UNCERTAINTY AS THE VICTIMS OF MMM FRAUD CRY OUT

Ahmed Kasimu Shehu WROTE:

VICTIMS OF MMM CRY OUT:

1. “This is my life! How will I live? I invested N2m! Look at my shop, it is totally empty. I invested the whole money for my business on this MMM; I even borrowed N300, 000 that I added to it. I spent six days in the hospital as soon as I heard the account was frozen. I am hypertensive so my blood pressure shot up when I heard the news. To hear that I would not be paid immediately means that I am dead.”

- Frank Bunna, Computer Accessories Trader, Olugbede market, Idimu, Lagos

2. “I invested around N350, 000 in November, hoping to get a profit of at least N80, 000 by the second week of December before accounts were frozen. This is the biggest risk I have taken in my life and at the moment all I can think about is how to get the money back. I was the one coordinating the barbers’ association’s contribution in my area and I invested it in MMM.”

- Adejare Lawal, Barbing Salon Operator, Ilorin, Kwara State

3. "I lied to my brother to lend me money to pursue my Master’s programme. I’ve not been working for some time, and he was the one who advised me to go for a postgraduate degree. So, when I asked for money, he gave me N150, 000. With the way it was booming, I invested my N600, 000 in it, including the money I had saved from my previous workplace. So, I’m in a fix as I’m talking to you.”

- Miss Janet (surname withheld), Lagos

4.  "I invested the sum of N3.5m, part of which was from the rents I had collected from tenants on behalf of some landlords, in MMM. My target was that by Saturday, everything would be sorted out but as it is now, I cannot get the money back soon. MMM is saying that it will start by paying the people with small funds and that it will also put a peg on how much we can get."

- Mr. Funso Ogungbade, Estate Agent, Oyo State

5. "After investing N900, 000 meant for paying my rent in MMM with the hope that I would get about N1.2m in return, I am now desperate to recover the funds as my landlord has been on my neck since then."

- Mr. Oduntan, Travel Agent, Lagos

PUNCH.