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Sergey Mavrodi, MMM founder, has allegedly written an open letter to
Nigerian Government explaining the benefits of the scheme.. and he asked
some “serious questions” that needed answers.
The letter which was sent as a tip-off was reportedly displayed on the page of all its’ users.
Recall the the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) had warned Nigerians against participating in the scheme which it described as a “Ponzi”.
The House of Representatives in October also ordered an investigation into the operation of the scheme.
According to the letter, Mavrodi implored the government to look at the
benefits of the scheme rather than be against it without knowing how it
was helping Nigerians.
He insisted that if the government was really interested in the welfare
of the Nigerian participant, then the scheme should be left alone
arguing that MMM was helping the over 3 million Nigerian participants.
Read below the full script of the letter:
Open Letter from Sergey Mavrodi to the Nigerian Authorities
Honorable authorities,
So far MMM has come under a constant attack from you. In this regard, I
would like to ask you a few simple questions. Since you are concerned
with the interests of millions of your fellow citizens, I hope that you
would be so kind to answer them.
What are you trying to get? Do you want the MMM System to collapse and
millions of people to suffer? Who will support them then if now MMM is
their only means of livelihood? Will you? You even don’t pay wages to
people? Or might you not care about them? Might you be using a trendy
topic to make a good name for yourselves? What will you say to a mother
who will have no money to buy food for her child? Will you let her child
die for the sake of the higher interests of the economy?
You say that MMM is a scam. What is the scam here, if all members are
warned in advance about all the risks, the possible and impossible ones?
They know there are no investments at all. The warning is a red text on
a yellow background placed on most prominent place of the website.
You say that MMM is bad. Why? Yes, it produces nothing, but nothing gets
out of the country either. The money is just redistributed among the
citizens of Nigeria. It gets from those who are richer to poorer ones,
in this way restoring social justice. What”s wrong with that?
You have repeatedly stated that “it should be investigated!..
researched!..” It means you know nothing about this System yet; you even
haven’t understood how it works………
And finally. If you know what is right for people, why is the life so bad in the country?
Sincerely yours,
Sergey Mavrodi
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