More than 3 million Nigerians are exposed to losses due to their “funds” in MMM,
there are fears that the suicide rate in the country might rise.
Following the crash of MMM in Russia in the 90s, up to 50 people committed suicide and
there are expectation such a situation may arise if as expected the Ponzi scheme has collapsed in Nigeria.
Read Also:Groom-To-Be Attempts Suicide Over MMM Crash
The illegal risky scheme receives a lot of patronage with its website being visited more often than Facebook in Nigeria .
And the announcement on Tuesday by those behind it that accounts had been frozen for a month has led to panic among participants.
As fear mount that those who would suffer financial ruin should the scheme fail to bounce back after one month,
the Lagos State Emergency Management Agency has encourage Lagosians to contact it once anyone is spotted attempting to commit suicide.
According to the agency, 112 is the number to call.
Read Also:Shocking Reason Why MMM Nigeria Was Frozen