Users of the MMM Nigeria ponzi scheme received an unwanted early Christmas present on Monday as the company announced a one-month shutdown.

In a letter sent to fans and written on their website, the company wrote:

”Dear members!

”As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.)

”Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month. The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))

”We hope for your understanding,


The Nigerian government had constantly warned Nigerians to stay away from the ponzi scheme. The Economic and Financial Crimes Commission, EFCC, had also promised to arrest those managing it.

With many of the users already planning to use the returns for their holiday celebrations, many took to to social media to lament on the issue.