Mavrodi Mondial Movement, known simply as MMM, has frozen accounts of participants, sparking fears that the Ponzi scheme has crashed.
The Ponzi scheme, which has since been declared illegal by the Federal Government, in a message to participants, confirmed that it has frozen all accounts.
It, however, insisted that the scheme had not crashed and that the accounts were being frozen for only one month to avoid challenges during the Yuletide.
Dear Mavrodians, keep calm. MMM Nigeria has not and will not crash. This is a step in the right direction. Continue to PH as usual. #MMMPays pic.twitter.com/qh1FlxT1F8
