EFCC Have Begun Investigating MMM

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The Economic and Financial Crimes Commission (EFCC) have announced that it has opened an investigation into the Mavrodi Mondial Movement (MMM) investment scheme.

This comes after the House of Representatives issued an order for the EFCC to shut down the scheme and arrest its agents.

The Public Relations Officer of the EFCC, Wilson Uwujaren, speaking to journalists on Wednesday said, “We can only arrest people based on the evidence that we have. The House made a resolution but the resolution is a public announcement. We have always been advising people not to patronize wonder banks because experience over time has shown that their activities are not sustainable.”

“If you get involved in it, you will eventually get hurt. What we are currently doing is to sensitize people. We know people want to make quick money as a result of recession through this MMM. The unfortunate thing about this MMM is that it is not a Nigerian firm but we are looking at and we will still tell the media whatever we find out,” Uwujaren stated.

The Central Bank  of Nigeria has warned Nigerians to desist from investing in the scheme, branding it a Ponzi Scheme.

 

 

1 comment

  1. Who the members of House of reps help? Who Yakima Dogara help? Who CBN help? What is their business if we decide to risk our hard earned money, in all the problems Nigeria is facing, it is MMM they want to dedicate their time to tackle. Did we complain to them? Fuel price is high, they refuse to resolve that, no job, no electricity, school for the less privileged , health care, good roads the list goes on and on, is it their money? They all live in massive mansions, drive crazy expensive cars, own private jets, I know someone who used to live in a room apartment, with the help of MMM he moved to a 3 bedroom apartment, got himself a nice car, and he is doing fine financially, so the government are not even happy that we are doing well with all the problems they are making us face, we all are clamoring recession, but they don’t even know what that is. God will punish all you members of the house of reps starting with your speaker Yakubu Dogara, and your families because you all are eating up all our rights, but then again ya’ll don’t know ur consuming FIRE.

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