As apprehension over the fate of millions of participants in the Mavrodi Mondial Moneybox or MMM mounts in Nigeria after accounts were frozen, information emerged that some individuals might have become far richer than anyone can expect.
Some, it was learnt, have been made millionaires by the platform, but in the case of few others like one of MMM’s top men, Chuddy Ugorji, the gain may have run into billions.
Ugorji, who is the number one guider on the platform, has been the subject of different speculations, some of which claimed he might have made more than N1bn over the last one year.
Social media pictures of him on luxury boat rides or at luxury spots might have a lot to do with his new found wealth.
On the MMM website, Ugorji shared his testimonies showing that he got millions of naira from people who had “provided help” to him.
A screenshot even showed that Ugorji got up to N6m at a point.
MMM runs in a peer to peer donation system, in which you “provide help” by donating money to another participant and “get help” by requesting for money after some days with a 30 per cent increase in the initial donation made.
Ugorji was said to have joined MMM’s global platform in 2015 and has been its spirited promoter in Nigeria ever since.
There is no doubt that since becoming MMM’s top man, life has not been the same for the Imo State indigene, who describes himself as an online entrepreneur and businessman on his Facebook account.
Recently, photographs from his recent wedding, which took place at the Elshadai Covenant Church, Abule-Egba, Lagos, emerged online, given the first peek at the life of an individual, who leaves one in no doubt that the platform has been wonderful to him.
His wife, Chiamaka, who has also been a spirited defender of MMM’s credibility, is a graduate of the Imo State University and an indigene of the state as Ugorji. Before her husband released a statement on the fears over MMM on Friday, Chimaka had consistently written on her Facebook, assuring participants that their investments were safe.
Ugorji’s wedding was attended by celebrities and other guiders of MMM. The apparently lavish weddingwas MMM-themed with guests wearing MMM-crested sashes, while even the couple’s cake bore the MMM logo. To cap the royalty of the wedding, entertainment at the reception was provided by the Limpopo crooner, Kcee.
The important position Ugorji occupies in the MMM community came to light when he revealed on his Facebook wall that MMM guiders presented him with a brand Hyundai Crete SUV as a wedding gift.
“Thank you to our wonderful family, friends and great MMM community for your love, support and generosity. Our wedding day was indeed made so much memorable because of your presence and your blessings, MMM Guiders surprised me with a brand new Hyundai Crete SUV Jeep as a wedding gift may God bless you all for me,” he said on Facebook on November 13.
Ugorji, a son of a reverend, is a graduate of one of India’s distant learning universities, Karnataka State Open University, where he studied Business Administration.
Despite refutations by Ugorchi, some Nigerians have suggested that he actually brought MMM to Nigeria.
A Twitter user, Amadi Noel, tweeted ago about an alleged deal between Ugorchi and a Philipino millionaire.
Ugorchi himself had shared a photograph he took with a woman he called Ritta on Facebook in January.
The photograph was apparently taken in Dubai, where he allegedly finalised his deal on MMM Nigeria.
“With Ritta my partner and leader, a great woman and multi-millionaire. Am blessed (sic) to work with such a successful leader because success is contentious,” Ugorji captioned the photograph.
But in a statement he shared on his Facebook wall on Friday, Ugorchi, denied having any deal with any Philipino, explaining that MMM Nigeria is run by Russian, Sergei Mavrodi and controlled in Russia.
“The MMM website is being managed in Russia by their control and supervisory team .They are responsible for every decision made,like pairing of participants to provide help and get help,resolving issues on the platform. I have never been to Philippines,the stories about going to the Philippines are untrue,” he said.
However, many sceptics say those who have money in the system should probably not hold their breath.
But Ugorji laid the blame for the panic about MMM following the freeze on accounts onthe doorstep of the media.
However, it is not just the high-level position of Ugorji in MMM that came to light over the last one week, there are claims that he might have made over N1bn in the last one year from MMM.
But he said that “(I) am not the administrator of MMM but one of the top guiders of this great community.”
As if to address the issue of how much he had made from the platform, he later states, “every guider in the MMM community has a limit to withdrawal and I have never made withdrawals above my limit.”
However, he maintained that the freeze on Mavro (MMM version of credits), was just a measure to prevent the actual collapse feared by participants.
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