Mr. Chuddy Ugorji, the initiator of the Nigerian faction of the mavrodi mundial moneybox Ponzi scheme (MMM) has reportedly fled the country with his wife, Amaka. The number one Guider was said to have relocated to the Philippines. On January 13 ahead of the January 14 return date after the scheme closed shop last December, it gave investors false hope by promising to pay starting with smaller investors. But some participants in the scheme said it was a ploy to fool the public that the Ponzi scheme was still running long after it had become insolvent.
He fled the country when many investors were awaiting anxiously to be paid back their money with the agreed interest.
Chuddy’s relocation came barely 24 hours after he released condition for the payment of some three million Nigerian investors.
He had given the impression that the Ponzi scheme has started paying outstanding mavro (money) to Mavrodians, the participants of the scheme. But the payment is just symbolic.
Meanwhile, the scheme on Wednesday issued new guidelines on its blog. The guidelines are:
1.As a necessary measure, we decided to set limit to withdrawal this week thus the N31000 maximum withdrawal on your PO.
2.We are still committed to prioritise paying smaller amounts first and gradually increase the amount to higher ones.
3.The system does the calculations and knows how to calculate everyone’s mavros.
4.Between Friday that we opened and today, hundreds of thousands of GH orders have been matched.
5.More and more GH orders will be matched as time goes on. If you see error notification when trying to GH, just keep trying.
6.PH to GH is still a suggestion to be tabled before Sergey Mavrodi for consideration. Disregard any info suggesting that you must PH to GH till further announcement in your PO.
7.Freezing of bonuses for now is another suggestion to be tabled before Sergey Mavrodi for his consideration. Which means if approved, you will only be able to GH your personal contributions for now until the system recovers and stabilizes.
8.Another suggestion for consideration is whether Mavro growth should stop on the 30th day or continue till you GH your confirmed PH.
9.How early the system recovers depend on our positivity. If we work to make it recover, it will recover in a very short time. Don’t spread panic.
10.Let’s do more promo tasks to create further awareness that MMM Nigeria is open, working and paying.
11.We will keep you informed of any updates as soon as possible.
