MMM Founder, Sergey Mavrodi has warned the federal government of the negative impact the collapse of the scheme will have on Nigerians.
According to him, the scheme has done a lot to improve the welfare of Nigerians and reduce poverty despite the fear expressed by the federal government that it is a ponzi scheme.
Writing an open letter, the Russian urged the government to look at the benefits of the scheme to over three million Nigerians in one year of its existence in the country, especially, where the scheme is the only source of livelihood for some Nigerians.
The open letter reads: ” 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 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?”
The Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) had warned against participation in the scheme while as the House of Representatives ordered a probe into its activities in the country.
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Wike forces INEC to announce result as Sekibo returns to NASS
After a confrontation between Gov. Nyesom Wike and security agents monitoring election, INEC declared Rivers East Senatorial District candidate PDP George Sekibo winner of the Saturday National Assembly election in the state .
The commission returned Mr. Sekibo winner, Monday afternoon, after results from the eight local government areas, LGAs, that constitute Rivers East were collated Tuesday afternoon, almost 48 hours after voting ended.
National Daily gathered Sekibo defeated Andrew Uchendu of the All Progressives Congress, APC. He polled 93,098 votes to defeat Mr. Uchendu who had 34,193 votes.
Wike mobilised his party members to the venue of the collation centre to demand declaration of the result. The people defied security operatives who were shooting sporadically.
They believed there was a plot to change the result in favour of Uchendu.
“We are ready to die, nobody can change our result,” the PDP members shouted.
The result included figures from Ikwerre and Emohua LGAs which PDP alleged minister Rotimi Amaechi had hijacked with the aid of police officers and soldiers. But as it was in the other six LGAs, PDP also won in Ikwerre and Emohua.
Sekibo is going to the Senate for the third time. He was first elected to represent Rivers East in the Senate in 2007.
He was in the House of Representatives between 2003 and 2007, representing Ogu/Bolo/Okrika Federal Constituency.
The post MMM founder teases FG, warns scheme mustn’t collapse appeared first from online sources and was reposted by the community on National Daily Newspaper.
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