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Tag: MMM

  • Mavrodi’s death: MMM officially closes shop

    Participants in the world’s most popular ponzi scheme, Mavrodi Mundial Moneybox (MMM), are counting their losses as administrators of the programme have officially shut down operations worldwide following the death of its founder, Sergey Mavrodi.

    Mavrodi died on March 26, of a heart attack.

    The administrators of the site had in a statement issued on April 6, 2018 reminded participants of an earlier warning on the risk associated with the scheme.

    The statement reads: “Dear participants, after much deliberation, we have made the conclusion that continuing the system operation, without our leader and ideological inspirer, 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”.

    “Sergey Mavrodi’s broadmindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail.

    “We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts.

    “In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure.

    “We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering.

    “Hoping for your understanding, Administration,” the statement reads.

    The scheme had survived several pause mode and closure but could not escape the latest turn of event due to the death of Mavrodi in Russia.

  • Taking CALCULATED risks?

    Taking CALCULATED risks?

    Thinking about the concept of taking risks just brings to memory a myriad of hilarious but pitiable classic cases of people who dream big, planned little and fell very flat on their face like humpty dumpty fell from the wall.

    A typical case is the man who invested (or should I say wasted) the entire money meant for his wedding on the notorious MMM Ponzi scheme. After losing the entire money, he felt his world crashing, and decided to end it all by drinking the entire bottle of sniper insecticide.

    This is just one out of the many cases of people taking “uncalculated” risks all in the name of fueling an ambition or fulfilling a goal.

    So, how do we take calculated risks?

    First, by definition, a calculated risk is a chance of exposure to loss or failure that is estimated after its advantages and disadvantages have been carefully weighed and considered.

    There are quite a number of ways you can take calculated risk but let’s consider a few.

    1. Don’t Always Be A YESMAN

    What this mean is pretty simple, you should be prepared to turn down some really juicy opportunities. If you are a person who like to satisfy everybody, you will definitely find it terribly difficult to say NO.

    It is better and profitable to be an expert in a few things or subject matters than to have a shallow knowledge in a lot of things. Focus and attention to details is key!

    1. Always Trust Your Gut

    A lot of people confuse their natural instinct (gut) with fear; they presume that their discomfort with a thing is a clear indication not to proceed.

    Many people struggle in the place of taking risks, they assume if something feel scary or a little unsettled, it must be really risky. But this is not usually an accurate or objective way to measure risk.

    1. Balance Your Line Of Business With Innovation

    We live in an era of accelerated change. There is an urgent need for businesses to be creative and innovative. The moment you start to neglect new opportunities and avenues to innovate, your business risk becoming obsolete.

    1. Evaluate Every Opportunity With A Critical Eye

    Don’t rush into every opportunity that present itself, take a step back to examine the risk involved. Start by gathering valuable information about the opportunity. Then, you would be at liberty to consider and x-ray all your options.

    1. Control Your Fear

    Your level of fear usually has nothing to do with the actual level of risk you face. Take, for example, public speaking. It’s often cited as the No. 2 fear most people have.

    But public speaking isn’t actually too much of a risk. Sure, there are some social risks involved–people may judge your speaking ability or find your message boring, or you might commit communication hara-kiri.

    However, it is interesting to know and note that their judgment won’t kill you. And if it doesn’t kill you, it makes you better.

    1. Balance Your Emotions With Logic

    Emotionally primed and strong individuals are usually not candidates of fear, especially when it pertains to taking calculated risks. They are able to objectively analyse their outcomes – failure or success; even when they know that it could be the difference between living an ordinary life and an extraordinary one.

    It is important to assess your actual level of risk by examining the facts before you. Start by creating a list of the pros and cons and the potential risks versus benefits.

    Writing down the facts of the case and reading them over will greatly help you view the risk through the eye of logic. This is one way to balancing out your emotions.

    Also, when you’re excited about an opportunity, you are likely to overlook the obvious and latent risks. Sometimes it is advisable that you ask an expert.

    Furthermore, when you are too afraid to make a move, talk to someone with valuable experience concerning the matter. Gleaning invaluable advice from them may help you find the courage to take the leap.

    Finally, let’s get a nugget or two from 26th President of the United State of America – Theodore Roosevelt:

    Far better is it to dare mighty things, to win glorious triumphs, even though checkered by failure… than to rank with those poor spirits who neither enjoy nor suffer much, because they live in a gray twilight that knows not victory nor defeat.

  • MMM Nigeria freezes accounts, promises restart

    MMM Nigeria freezes accounts, promises restart

    The MMM Ponzi scheme in Nigeria has gain frozen all Mavros with a promise to restart.

