Chigozie Mbanefo has been uncovered as the owner of the popular ponzi scheme, MMM Nigeria, The Cable 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.
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.