MMM Suspension, Founder Writes Buhari ( See Picture)

It is believe that the founder of MMM Sergei Marvodi wrote Mr President to explain the situation with MMM. 

According to Sahara Reporters the founder of MMM had written an open letter to Buhari to explain how MMM has affected Nigerians positively.

In the early hours of Tuesday, participants woke up to the shock of a one month “freezing" on all accounts to avoid an eventual collapse.

Displayed on the pages of participants of the scheme, its founder, Sergei 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 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 added that it was also a way of ensuring the sustainability of the scheme which has been under a lot of attack from the Federal Government and the media of its collapse in December.

Marvodi however urged participants not to panic as the measure in place would only make the platform stronger with better strategies to be put in place as from January.

Marvodi had written an open letter to the Federal Government explaining that the scheme was not a scam but has brought a lot of benefits to its citizens.

This position  is reconvincing the Nigerian populace to stop panicing as everything is under control.