Following the reported death founder of  Sergey Mavrodi, his Ponzi Scheme, Mavrodi Mundial Moneybox (MMM) which collapsed a year ago have forced the management of the Schemeofficially announce its shutdown in Nigeria.


A Statement released on Friday, on its website reads” Dear participants, after much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspire, is impossible and makes no sense. We all carried out the tasks he assigned to us, since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the “MMM’s Ideology”.


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