Why MMM Suspended All Payments For 1 Month

Now that MMM suspended all payments, will the scheme crash in Nigeria – No, it won’t: so don’t panic – panic won’t help anyone. While the administrators of MMM communicated the several reasons for suspending payment on a scheme 3 million Nigerians have benefited from(also becoming 5th most visited website in Nigeria in last than 1 year), the main reason is however lost in the piles of explanations – official and unofficial. On Twitter at 6:30 p.m. Monday night, MMM Nigeria said interested participants should be cautious and use only their “spare money” – that is, the money you can afford to do without. “MMM has always advised that you use your #SpareMoney. Use your #SpareMoney and #SpareMoney only. Don’t be unnecessarily greedy,” MMM tweeted. He explained that most participants would want to cash out their money for the festive period and that would lead to a breakdown of the system as it is a mutual aid community of individuals helping individuals … Marvodi however urged participants not to panic … Displayed on the pages of participants of the scheme, its founder, Sergey Marvodi explained that the reason for the measure was to ensure the sustainability of the scheme in the New Year and make it better. He said that the money of participants would continue to grow in the platform along with their bonuses which they would be able to cash out as from Jan. 13, 2017. He explained that most participants would want to cash out their money for the festive period and that would lead to a breakdown of the system as it is a mutual aid community of individuals helping individuals. He blamed a “heavy workload” being experienced by its servers and the panic caused by the Nigerian government and media for the development but said it will be back by mid-January, 2017.