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A self-styled Nigerian pastor, Where Is Bet9ja Head Office Ernest Chigozie Mbanefo, What Is Bet9ja Bonus
Terms And Conditions has been unmasked as the mastermind of the suspected Ponzi scheme known as MMM Nigeria.
MMM Global, on the other hand, is more popular in Nigeria
than Facebook, Nairaland and Bet9ja. According to an online report
quoted by NAN, Mbanefo is based in South Africa. NCW quoting Pageone report written back in September said Mbanefo made a single-year domain payment.
MMM Global was founded by Russian politician Sergei Mavrodi, his brother Vyacheslav Mavrodi and Olga Melnikova.
But like MMM Global, the Nigerian scheme is also a pyramid marketing scheme where an investor gets a
30 per cent return on investment.
 Around the world, MMM is feared.
In January 2016, the Chinese government banned MMM on the grounds
that it is a pyramid scheme (Ponzi scheme),
When Was Bet9ja Invented and it is not registered in the country (and as a
fraudulent scheme cannot be registered). MMM
recently crashed in Zimbabwe: Thousands of ‘Mavrodians’ in Zimbabwe were
left in tears when the scheme crashed, losing tens of thousands of their lifetime savings.
PageOne gave Mbanefo’s address as 1 Royal Street, Lindberg
Park, Johannesburg, South Africa. According to Page One, Ernest was awarded a certificate of completion of
an online course titled ‘MMM Guiders School’ on July 15.
The certificate was supposedly signed by Sergei Mavrodi himself.
He has since given himself the nickname the
‘Super Guider of MMM’. To share news and information about MMM, Ernest also operates a subdomain ‘news.mmm-nigeria.net.
The site praises him and projects him as the leader of the Ponzi Scheme in Nigeria.
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