    The notice of the decision which was contained in a statement released by the MMM Administration and titled ‘restart’ blamed the federal government and mass media for its decision.

    The organisation said it has  not been able to overcome the consequences of the crisis triggered by the authorities and mass media at the beginning of this year.

    “Despite all our efforts, the problems have been accumulating and, as a result, we have to announce a restart,” MMM stated.

    Stating that they hope that the subscribers will understand, the organisation  explained that all old Mavros acquired before the announcement was posted are frozen adding that they will be bought back gradually as the system develops.

    “All transactions with new Mavros (acquired after this announcement is posted) will be carried out on the usual terms with no restrictions,” it stated.

    Apart from this, the statement also noted that some amendments have been made to the rules, one of which requires Mavros to now start growing at the moment the request is confirmed and not at the moment it is created, as it was previously.

    “Consequently, bonuses will start growing at the moment when the main contribution is confirmed (upon which bonuses have been rewarded on). Mavro-50% for the first contribution will not be available. We launch three-month contributions of two types: 40% and 50% (see more details in WHAT IS MMM),” it added.

    Pacifying the Mavros, the statement added that as a matter of fact, a restart is not the end of the world, it’s just a restart of the system and nothing more.

    “Continue to provide help and you’ll get it all back (even if you’ve lost something now). It all starts from the beginning. It’s the most opportune time for participating. We would also like to remind you (just for form’s sake) that everyone had been fully aware of all the risks and had read the WARNING which they had also confirmed by checking the relevant box in the process of registration.”

     

  • CHISTRE, other give succour to IDP returnees in Yobe

    CHISTRE, other give succour to IDP returnees in Yobe

    The Centre for HIV/AIDS and STD Research (CHISTRE) in conjunction with Mavrodi Mondial Movement (MMM) recently, provided health services to Internally Displaced Persons (IDPs) returnees in Gujuba Local Government area of Yobe State recently.

    During the visit to the community, its medical team provided free malaria screening and treated over 500 cases of malaria and vaccinated over 300 women and children against typhoid fever.

    Speaking during a courtesy call to the Hon. Commissioner of Health, Dr Muhammad Kawuwa, the MMM Community Relations Representative, Amaka Benson said the need became necessary because of the massive influx of returnees to Yobe State.

    She said: “We provided support to CHISTRE to implement a minimal integrated health program to complement the Federal Government which is in collaboration with state government, the private sector and development partners to mobilize resources for rehabilitation, reconstruction and resettlement of the region. Notable is the Presidential Committee for the North-East Initiative (PCNI).

    MMM is pleased to be part of the rehabilitation process. We were shocked at the level of devastation in Gujuba community.”

    Speaking, Nduka Ozor, Project Director, CHISTRE, said the state and PCNI are committed to the rebuilding of the entire Northeast adding that nothing is too small to offer to IDPs in the region and thanked MMM, the state government and PCNI for reaching out to Gujuba community

    Responding, the commissioner for health Dr Muhammad Kawuwa appreciated MMM and CHISTRE, while the state coordinator of PCNI Mr Musa said that PCNI’s primary focus is to coordinate interventions for the rebuilding, reconstruction and rehabilitation of the people of the Northeast that were devastated due to the Boko Haram insurgency.

    Yobe State was at the epicentre of the Boko Haram insurgency in 2012. The insurgency which affected Guijigba Community which was almost razed down resulted in killing and maiming of thousands and this culminated in indigenes fleeing their homes.

  • MMM partners NGO on HIV/AIDs sensitization in Kaduna

    MMM partners NGO on HIV/AIDs sensitization in Kaduna

    The Nigerian chapter of Mavrodi Mondial Movement (MMM) has partnered with a Non-governmental Organization Kunak Foundation to sensitize people living with Acquired Immune Deficiency Syndrome(AIDS) and Human Immuno Deficiency Virus (HIV) on modern trends in the management of the disease.

    The sensitization talk also enabled speakers and health educators to disabuse the minds of the public about the stigma associated with the carriers of the disease.

    The event which held recently in Kaduna State drew registered  participants numbering 219 from the nook and cranny of Kaduna State and even from some neighbouring states.

    Aside the sensitization talk, the participants were also taken on a round of clinical tests at the end of the one-day program which include blood pressure clinic, weight clinic, sugar clinic, HCT clinic.

    Appreciating MMM for the generous financial donation which made the sensitization talk a huge success, the program coordinator of the foundation, Miracle BG Nyan commended the generosity of the not-for-profit online community for coming to the aid of the NGO when it needed it most.

    She said MMM had been consistent in offering the foundation generous financial donations over time to help it in actualizing its vision and mission.

