MMM Participant Slumps, Dies In Bank


At least one person was feared dead while others were wounded in a stampede at banks in Warri area of Delta State, after the promoters of the popular Mavrodi Mundial Moneybox (MMM) suspended the accounts of about 3.3 million Nigerian participants.

It was learnt that the participants in the Ponzi scheme, who heard about the announcement yesterday, rushed to their banks to verify, leading to chaos.

According to New Telegraph, in one of the busiest banks in Warri metropolis, an elderly man, who was expected to cash N1.5 million slumped and died when he could not cash the money.

Two other persons, who slumped in the same manner, were quickly revived by sympathisers. Scores of others sustained injuries as they rushed to find out the status of their hard earn money.

Meanwhile, bandits were cashing in on the confusion and rowdy situation to extort money and rob.

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