Joy, anger as MMM founder, Mavrodi, dies
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Nigerians yesterday took to social media to express their feelings over the death of MMM founder, Sergei Mavrodi. The Russian businessman, whose pyramid scheme made many Nigerians to lose millions of naira, with many dying of heart attacks, others being rushed to hospitals, was alleged to have died of cardiac arrest.
Russian media, which broke the news, noted that Mavrodi, 62, was rushed to the hospital on March 25 after he had a heart attack, where he later died. Between 2011 and 2016, Mavrodi launched the Ponzi scheme under the MMM brand in India, China, South Africa, Zimbabwe and Nigeria.
The scheme collapsed in Nigeria and rendered many Nigerians’ bankrupt. Reacting to the news, Ada D. Dike said: “Rest in peace ke? Do you know how many people Sergei Mavrodi’s Ponzi scheme, MMM, rendered homeless, caused madness and sent to grave in Nigeria? He should not introduce that kind of business to mankind in his next life, if there is reincarnation.” Anierobi Arinze Adibua noted: “I said it.
The moment my friend from Auchi, Edo State lost N4 million, I knew this man won’t last long. He had travelled seven times to the village, who knows what he might have been up to.” Godfrey Ndubuike said: “He did not steal any money. Can you provide proof that you paid to his bank account?
The system he created crashed because outflow was higher than inflow. You were told to use your spare cash, but you used your savings, school fees, house rent etc. Your greed powered by ignorance led to your loss.” Another Facebook user, Unity Unity, stated: “The only scam that shake full Nigeria is (MMM).
It scams farmers, teachers, bankers, doctors, lawyers, girls, craze and even Yahoo boys, fall victims. No body wise for inside.” Ehis Coolex said: “Because he knows that the World Cup is very close so he wants to fake his death; YOU LIE. If you like vanish, we must search for you and collect our money and if this story is true, we are coming over to Russia with our entire community to eat and drink at your funeral at least the lost won’t be that much again.”
Olugbenga Williams said: “He doesn’t know no one can dupe Babalawo and go scot-free. Maybe he thought Ogun and Amadioha are jokes. RIP man.” Akilu Kinging opined: “They don’t ‘eat’ Nigerians money and go free my brother, you for ask our politicians.
They will tell you how they ended; weather in hospital in Germany, Indian, Egypt, London or USA. Our mouth no good. Arrange my N80k keep before I come abeg.” Suleiman Muritala said: “We should learn from this: No matter how wise you’re, you can’t add to your time on earth! No matter how godly you are, you shall leave as others.
No matter how foolish you are, duping, killing, kidnapping, using the name of religion to do evil, you shall meet Almighty one day.”
Gloria Onuh Chaii noted: “This man has been duping other countries for years; nothing happened to him, but the moment he landed in Naija, defrauded Naija people including me, the Bo-Bo drop down and die. Naija I hail o.”
Clement Moses said: “We, the members of Progressive MMM Association (PMA) condole with your family members over your shocking death and early departure to eternity. Due to your shocking departure, I’m pleased to inform you that PMA Nigerian branch has concluded that; its members you are owing will collect their money in the spirit when they join you, you should refund the once over there with 50 interest due to your contribution to their early grave. Thanks.
Coordinator Nigeria.” Emeka Ezemmuo said: “They should bring his corpse to Nigeria for serious flogging and after Fulani herdsmen will butcher him before they bury him. I wonder if he will rest in peace since he did allow many people to live in peace.”
- George Ogbeyi said: “I just hope he doesn’t come back for part two with a different name and source. He shouldn’t have brought his Ponzi scheme to Nigeria because we don’t forgive easily, especially when our hard earned money is involved. Well, it served as an eye-opener to many.”
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