MMM Nigeria has no doubt became a revolutionary force in the Nigerian financial sector lately.
Popular majorly among the youths, MMM is simply described as a people community, which help each other for free, and absolutely consciously, they transfer money directly to each other, from one bank account to another, without any conditions, guarantees and promises. Just only because they want to do that. Because it is a good deal to help each other.
It means the Mutual benefit fund as it is.
There is no formal organization mmm nigeria, no legal person in MMM. And of course there is no central bank account, no other activity in any form. Neither close, nor open. There is nothing! There are only millions and millions of simple participants, simple private persons. And their bank accounts. And nothing more.
And of course there is no special registrations, permission and licenses in here.
(Permissions and licenses for what and for what reason? For money transfer from one man to another? And whom this licenses and permissions should be given? :-))
Thus, MMM is absolutely legal and does not break any laws. Because there are only money transfers between private persons and nothing more.
It is impossible to forbid MMM Nigeria. The same way it is impossible to forbid people manage their own money the way they like. Thus they need to forbid the whole private property institution.
So everything is absolutely clear with the lawfulness. There are no violations and there won’t be! Let’s now talk about the other. About honesty. It is important to underline, that MMM Nigeria doesn’t cheat or abuse anyone. In other words it is not a cheat or fraud in any case! Everyone is informed about the possible and impossible risks fully and from the very beginning (And everyone put a mark during the registration, confirming that he was informed about the warning.)
MMM itself is more honest (in 100 times!) than any other bank, or any financial institution with their licenses or permissions. Because they all lie to you, hold or keep back something and so on. And only MMM doesn’t keep back you in silence, doesn’t hide anything and tell everything honestly and openly. “Yes, You take a great risk!… Yes, no guarantees!… Yes, You may lose everything at any moment!…” – Did You hear the same before anywhere? Only in MMM.
Honesty, honesty and again honesty! This is the main principle. Honesty, openness and trust. This are the three whales on which the System stands. Have you ever seen before the situation, when absolutely unacquainted people transfer money to each other with no reason? Giving them like a gift actually? Millions and millions of people all over the world, every day? Delirium? Fiction? Utopia? No, it is MMM! And MMM Nigeria is here to replicate the same feat.
Again, it is important to re-emphasize that MMM is the Community where people trust and help each other. That’s why it uses a principle — “only one account for one person”. Only a person of legal age is allowed to participate in MMM. Each participant has to have own unique Bitcoin wallet or bank account. In the MMM Community you are allowed to add several bank accounts to your personal office. However, note that these bank accounts have to be registered in the name of only one person — you. That is, the accounts must have the same name and surname. In that case, if you add to your office accounts that are registered in the names of different people, you are automatically recognized by the system as a dishonest participant and will be blocked. You have the right to request help to be sent to any specified Bank or bitcoin wallet of yours. Yet it is prohibited to share the same bank account and Bitcoin wallet with other people!
The absence of multiple accounts (when one person registers in the system several times) — is the key to dynamic and sustainable development of the Community in the future. The one who creates multiple accounts, and in this way tries to obtain additional, not provided in the rules bonuses — deceives their colleagues and friends, and in the end — themselves. Such frauds will be blocked once and for all and immediately expelled from our community! We need only honest people in the community who change the world for the better!
If you haven’t violated the rules but your account have been blocked, you should write to the Support attaching the photo or scan of ID in order to confirm your identity. You might have been suspected of unfair participation and automatically blocked by the system. Besides, the Security Department can request the video record explaining all situation. In case the participant hasn’t violated the rules there’s nothing to worry about. He will be unblocked and the ban won’t affect his MAVROs growth in anyway.
Security Department has effective tools to determine whether the accounts belong to the same person or to different people. If you only have one account and you follow these recommendations, you do not need to worry. In an extreme case, even if you have been blocked (temporarily), but you have followed all the recommendations — you will be able to confirm your identity, your account will be unlocked, and the growth of your Mavro won’t be affected. That’s why play fair, keep calm! We’re on your side!
MMM launched in Nigeria in November 2015. The entity was self-described as a “mutual aid fund where ordinary people help each other.”
2.4 million people had signed up by late 2016. For information on how mmm works, how to register/join mmm, how to provide help and get help (make money) and other guides, simply follow the link below.