WHY THE FEDERAL GOVERNMENT MUST STOP THE OPERATIONS OF MMM IN NIGERIA

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After a long period of silence which might not be too long after all, just one year, I have decided to lend my voice to the cry of those constantly writing me personally and on social media wanting to know the truth about Mavrodi Mondial Moneybox (MMM). As opposed to many voices who have been speaking out about and its founder Sergey Mavrodi, I feel I am in a unique position perhaps more than any other Nigerian to talk on this subject. This my treatise therefore is going to be a detailed presentation and analysis of why every Nigerian must begin to raise their voice against MMM and similar Ponzi schemes and pyramids in our nation. Since this is going to be a detailed and an analytical work, I will therefore like to break it down into seven significant parts. This first article is only introductory, after which there will be seven different parts that will convey my argument to those Nigerians who are willing to know the truth. 1. I AM A WITNESS. I have been living in Russia the former Soviet Union for the past 30 years of my life. In 1997 I personally witnessed the emergence of Sergey Mavrodi and his MMM network. I have seen the results and devastations his activities have brought to millions of people in this part of the world, so I think my opinion deserves to be heard. 2. I AM COMPELLED BY MY PAIN. Moreover, I as a pastor have been embroiled in a very strenuous court proceeding and scandal for the past eight years of my life connected to some of my members who were involved with dubious financial organizations similar to MMM. I will deliberate more on this below and why I think that every pastor in must raise their voice against MMM and such schemes before it is too late. I am willingly coming forward to present my case as an example and a proof to why every Pastor needs to start a campaign against the MMM network before it backfires against them and their ministry. 3. TRAGEDY WAITING TO HAPPEN. Nigeria unfortunately is a country where everybody is at first excited about tragedies waiting to occur. Before the tragedy actually comes knocking, every other person is excited and dismissive of the possibility. Meanwhile when the inevitable takes place, we turn it to a whole mass tragedy. Just last week the country witnessed such a tragedy when a church building in the southern part of Nigeria collapsed, with hundreds of Nigerians perishing as a result. Earlier, a similar tragedy occurred in a prominent church in Lagos. Yet the excitement in churches continued until another church tragedy struck. I will liken MMM to a similar tragedy waiting to happen. Only in this case the devastation will be much more disastrous for the nation as a whole. 4. THE TRAGEDY OF SILENCE According to MMM statistics, there are already over three million Nigerians involved in MMM. The scope of this tragedy could possibly affect a large percentage of Nigerian homes and families. If it is not stopped on time, it is the same Nigerians who will be crying foul as to where the government was looking and why well-meaning Nigerians did not speak out to stop it. The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing – Edmund Burke 5. THE BLIND LEADING THE BLIND The next reason I feel compelled to talk about this organization and its network in Nigeria is because of the Nigerian promoters of this scheme. I took my time to listen to their presentations on YouTube and I could not help but feel great compassion for them. Listening to them, I could clearly see that they themselves don’t know what they are involved in. It is amazing that it is these rather ignorant and gullible people that have brought in a greater number of even more gullible people, which poses a great danger to a large number of Nigerians. I wish to use this medium to try and appeal to their conscience to stop the impending danger. In my in-depth analysis, I will be using the very same points they used in their presentation to open their eyes to see why this is a very dangerous scheme they are involved in. 6. MR. MAVRODI, LEAVE OUT OF THIS, I WILL PROVIDE ALL YOUR ANSWERS! Another reason why I have now decided to speak out is because of the letter Sergey Mavrodi the MMM founder wrote to the authorities of Nigeria. It is very clear that Sergey Mavrodi is trying to treat our country and its leaders in the same stereotypical way Europeans treat Africans. In his letter, he raised some questions that he was asking the Nigerian government to provide answers to. President Buhari does not need to worry about providing him with any answer, I will provide all the answers to him - why his organization is a scheme and why it should not be tolerated in Nigeria. 7. “GOVERNMENT MIND YOUR BUSINESS” – REALLY? Finally, I quite understand how much Nigerians have lost faith in their government and government agencies. However, it is foolish to disregard warnings from the authorized government agencies who are responsible for monitoring financial activities in the country. Unfortunately, despite stern warnings from the Central Bank of Nigeria and the financial regulatory commission, our people will rather neglect this with a spiteful response such as “mind your business.” CONCLUSION Dear friends, I hope you will look forward to reading the next seven parts of this article. Like I have mentioned earlier, each of these seven points mentioned above will be substantiated with tenable facts and arguments. I hope to release them on a daily basis. FOR THE LOVE OF GOD, CHURCH AND NATION By Pastor Sunday Adelaja

