The General overseer and Founder of the Omega Fire Ministry, Apostle Johnson Suleman has said MMM as demonic.
Apostle Suleman denounced the scheme calling it a devilish venture.
Apostle Suleman made the declaration during a church sermon in his church.
The pastor said, “If you are involved in MMM, you are demonic.
“MMM is satanic. Go and check the founder of that Ponzi scheme.
“He was a fraudster in America. He defrauded people.
“And that’s what you are involving yourself in and you are a Christian, looking for easy way out.”
The scheme was set up by one Sergei Mavrodi, a Russian and a former deputy of the State Duma.
МММ was a Russian company that perpetrated one of the world’s largest Ponzi Schemes of all time, in the 1990s.By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.
By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.
MMM Zimbabwe collapsed a few months ago.
Recall that one Pastor Ernest Mbanefo was accused as the owner of MMM Nigeria.
Pastor Mbanefo flatly denied ownership of the scheme.
Several news houses had reported that the South Africa-based pastor was the owner of MMM Nigeria.
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.
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.
“I have never met Sergei Mavrodi before.
“Mavrodi does not even know about my activities in the MMM program.”