A background check shows that Ernest Mbanefo with the address: 1 ROYAL STREET, LINDBERG PARK, JOHANNESBURG, SOUTH AFRICA registered the domain on the 7th of June, 2016 (2016-06-07T17:01:12Z). He did a single year domain payment which means the domain will expire on 2017-06-07T17:01:12Z.
On the 15th of July, Ernest was awarded a certificate of completion of an online course titled ‘MMM Guiders School’. The certificate was supposedly signed by Sergei Mavrodi himself. He has since given himself the nickname the ‘Super Guider of MMM’.
To share news and information about MMM, Ernest also operates a sub-domain ‘news.mmm-nigeria.net. The site praises him and projects him as the leader of the Ponzi Scheme in Nigeria. He is described as:
”MMM Nigeria Super Guider; Pastor Ernest Mbanefo, has been selflessly helping thousands of MMM Nigeria Participants whether or not they fall under his downline structure. The brain behind the MMM NIGERIA REVOLUTION operation has been working selflessly and tirelessly towards the education, information and proper guidance for the MMM Nigeria Community.
However, there was no mention on the website that he actually created MMM Nigeria and that he runs the ‘whole show’.
It is not clear if Ernest Mbanefo is just fronting for Sergei Mavrodi and or he paid for the franchise to run the Ponzi Scheme in Nigeria.
He is still a full time pastor in South Africa and runs a blog with the domain- ‘ernestmbanefoblog.com’. He founded Justified Youths and Singles Ministry in South Africa, a church-like ministry.
On his blog, he writes about Christian relationships and articles tacitly supporting gay and lesbian pastors facing discrimination in South Africa.
Part of what fueled my suspicion to dig out the faces behind/owners of MMM Nigeria is the fact that the site installed Google AdSense banners. This is unethical for such an organization that claims to help people fight poverty. Ernest and whoever owns MMM-Nigeria.net are simply profiting from daily traffic of over 500,000 MMM members and new visitors to the site.
The Nigerian Securities and Exchange Commission, SEC had warned all Nigerians to stay away from MMM Nigeria. The commission said MMM Nigeria and its domain are not authorized by the commission and that anyone who deal with them will be liable themselves.
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