name for yourselves? What will you say to a mother who will have no money to buy food for her child? Will you let her child die for the sake of the higher interests of the economy?

You say that MMM is a scam. What is the scam here, if all members are warned in advance about all the risks, the possible and impossible ones? They know there are no investments at all. The warning is a red text on a yellow background placed on most prominent place of the website.

You say that MMM is bad. Why? Yes, it produces nothing, but nothing gets out of the country either. The money is just redistributed among the citizens of Nigeria. It gets from those who are richer to poorer ones, in this way restoring social justice. What”s wrong with that?

You have repeatedly stated that “it should be investigated!.. researched!..” It means you know nothing about this System yet; you even haven’t understood how it works………

And finally. If you know what is right for people, why is the life so bad in the country?

Sincerely yours,
Sergey Mavrodi

P.S. As for your statement that “everything will collapse soon”. The system has been working in Nigeria for a year, and according to your estimates, the total number of members now is about 3 million people. In Nigeria the population is approximately 195 million. Can you calculate? Will it be “soon”? :-))


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