    One of the registered participants of the sensitization talk, a woman in her 30s and carrier of the virus, who pleaded anonymity for the fear of being stigmatized, thanked MMM and Kunak for the timely talk, saying the talk really exposed her to contemporary information as it relates to the management of the virus.

    She also admonished Nigerians to stop stigmatizing people living with HIV/AIDS, emphasizing that being a carrier of the disease does not confer automatic death sentence on its victims.

    Kunak Foundation collaborated with Builders Foundation, Anjeed Innova,Al-Mansir Specialist Hospital, Kaduna and Women on Bended Knees for the sensitization talk which was a huge success while MMM provided the funds that enabled the talk to be actualized.

  • Group donates borehole to community

    Group donates borehole to community

    As part of their community development activities, Beautiful Soul Organization, a Non-governmental organisation (NGO), with support from Mavrodi Mondial Movement (MMM), recently commissioned a borehole at  Umuerim Avor Ntigha Autonomous Community in Isiala Ngwa North LGA, Abia State at an event which witnessed a large turnout of members of the community.

    Speaking at the ceremony which began with prayers, Dr Kelechi, Secretary BeautifulSoul Organization said: “Today we are gathered here to witness the commissioning of a borehole project. Out of love and the passion to see the man live a happy and stress-free life which is what our organization stands for, today with all Glory to God, we present this Borehole to you.”

    Among others, indigenes expressed their joy and gratitude to MMM and BeautifulSoul Organisation for the gesture.

    Appreciating the gesture, HRH Eze R.O Nwaigwe thanked the NGO and MMM stating that this is the very first water project in the community.

    The Local Government Chairperson, Hon. Ginger Onwusibe also showed appreciation. He urged other organizations to emulate MMM and BeautifulSoul Organisation, describing the initiative as a welcome development.

    Mr. Matthew Chikodi Ekwuribe, Beautiful Soul Project Manager and also a Representative of Idi na Otu Umuerim, Lagos branch, expressed gratitude for MMM and BeautifulSoul.

    “We thank MMM for assisting us in carrying out this project. May God bless you. We also appreciate the efforts of our esteemed leaders Mr Chisom and Dr Kelechi and Engr Sylvester for supporting this vision. We thank all our friends and well-wishers for their prayers and support may God bless you all. And to everyone who has made out time to come and witness this event, we pray that THE LOVE OF GOD will dwell richly in your hearts.”

    Speaking, Amaka Benson, MMM Off-Line secretary and events coordinator called on the community to make judicious use of the facility and guard it jealously stating that MMM is determined to bring hope and succour to the less privileged all around the world by empowering them.

    She said: “We understand that many years ago, an attempt was made at providing potable water for this community so when we heard about their challenges, we decided to partner BeautifulSoul for this project. They should guard it jealously and we are calling on other organizations to replicate this in other communities. This is in line with the vision of MMM.”

  • Senate to expose banks used for MMM fraud

    The Senate on Thursday vowed to expose all commercial banks in the country used by discredited Ponzi scheme popularly called Mavrodi Mondial Movement (MMM).

    The upper chamber said the exposure of the banks used for MMM became necessary so that the affected banks would face appropriate sanctions.

    The Vice Chairman, Senate Committee on Information and Communication Technology (ICT) and Cybercrime, Foster Ogola, stated this during an interactive session with banks executives on cybercrime.

    According to him, exposing the banks used for the deal would help to prevent such fraud in future.

    He also said the Senate would come up with a legislation making digital education compulsory in both primary and secondary schools in Nigeria.

    Ogola said: “We need to secure our cyberspace and financial sector against all forms of crimes or frauds as seen with the MMM operators, who came in collaborations with insiders, expressly entered into the banking system, duped Nigerians and bolted out.

    “We have to stop anything meant to defraud us from getting or hacking into our digital system. The first step now is to expose all the banks involved in the MMM fraud.

    “As a chartered fraud examiner, when the scam called MMM Ponzi scheme came with its 30 per cent interest rate in 30 days early last year, I told people that it was a fraud but many refused to listen and some of them later learnt their lessons in bitter ways.”

  • MMM partners ICVHC to provide free eye tests, free medication

    MMM partners ICVHC to provide free eye tests, free medication

    In line with its vision to bring succour to the less privileged, Mavrodi Mondial Movement (MMM), in conjunction with an NGO, International Center for Vision and Health Care (ICVHC), recently treated patients with eye problems and distributed corrective glasses and drugs to over 348 patients at the Azikiwe Community, Aba, Abi State.

    Speaking after the event, Dr Nwamaka Orlu, the Medical Director of ICVHC thanked MMM for the gesture: “I am glad MMM sponsored the project. Today 348 lives have been touched and this will go a long way to impact the community. I want to use this opportunity to thank MMM for this humanitarian gesture.”

