In Nigeria, growing discontent MMM. The pyramid managed to survive for about a year. In December, its participants stopped receiving money, and later payments were resumed, but only for small amounts. In addition, a new condition appeared - in order to return at least part of the investment, you must first pay more.
The authorities of the country now come up with sarcastic comments, reminding investors that they warned them not to get involved in the pyramid. Those protesting on the streets, complaining and demanding money. It came to threats - one of the participants threatened Mavrodi personally with violence. She said that if she was not returned an attachment, the creator of the pyramid would be killed with the help of witchcraft. “Do not think that you can take my money and slip away. My dad is a folk healer. ” The participant of the pyramid also stated that her father would be able to deal with Mavrodi, even in Russia.
Projects Mavrodi appeared in Kenya, South Africa and Zimbabwe. In South Africa, MMM existed until May 2016, after that the accounts in “Mavro” (unofficial currency) were frozen, the system was restarted, and the depositors were promised to repay debts. In Zimbabwe, the Mavro was devalued several times, for some investors this meant the loss of most of the money invested.
In Nigeria, MMM appeared in 2016.Authorities warned that it was better not to deal with her. The Central Bank of Nigeria called the scheme fraudulent, and Parliament demanded the arrest of its creators. Despite this, the project proved to be popular. According to Mavrodi, the participants were about three million people. One of the reasons is the economic crisis and the hope for quick earnings (investors were promised a return of 30% per month). Another reason is people's distrust of the authorities that warn about risk. Many believed that the government simply prevented them from enriching themselves.