Home FEATURES Man Who Invested N300,000 In MMM Attempts Suicide As It Closes Shop...

Man Who Invested N300,000 In MMM Attempts Suicide As It Closes Shop 2 Weeks To His Wedding


A man, simply identified as Adakola, was said to have attempted to commit suicide in Benue State by ingesting insecticide after Mavrodi Mondial Moneybox (MMM) froze accounts of participants in the Ponzi scheme, two weeks to his wedding.

Adakole was said to have been hit hard as he had reportedly invested N300,000 in the scheme and that the money was meant for his wedding. A friend of Adakole said that he is battling for his life at a clinic in Otukpo where the incident occurred.

The friend, who said Adakole had called him to confirm if it was true that the scheme had “crashed” before attempting to take his life, also told Daily Post that he had contacted the fiancée who resided in Abuja.

Meanwhile, MMM: LASEMA is believed to have sent out emergency number as suicide fears increase

MMM had today, Tuesday, announced that it was freezing accounts for one month, a move seen by many as indicating that the scheme had crashed as long expected.

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Although those behind the scheme stressed in a notice to participants that it had not crashed, many people believe that it was just masking the fact that it had scammed people as predicted by regulatory authorities.

The scheme had since been declared illegal by the Federal Government. [myad]

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