In a bid to attract more participants and reawaken already dead confidence Mavrodi Mundial Moneybox (MMM) has lunched a promotional stunt tagged Promo Task Contest.
According to information available as displayed on participants page, to qualify for the contest, a participant has to invite new members and register them as referrals.
The information displayed on pages of all participant and obtained by FINANCIAL WATCH reads in part.
“MMM Nigeria launches Promo-Task Contest.
“MMM Nigeria launches the first Promo-Task Contest – which a relevant section has been created for the contest in the Personal Office.
“Winners are selected based on the number of points received for completing promo-tasks. Whoever receives the biggest number of points becomes the winner.
“The contest period is from Monday to Sunday while at the end of each week; winners are announced and awarded Mavros (cash prizes) available for output.
“In the first contest, there are 50 prizes. First place will win N500,000; second place N300,000 and third place winner will take home N200,000.
“Fourth place to 10th place winner get N100,000 each; 11th to 30th place wins N50,000 each while participants who placed 31th to 50th wins N30,000 each.
“Members can complete both online and offline tasks with focus to promoting the community and contribute to growth of the scheme.
“The promo-task contest is a serious tool aimed at community growth, and as such, would be continuously adjusted and refined to enable MMM Nigeria to overcome.”
The scheme, however, made a comeback on Jan. 13 and quickly placed a limit to the number of withdrawals from old-confirmed mavros (money), drawing wild condemnation from members and making many of them walk away.
The Ponzi scheme became popular in Nigeria in 2016 attracting over 3 million participant.
But closed down in the wake of December 2016 after which it made a comeback in January 14 2017, but could not get the confidence of participants to continue stronger.
Authorities in Nigeria have spoken vehemently against the Ponzi scheme, and has advised Nigeria to stay clear MMM as its operation is fraudulent.
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