A Nigerian based in South Africa, Ernest Chigozie Mbanefo has been uncovered as the owner of the popular ponzi scheme, MMM Nigeria, TheCable reports.
The News Agency of Nigeria also confirmed that Mbanefo lives in South Africa.
MMM Nigeria works just like MMM Global owned by Sergei Mavrodi but owned and operated by a separate person.
According to Nigerian Communications Week, Mbanefo registered the MMM-Nigeria.net domain on June 7, 2016.
It was also leant that the domain will be expiring on June 7, 2017 as only a year subscription was made.
According to Page One, Ernest has named himself ‘Super Guider of MMM’ after he was awarded a certificate of completion of an online course titled ‘MMM Guiders School’ on July 15, supposedly signed by Sergei Mavrodi himself.
PageOne gave Mbanefo’s address as 1 Royal Street, Lindberg Park, Johannesburg, South Africa.
The site also has a news blog, news.mmm-nigeria.net where he is being praised for helping Nigerians.
The site says, “MMM Nigeria Super Guider; Pastor Ernest Mbanefo, has been selflessly helping thousands of MMM Nigeria participants whether or not they fall under his downline structure.
“The brain behind the MMM Nigeria revolution operation has been working selflessly and tirelessly towards the education, information and proper guidance for the MMM Nigeria Community.”