MMM: Woman flees after losing customers N4.5m to ponzi scheme

The suspect is reported to have invested the ‘Ajo’ money in the defunct ponzi scheme in the hopes of making profit.

Artisans and motorcyclists have been left heartbroken amongst other things, after a woman identified simply as Ogochukwu, fled her residence after losing the sum of N4.5m, belonging to them, to the defunct Ponzi scheme, MMM.

The suspect who resides on Anuoluwapo Street in Ejigbo area of Lagos State is reported to have fled to Anambra State leaving her customers helpless and in tears.

ALSO READ: Nigerians lost N18b in failed Ponzi scheme

Punch reports that her customers contributed the sum to Ogochukwu through a daily savings scheme popularly called ‘Ajo’.

She is reported to have invested the ‘Ajo’ money in the defunct ponzi scheme in the hopes of making profit.

According to the reports, Ogochukwu secretly moved her family members out of the house and is now nowhere to be found.

The problems began when Ogochukwu’s customers approached her to collect their money in other to pay school fees.

ALSO READ: 3 million Nigerians lost N18B in MMM scheme

One of the victims said the suspect asked to come back the following day for their money only for them to discover that she had packed out in the night to an undisclosed place.