Relay Race! Top MMM Guider Chuddy Ugorji Allegedly Flees Nigeria

Although Agbosblog could not independently confirm the reports, the internet is awash with myriad of reports claiming that Chuddy has reportedly fled to the Philippines in South East Asia.

“Do you know that Chuddy Ugorji made over N5bn within a year? I heard that he has relocated to Philippine as MMM ask members to provide help before they can get their money. Odikwa risky o!” a Facebook user Smith Ibe wrote.

The reports are not confirmed and they are resurfacing about a month after Chuddy denied them and also told Nigerians that he was in the same ship with them as a guider when the accounts of particiP@nts were frozen.

He said: “MMM founder is a Russian Sergey Mavrodi not a Philippines .i have never been to Philippines, the stories about going to the Philippines are untrue. i stand for the true ideology of MMM which is anchored on providing and getting help willingly.”

Chuddy also recently denied reports that he was the brains behind a new Ponzi scheme called Naija Help Givers. According to a disclaimer Chuddy posted on his Facebook page on January 6, 2017, he denied knowing anything about the new scheme.

The statement read: “This Disclaimer Notice is an express warning to all particiP@nts of MMM NIGERIA that I (Chuddy Urgorji) never launched any community named HELPNAIJA and am not part of any Donation Exchange or Mutual Aid Donation apart from MMM Nigeria, and as such have nothing to do with whoever came up with the idea claiming I launched HELPNAIJA on the 3rd of January 2017 and its as such have no affiliation to MMM NIGERIA, it is an imitation of MMM NIGERIA and not in any way related. Please Disregard any information not posted on My Facebook Wall.”

Meanwhile, there are reports that the operations of MMM in Nigeria are under threat as the Economic and Financial Crimes Commission and the Security and Exchange Commission have agreed to pull resources to attack Ponzi schemes in the country.

The MMM, which has been operating in Nigeria for over a year, has been seen as a Ponzi scheme that has no regulation in Nigeria.