MMM is among the top Nigerian trends today, and that is because the company announced the suspension of its operations for a month. There have been different types of reactions to that announcement. Some persons reckon that greed has finally caught up with the participants. @Chxta has some perspective to share.

Please see below:

1/ MMM has crashed, let's not beat about the bush on that.

— Chxta (@Chxta) December 13, 2016

2/ However, turning it into banter at this time, is ill advised, and shows a distinct lack of empathy.

— Chxta (@Chxta) December 13, 2016

3/ Whereas it is true that many got in as a result of naked greed, it is also true that many who got in a result of desperation.

— Chxta (@Chxta) December 13, 2016

4/ So while a part of me, admittedly would like to look at some of the well-paid participants and say, "I told you so,"

— Chxta (@Chxta) December 13, 2016

5/ another part of me knows that it is not necessary. The high BP is already lesson enough.

— Chxta (@Chxta) December 13, 2016

6/ That part of me also says, Chxta, be careful. More people will pick up guns to rob…

— Chxta (@Chxta) December 13, 2016

7/ What we should be asking now, is how did we get here? There will be those who will want to turn it political.

— Chxta (@Chxta) December 13, 2016

8/ And YES, it is political

— Chxta (@Chxta) December 13, 2016

9/ Buhari has a share in the blame, as does GEJ, as does Yar'Adua, as does OBJ, as does Abdulsalam, and all before them.

— Chxta (@Chxta) December 13, 2016

10/ The answer is in interest rates. We have created a system in which the vast majority of our population have no access to life's basics.

— Chxta (@Chxta) December 13, 2016

12/ But in structured societies, they can get loans at low interest rates, in order to get these basics.

— Chxta (@Chxta) December 13, 2016

12/ But in structured societies, they can get loans at low interest rates, in order to get these basics.

— Chxta (@Chxta) December 13, 2016

13/ In Nigeria, they can't, and over the years, this scarcity mentality, has become entrenched in us.

— Chxta (@Chxta) December 13, 2016

14/ That is where the problem is – a scarcity mentality that is created by our banking system.

— Chxta (@Chxta) December 13, 2016

15/ As long as you are required to bring your child's blood in order to secure a loan at an unreasonably high interest,

— Chxta (@Chxta) December 13, 2016

16/ then Nigeria will remain fertile ground for any ponzi. MMM will go, QQQ will replace it next year, and people will still get involved.

— Chxta (@Chxta) December 13, 2016

17/ Because for them, the risks are worth it.

— Chxta (@Chxta) December 13, 2016

with just 3m members, it can't crash yet. It will get to over 50m, before it will crash. Once December is over they will be back.

— Lanre Fagbemi (@lanre_fagbemi) December 13, 2016

Ponzi schemes work on a certain level of trust. The accounts were frozen without announcement. Trust is gone. And I'm gone…

— Chxta (@Chxta) December 13, 2016

Gone, baby, gone.