MMM Woos Participants With ‘Promo-Task Contest’
Mavrodi Mundial Moneybox, MMM, in its bid to win back lost participants, has launched a weekly promotional game, “Promo-Task Contest”.
In a letter displayed on accounts of participants of the scheme, the organisers urged members to invite new participants for them to qualify for the contest.
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In the contest, participants have the opportunity to win cash prizes between N30,000 and N500,000.
The letter reads in part: “MMM Nigeria launches Promo-Task Contest.
“MMM Nigeria launches the first Promo-Task Contest – which a relevant section has been created for the contest in the Personal Office.
“Winners are selected based on the number of points received for completing promo-tasks. Whoever receives the biggest number of points becomes the winner.
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“The contest period is from Monday to Sunday while at the end of each week; winners are announced and awarded Mavros (cash prizes) available for output.
“In the first contest, there are 50 prizes. First place will win N500,000; second place N300,000 and third place winner will take home N200,000.
“Fourth place to 10th place winner get N100,000 each; 11th to 30th place wins N50,000 each while participants who placed 31st to 50th win N30,000 each.
“Members can complete both online and offline tasks with focus to promoting the community and contribute to the growth of the scheme.
“The promo-task contest is a serious tool aimed at community growth, and as such, would be continuously adjusted and refined to enable MMM Nigeria to overcome.”
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MMM faced with a major set-back in Nigeria on Dec. 13, 2016, after the scheme placed a one-month freeze on all withdrawals.
The move did not go down well with members across the country, as it faced widespread condemnation.
However, the scheme made a comeback on Jan. 13 and quickly placed a limit to the number of withdrawals from old-confirmed mavros (money), a development that led to the loss of most of its members.
The Securities and Exchange Commission and the Central bank of Nigeria warned Nigerians against participating in the scheme which they described as a “Ponzi” scheme.
