With up to three million Nigerians exposed to losses due to their “investment” in MMM, there are fears that the suicide rate in the country might rise.
Following the collapse of MMM in Russia in the 90s, up to 50 people reportedly committed suicide and there are expectation such a situation may arise if as expected the Ponzi scheme has collapsed in Nigeria.
The illegal scheme receives a lot of patronage with its website being visited more often than Facebook in country.
And the announcement on Tuesday by those behind it that accounts had been frozen for a month has led to panic among participants.
As fear mount that those who would suffer financial ruin should the scheme fail to bounce back after one month, the Lagos State Emergency Management Agency has urged Lagosians to contact it once anyone is spotted attempting to commit suicide.
According to the agency, 112 is the number to call.
Suicide rate set to rise in Lagos, @lasemasocial kindly station officers @ major bridges across the city, MMM DON CRASH!
— OGA! (@dejiLEYE) December 13, 2016
Please dial 112 if you see any in your area #LagosCares https://t.co/AkWwBM9QPH
— LASEMA RESPONSE UNIT (@lasemasocial) December 13, 2016