Chuddy Ugorji, the Initiator of Nigerian Faction of MMM Fled the Country With Wife

January 26, 2017, 2:43 am

Mr. Chuddy Ugorji, the initiator of the Nigerian faction of the Mavrodi Mondial Moneybox, MMM Nigeria, ponzi scheme has fled the country with his wife, Amaka.

Unconfirmed report says the MMM Number one Guider has absconded and relocated to Philippines.

He fled the country when many investors were awaiting anxiously to be paid back their money with the agreed interest.


Chuddy’s relocation came barely 24 hours after he released conditions for the payment of some three million Nigerian investors.


MMM Nigeria, a branch of the MMM financial pyramid, founded by Russian ex-con Sergei Mavrodi,

The founder of the MMM financial pyramid, Sergei Mavrodi, leaves Matrosskaya Tishina prison on May 22, 2007 in Moscow, Russia.

Mavrodi was the founder of a scheme that defrauded more than a million Russians of their life savings. | Getty Images


He had given the impression that the Ponzi scheme has started paying outstanding Mavro (money) to Mavrodians, the participants of the scheme. But the payment is just symbolic.

Meanwhile, the scheme on Wednesday, January 25, 2017 issued new guidelines on its blog. The guidelines are:


1.As a necessary measure, we decided to set limit to withdrawal this week thus the N31,000 maximum withdrawal on your PO.

2.We are still committed to prioritise paying smaller amounts first and gradually increase the amount to higher ones.

3.The system does the calculations and knows how to calculate everyone’s mavros.

4.Between Friday that we opened and today, hundreds of thousands of GH orders have been matched.

5.More and more GH orders will be matched as time goes on. If you see error notification when trying to GH, just keep trying.

6.PH to GH is still a suggestion to be tabled before Sergey Mavrodi for consideration. Disregard any info suggesting that you must PH to GH till further announcement in your PO.

7.Freezing of bonuses for now is another suggestion to be tabled before Sergey Mavrodi for his consideration. Which means if approved, you will only be able to GH your personal contributions for now until the system recovers and stabilizes.

8.Another suggestion for consideration is whether Mavro growth should stop on the 30th day or continue till you GH your confirmed PH.

9.How early the system recovers depends on our positivity. If we work to make it recover, it will recover in a very short time. Don’t spread panic.

10.Let’s do more promo tasks to create further awareness that MMM Nigeria is open, working and paying.

11.We will keep you informed of any updates as soon as possible. (NAN)


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