Mavrodians may soon be smiling to the bank as the ponzi scheme MMM has commenced payment in batches. Some participants have alleged that the payment is only symbolic.
One Kolade Ogunwande said N17, 000 was paid into the account of one of those he registered for a friend.
“One of the accounts of my friend under my care finally got paid after investing N20, 000 on November 10, 2016 that is after her money appreciated to N35, 000. She had requested that I withdraw all her money when the scheme resumed last week and when I requested for it, she was paired the next day but only one person has paid”.
Meanwhile, the scheme has on Wednesday provided new guidelines on its blog for its participants. The guidelines are parephrased below:
As a necessary measure, we decided to set limit to withdrawal this week to the N31, 000 maximum withdrawals on your PO. We are still committed to prioritize paying smaller amounts first and gradually increase the amount to higher ones. The system does the calculation.
Between Friday that we opened and today, hundreds of thousands of GH rders have been matched. More and more GH orders will be matched as time goes on. If you see error notification when trying to Gh, just keep trying. Disregard any information suggesting that you must PH to Gh till further announcement in your PO. Freezing of bonuses for now is another suggestion to be tabled before Sergery Mavrodi for his consideration. Which means if approved, you will be able to get only your personal contributions for now until the system recovers and stabilizes. How early the system recovers depend on your positivity.