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Ponzi Scheme: Pastor Mbanefo Denies Ownership Of MMM

A self-styled pastor, Ernest Chigozie Mbanefo has denied ownership of the popular Ponzi money doubling scheme, MMM Nigeria.

Reacting to media report, Mbanefo insisted that he was an “Ordinary Participant like the over 2 million Nigerians who are participants of the MMM Nigeria.”

The self – styled pastor stressed that he has no “acquaintance” with the founder of the Ponzi scheme.

According to Mbanefo, he makes contribution to the scheme and is also liable to risk like everyone else.

He said, “I wish to use this opportunity to declare the following:

“I am neither the Owner nor the founder of MMM Nigeria.I do not have any contact or acquaintance with the owner(s) or Founder(s) of MMM Nigeria.

“I did not introduce MMM to Nigeria, but am glad it came. I am an Ordinary Participant like the over 2 million Nigerians who are participants of MMM Nigeria. I registered to join MMM Nigeria on the 2nd of June 2016 (see image for proof below).

“I registered to be a guider (knowledgeable participants), and became a guider after fulfilling the requirements of the course. I registered and own the domain mmm-nigeria.net which expires on the 7th of June 2019 (could be extended) and other websites owned by other participants.

“I make financial contributions (provide help) to the MMM Nigeria community like everyone else and accept all the benefits and risks like everyone else. On the 13th of October 2016, I provided help of N3,000,000.”

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