Pastor Ernest Mbanefo, the alleged brain behind the ponzi scheme making waves in Nigeria has denied ownership of the scheme. Several online platforms in Nigeria had on Friday reported that the South Africa-based pastor was the owner of MMM Nigeria, a ponzi scheme that promised its members 30 per cent return on investments.
Mbanefo slammed the media for not verifying with him despite the fact that his contact details were available on the internet. He explained that he used his website, mmm-nigeria.net, to tutor interested investors on the workings of the scheme and thereafter direct them to register on the official nigeria.mmm.net website. He said, “I do not own MMM Nigeria. The original website of MMM Nigeria is nigeria-mmm.net. All I’ve done is to use my knowledge of web designing to launch mmm-nigeria.net.” On his affiliation with Sergei Mavrodi, the promoter of MMM Global, Mbanefo said, ” I have never met Sergei Mavrodi before. Mavrodi does not not even know about my activities in the MMM programme.
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