In Ado-Ekiti, anxious customers trooped to various banks to withdraw cash. They lined up for several hours inside the banking halls and in front of automated teller machines (ATMs) but went home frustrated.

Frustrated MMM customers were noticed at banks located in areas like Ijigbo, Ajilosun, Okeyinmi, Okesa and Secretariat Road, which has the largest concentration of banks in Ado Ekiti, the state capital. The same scenario played out in towns like Ikere, Ikole, Ilawe, Aramoko, Igede, Omuo, Ifaki, Oye, Ise and Emure.

An investor in MMM, Tunde Ogunsakin expressed frustration at the turn of events, saying he found it difficult to believe that the financial network would return on January 12 as promised.

“My brother, this development came to me as a rude shock because I just recently invested about N350,000 from my textile business hoping to reap returns very shortly, but see what has happened now.”

Another MMM investor was heard telling his friend: “My parents warned me against investing my money in MMM but I told them that nothing ventured nothing gained. But you can see now that the risk taken has backfired.”

Segun Asubiojo, who declined to reveal the amount he invested, said: “I logged into my personal system only to find a message that all my confirmed mavros had been frozen till January 2017 due to overload.

“This will be detrimental to the community because Nigerians are easily scared and they will panic so badly that no one would even portray fraudulent behaviours to Nigerian population hindering newcomers from joining.”

A student, Dupe Esan said: “When we started putting our funds in the scheme, one could get assistance within seven days. But this later changed to 14 days. And when we were shut out, the waiting period was 21 days.

“What it simply means is that the number of people in need of help has outnumbered the number of people joining. Right now, we have nowhere to get our money which we invested.”

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