“Do you know that Chuddy Ugorji made over N5bn within a year? I heard that he has relocated to Philippine as MMM ask members to provide help before they can get their money. Odikwa risky o!”
According to the News Agency Of Nigeria, when the three million Nigerians who invested in the scheme were anxiously awaiting to be paid back their money with the agreed interest and barely 24 hours before he did, he released new conditions for payment of participants.
A statement on the website of MMM shared the new guidelines and included limiting withdrawal to N31,000. It read;
“As a necessary measure, we decided to set limit to withdrawal this week thus the N31000 maximum withdrawal on your PO,”
“We are still committed to paying smaller amounts first and gradually increase the amount to higher ones. The system does the calculations and knows how to calculate everyone’s mavros.
“Between Friday that we opened and today, hundreds of thousands of GH (get help) orders have been matched. More and more GH orders will be matched as time goes on. If you see error notification when trying to GH, just keep trying.
“PH (provide help) to GH is still a suggestion to be tabled before Sergey Mavrodi for consideration. Disregard any info suggesting that you must PH to GH till further announcement in your PO.
“Freezing of bonuses for now is another suggestion to be tabled before Sergey Mavrodi for his consideration. Which means if approved, you will only be able to GH your personal contributions for now until the system recovers and stabilises.”
Chuddy’s wife, Amaka, has deleted all MMM related posts from public view on her Facebook page.
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