According to news report online , Nigerian Communications Week said Mbanefo registered the site MMM-Nigeria.net domain on June 7, 2016, about at about 5 pm Nigerian time.
NAN quoting NCW And Pageone report written as far back as September said Mbanefo made a single year domain payment. The domain will expire on June 7, 2017.
It was also revealed that MMM Nigeria is not part of MMM Global – a Russian company that was responsible for one of the world’s largest Ponzi schemes in the 1990s, meaning there is a high probability of it crashing next year.
MMM Global was founded by Russian politician Sergei Mavrodi, his brother Vyacheslav Mavrodi and Olga Melnikova.
UPDATE:
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
But speaking to Concise News, 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. “
