Chuddy Ugorji, MMM Nigeria Boss, Wife Fled To Philippines

AISHA ABUBAKAR

 

Chuddy Ugorji, the initiator of the Nigerian faction of the Mavrodi Mondial Moneybox Ponzi scheme (MMM) has fled the country with his wife, Amaka.

Reports said Chuddy, MMM Nigeria Number one Guider has absconded and relocated to Philippines.

It was said that he fled the country when many investors were awaiting anxiously to be paid back their money with the agreed interest.

Chuddy’s relocation came barely 24 hours after he released condition for the payment of some three million Nigerian investors.

He had given the impression that the Ponzi scheme has started paying outstanding mavro (money) to Mavrodians, the participants of the scheme but the payment is just symbolic.

Chuddy, who has also been accused of collecting more than N1 billion without providing help (PH) back into the MMM community has been fingered by many to be the main cause of the crash of MMM.

He was alleged to have purchased an expensive mansion in the Philippines with indoor swimming pool and fully fitted bathrooms for his comfort.

Meanwhile, the scheme on Wednesday issued another new guidelines on its blog.

The guidelines include a decision to set limit of withdrawal this week at N31, 000 maximum withdrawal on participants’ PO.

It added that freezing of bonuses is a suggestion that would be tabled before Sergey Mavrodi for his consideration.