Where did MMM Get the NGN5 Million it Donated to IDPs?

Where did MMM Get the NGN5 Million it Donated to IDPs?

It is barely two weeks after the Federal House of Representatives backed the Economic and financial Crimes Commission (EFCC) to investigate the scheme, yet, The acclaimed community of ‘helpers’,  MMM-Nigeria, at the weekend donated relief materials worth NGN5 million  to two internally displaced persons’ (IDPs) camps in the Federal Capital Territory.

The group reportedly visited the camps for IDPs from Gwoza and Bama, in Durumi area and New Kuchingoro, respectively,  with relief materials such as bags of rice, beans, garri, as well as cartons of beverages and instant noodles, bales of clothes, drugs and educational materials for the pupils among them, amongst other things as part of its humanitarian week to celebrate their first year in Nigeria.

“We are marking our first year anniversary and we have decided to come and celebrate it with our brothers, mothers and children in the camp,” – a member of the MMM community, Mr Seyi Bello said.

“As a community, we do not only provide help to our members, we also extend that to the larger society as part of our social responsibility. In these times of economic challenges, the IDPs are the ones that need help and support more than any other person; that is why we visited them today,” he said.

No one is sad or angry that anyone in their good conscience donated such amount to help fellow Nigerians, but the source of MMM’s donation is curious, needs proper explanation from the promoters.

What triggers curiousity in this scheme is that in its message to its members available on the website which reads below, one can only ask how they are able to raise funds in such a time like this.

“There is no сentral account, where all the System money flows to (and where it can be easily stolen from :-)). All the money is only on the banking accounts of the participants themselves! On a lot of thousand and million private accounts. Participants transfer to each other directly, without intermediaries! (What are they for? :-)) In fact, MMM only regulates the process — nothing more.”

“So the System completely belongs to people. No kidding! It is a real mutual aid fund where ordinary people help each other.”

Perhaps there are a few questions the group needs to answer as it is quite unclear how an organization that has seen many Nigerians invested a lot of money not have a proper representation or recognition by the legal authorities in the country engage in philanthropic works and social responsibility?

Promoters of the scheme have also often claimed that MMM does not have a central account. Could it be that the motion raised by Honourable Akinlade Fijabi from Oyo State describing the MMM as a ‘Rob Peter to Pay Paul Scheme’ is true afterall?

MMM Nigeria will do itself more favour if it explains how it came about the NGN5 million it donated. Are these voluntary contribution from members? Were these deducted from members? Do they know about it if it was via deductions? Does MMM Nigeria charge some fee for maintaining the scheme?

Many answers will have to be answered afterall!