7 Comments

  1. shotonwa samson

    December 13, 2016 at 6:45 pm

    interesting write up. Please tell them more.

  2. Egwuatu Mary

    December 13, 2016 at 7:32 pm

    I don’t know about that but what am certain about is that MMM will crash someday if not today

  3. Paul Emmanuel Chinedu

    December 13, 2016 at 7:38 pm

    MMM helped so many nigerians including Paul.
    MMM is amazing.

  4. Adeyemi Adeleye

    December 13, 2016 at 8:47 pm

    MMM FOREVER
    It is with great sense of pain that I am putting
    this piece together.
    I have been very disturb with the care and love
    that our rulers in Abuja are now extending to us I
    mean MMM Nigeria community members. Initially
    I wanted to fall for this sudden show of love
    from our actual tormentors but with a nostalgic
    rumination I came to the conclusion that the era
    of using amala,tuwo,groundnut oil, #1,000.00 to
    buy vote would come to an end if the MMM
    scheme is to be sustained. So the concern of
    the Nigerian authority is threat rooted.
    Apart from the government another surprise
    package for me is the media. The media
    suppose to be the fourth estate of the realm,a
    mouth piece for the oppressed and downtrodden.
    The big question is,have they done this? Are they
    doing this? The answer can be gotten from the
    role they have been playing in recent time. The
    capitalist in our midst are you using them to
    ensure that MMM ends so that they can continue
    to exploit labourers. Are they not the ones
    paying graduates ridiculous wages and salaries?
    How can the groups above be the ones weeping
    for the bereaved. Why not let them loss
    something before weeping.
    In this saga is another group that I call bad-belle.
    These are people that are not interested in the
    progress of another. If they should have their
    way MMM should die now.
    It is also very interesting to hear and see real
    fraudsters and petty 419 saying that MMM is a
    fraud and they would spread any news that talks
    about the collapse of MMM. Together they even
    celebrate analysis that points to the collapse of
    MMM.
    What is your own if I should lose my money?
    If the so called government has played it’s role
    well would Nigerians be looking for alternative in
    MMM? If the rich has not deliberately put the
    poor under continuously would MMM be a
    succor?
    Why should anyone come up with an ordinary
    advise without solution to poverty.
    MMM has shamed our government and the
    exploiters.
    I know your real fear. Your fear is not because
    you do not want me to lose my money. Your real
    fear is that very soon your yoke of poverty would
    be broken, that is your real fear and it would
    come upon you.
    If you like employ men of God to use their pulpit
    against MMM it shall not work. Your fear shall
    come upon you.
    MMM forever.

  5. idris yayah

    December 13, 2016 at 11:40 pm

    I pity the last set of persons to invest in MMM
    before it crashes. They are the ones who would
    pay for the 30% bonus people are currently
    flexing.
    FG should let it live it’s natural lifespan. Whether
    they shut it down now or it crashes in the future
    under the weight of it’s 30% interest, there would
    be casualties anyway.

  6. Chibuike Ani

    December 14, 2016 at 9:00 am

    Very nice write up but this line got my attention ” Nigerians have lost faith in their government and government agencies”

    • Okey ND

      December 17, 2016 at 6:47 pm

      Very well put.