The viral online scheme that promises a compensation of 30% to its participants-MMM has been ranked top in the most visited sites in Nigeria. The scheme is going viral after several warnings from authorities in Nigeria, from CBN to SEC and even the House of Representatives.
The MMM scheme is now going more viral than anyone would have thought as the page has been ranked as the 5th most visited sites in Nigeria.
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MMM which is a money scheme where participants get 30% of their deposit after 30 days to be paid by another participants.
Despite warning by the Central Bank of Nigeria to dissuade people from the scheme, the scheme gets more popularity.
The warning is yielding in a reverse order as more and more people participates in the scheme.
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According to a trusted Web traffic monitor, Alexa.com, it shows that MMM page is ranked at number position in Nigeria most visited website.
The statistics revealed that the MMM scheme which is at the 5th position is competiting with the likes of Facebook, Twitter, Youtube at the spot.
Recently, the House of Representatives issued a warning to arrest every promoters of MMM.
Not minding all these warnings and threat, the scheme grows stronger.
In a recent report, the MMM family in Nigeria was seen donating items worth millions of naira to the Internally Displaced Person in the Federal Capital Territory (FCT).
The effort was part of the ways to celebrate one year anniversary of the scheme in Nigeria.
It was tagged “MMM Cares” and it ensured the donation of various items across the country to help the needy.
No one would have thought that such a scheme could be ranking high after various authorities in Nigeria have warned against it.
The scheme was said to have crashed in South-Africa early this year but speculations revealed that more participants are still into the business.
Not many people knows about MMM but the whole noise about its compensation plan has given it more attention from the people than expected.
There is also speculations that the MMM scheme could crash in December, 2016 as the system sustains itself with new participants money. Being festive season, it is expected that many participants might want to cash out as much as possible, putting the system in Greater danger.
However reports has it that operators of the scheme have already declared N1,000 bonus to newly registered participants before end of November, apparently to attract more participants.
It was further learnt that bonuses some higher ranked participants of the scheme have been frozen till January, in a bid to ensure the system survives the December pay out.
Various questions begging for urgent answers is how real the scheme is? how trustworthy it could be and how long will it last and sustain its viral image.
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