    Chinagorom Onwuka, a beneficiary who received free medicated glasses and eye drops also expressed his gratitude and thanked MMM for reaching out to the community.

    Appreciating the gesture, another beneficiary, Ruth Ikonne prayed that God will continue to bless MMM because of its humanitarian work targeted at the less privileged. Other beneficiaries included Mr. Stephen Ezeani, Mrs. IJfoma Atiukwu and Mr. Kalu Eke among a host of others.

    Speaking, MMM Representative, Lawrence Chisom, a Guider in MMM community described the initiative as awesome!

    “Today, MMM’s charity event has put smiles on the faces of the people, both old and the young. Gradually and speedily, MMM is reaching out to the less privileged in its drive to eliminate poverty across the length and breadth of our dear country. Thank you MMM for putting smiles on the faces of people in this community.”

  • MMM, other spends N1.5m on hospital visitation

    MMM, other spends N1.5m on hospital visitation

    • Offsets patients bills, distribute provisions, toiletries and blanket to hundreds 

    In continuation of its charity drive, Mavrodi Mondial Movement (MMM), in conjunction with an NGO, Life Changing Humanitarian Services, visited three hospitals in Ojo Local Governmental Area of Lagos State recently and distributed provisions, toiletries, blankets among other items.

    Additionally, it also offset the bills of fourteen patients from these hospitals.

    At Oyems B Hospital at Iyano Oba, Lagos, Joy Chilaka, a mother of twins, while expressing her gratitude to the organisation said: “This is a very kind gesture. May God bless MMM and Life Changing Humanitarian Services.

    Adisa Olashile Jamiu from another hospital who was treated for fibroid had this to say: “I have been living with this condition for a long time and it has not been easy. I want to thank MMM for this kind gesture.”

    Appreciating the gesture, Mojisola Oyewo From KJ Hospital, a nursing mother, who had just given birth to a set of twins said: “I am very happy for what MMM has done today. May God bless you abundantly.”

    Others who benefitted are Felicia Eze, Hussien Adamu, Chinasa Obieze and Adisa Oyewo among others.

    Commenting, the Project Coordinator for Life Changing Humanitarian Services, Mrs Oni said: “At Life Changing Humanitarian Services, our main job is to visit orphanages, hospitals prisons and other foundations to render humanitarian help which we have done today.

    This would not have been possible without the support of MMM and we are saying a big thank you to them. As you can see, lives have been touched and the patients are happier. We thank God for this opportunity. We have reached out to many patients and offset the medical bills of 14 of them.”.

    Speaking, Chief Dental Surgeon at Oyems B Hospital, Dr Donald Chukwuemezie said: “This is a life changing event and we are so happy that it is happening here. The lives of 43 patients from our hospital were impacted today and they are all happy. You can see the smiles on their faces.”

    Speaking, Amaka Benson, Offline Secretary & Events Manager for MMM Charity: “MMM Nigeria this year has stepped up activities in communities from the regular peer to peer donation /charity event to a monthly peer to peer donation and monthly charity events/empowerments in various states of the country.

    “Today we are happy to sponsor this initiative in conjunction with Life Changing Humanitarian Services. Seeing the joy on the faces of these individuals makes us happy and fulfilled as a community that is set to reduce poverty to its barest minimum.

    My greatest joy today is the delicate lives that MMM has saved today through this NGO by making funds available for the patients who need blood infusion to survive. I love this job and I thank God for the privilege to serve humanity via this medium.

  • MMM Nigeria Donates N1m to Orphanage Home in Plateau

    Mavrodi Mondial Movement (MMM) Nigeria has donated the sum of One Million to Jofin Orphanage Home, Jos, Plateau State for its massive renovation.

    The financial gesture, according to the online community, is in fulfilment of its commitment to bringing smile to the faces of the needy and downtrodden through philanthropy.

    Receiving the donation on behalf of the Home, which has since begun the renovation work, Mrs Onyeukwu Chidiebere, Head of Services of the Home, thanked MMM for the cash donation, saying the gesture will go a long way in helping to carry out the facelift the Home needs.

    In an appreciation letter sent to MMM, a copy of which was made available to our reporter, Mrs Chidiebere stated: “ our hearts are filled with gratitude to have you be a supporter of the great vision despite challenges of all sort, you never know the magnitude of euphoria that overwhelmed us when we got your support. You have given us room to believe that truly, God is by our side.”

    In spite of obvious lull in the activities of the movement in the country, findings show that it has been forking out cash donations to numerous NGOs to help them actualize their vision and mission in addition to giving relief materials to Internally Displaced Persons (IDPs).