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Nairaland Forum / Nairaland / General / Business / 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" (77069 Views)
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'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by 247frolic(m): 6:38am On Nov 01, 2016 |
The Central Bank of Nigeria on Monday warned Nigerians against patronising what it called ‘wonder banks’, stating that their activities were not regulated by it. http://punchng.com/cbn-warns-patronage-wonder-banks/ 5 Likes 4 Shares
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Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by nony43(m): 6:43am On Nov 01, 2016 |
CBN is it your money? Is it your risk? Shebi na my money and risk, Abeg I was once criticizing mmm but now I am regretting not starting early, people b calling mmm a scam while our money grows like grass by the way I am ghing today, Commercials banks are also benefitting from mmm some people exceed their transfer limits of their bank mobile app providing help each transfer cost 100 or 105 .CBN who una help? 445 Likes 34 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by drimpeccable(m): 6:47am On Nov 01, 2016 |
Interesting! ![]() 5 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Emycord: 6:50am On Nov 01, 2016 |
I said it oh i warned my friend now let me go and rewarn him 34 Likes 3 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 6:54am On Nov 01, 2016 |
All the unemployed graduates wen APC promise 5k every month.
I just hear sa una money don reach 17months.
N5,000x17=85,000.
Just be patient, Buhari is borrowing $30billion to pay una arrears. 85 Likes 8 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Korrection(m): 7:00am On Nov 01, 2016 |
I dont know why my mind is telling me that this MMM is a pyramid scheme....scam...I have been cajoled by friends severally to invest but my inner spirit is saying dont do it...I think i will have to stick to my mind and face my car and poultry business... 130 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 7:02am On Nov 01, 2016 |
This the 2nd warning coming from CBN 27 Likes 3 Shares
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Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by fiizznation: 7:04am On Nov 01, 2016 |
Lately I Have been hearing about this MMM, but to be honest, I have no idea about what the thing stands for. Is it a betting game or what? I'm kind of curious though 12 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Korrection(m): 7:05am On Nov 01, 2016 |
I know it sounds good but dont know how its going to end...better is the end of a thing than its starting... ![]() ![]() ![]() ![]() slimany: 37 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Funlordjnr: 7:16am On Nov 01, 2016 |
MMM? "Moving Mumus Money".... ![]() 54 Likes 4 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Garshyzee(m): 7:45am On Nov 01, 2016 |
u these cynics criticizing.....mmm pays and its still paying.....for how to participate freely without fear of suspension and blockings..check my signature ; ![]() 10 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 8:13am On Nov 01, 2016 |
abuayman: I have a feeling that government might do something about it. probably clamp down on the MMM system and ban it in Nigeria, the same way it was banned in China. Make we dey look, there's definitely some more to this second warning than meets the eye. 19 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 8:21am On Nov 01, 2016 |
nony43: I can't believe someone will type this rubbish on a public forum! You mean that after being warned about the dangers of something by a government official from a reputable government agency you still ask such stu.pid questions?! Now imagine if NAFDAC warns Nigerians about a particular product and tells them to desist from buying/consuming it, is it wise to ask NAFDAC is it their money? is it their own life at risk? imagine the nonsense! ![]() ![]() There's no quick and easy way to make money #Word. 153 Likes 12 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 8:24am On Nov 01, 2016 |
coollabman: That's it, something is not adding up 15 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 8:27am On Nov 01, 2016 |
fiizznation:my brother if u never dey chop mmm money u dey miss... Believe me... Expecting payment today.... U can send me message on whatsapp for further info.... 07064969050 13 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by nairaman66(m): 8:54am On Nov 01, 2016 |
coollabman: CBN reputable? Please think again.. Besides, the CBN can't do anything they can only warn and that's it. The decision making solely lies with the individual who wants to invest in MMM. Furthermore, between the Nigerian government, CBN and MMM who is scamming the Nigerian people the more?? 197 Likes 5 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by fairplay90(m): 9:06am On Nov 01, 2016 |
Them go hear? the answer is No!!! 2 Likes 2 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Vick4rill(m): 9:11am On Nov 01, 2016 |
coollabman:dont mind the fool 16 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 9:16am On Nov 01, 2016 |
nairaman66: Yes! the CBN is a reputable government agency! nairaman66: you'd be surprised the kind of power at the disposal of the government. they can go as far as making the MMM website inaccessible in Nigeria (since they have no physical address). Something similar was done in China! nairaman66: Common be real! How and when has the Nigerian government scammed you?! MMM is still in its nascent stage (barely one year) in Nigeria! It will eventually grow so big and will burst like a bubble! dragging all of you hooked up to the system down the drain. That's why a ponzi scheme (that has a pyramid structure embedded in it) is dangerous. A few people make money and it appears to be legitimate for a while. Eventually more unsuspecting people join and it grows to a stage where it collapses. Causing those that join late in the lifespan of the scheme to loose money! that's why its a scam! MMM is a scam! 62 Likes 4 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 9:52am On Nov 01, 2016 |
fiizznation:mmm stands for Money making machine. 8 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 9:54am On Nov 01, 2016 |
it will crash by January...quote me anywhere ![]() ![]() 8 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Adesiji77: 10:29am On Nov 01, 2016 |
Will they listen? ![]() A dog "destined" to get lost does not hear the hunter's whistle. lalasticlala, Dominique, Mynd44 17 Likes 3 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by siraj1402(m): 10:38am On Nov 01, 2016 |
Leave them them no go hear. 3 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 10:39am On Nov 01, 2016 |
Ok, even CBN plays MMM, who dem won discourage sef ![]() ++Kassim, while responding to a question asked by one of the students (so even students in secondary schools are aware of this life changing wonder). ![]() 9 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by henrydadon(m): 10:39am On Nov 01, 2016 |
![]() them no go hear..Nigerian too like awuff.. [img]http://i./HZ1H3Pk30O0ec.gif[/img] i know it will eventually crash..it is bound to happen it a ponzi scheme they wait till they have enough money and lot of customer under them till befor they vanish . it recently happen in south africa and kenya..enjoy it while it last tho. it all just a big elaborate fraud [img]http://i./hgjNPEmAmpCMM.gif[/img] 23 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by benueguy(m): 10:39am On Nov 01, 2016 |
nony43: 1 Like |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by BRIGHTRIVERS(m): 10:39am On Nov 01, 2016 |
I just dey pity the last person wey go join MMM 40 Likes 2 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Fairgodwin(m): 10:39am On Nov 01, 2016 |
Ew 1 Like |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by babs01(m): 10:39am On Nov 01, 2016 |
ademasta:who cares? 6 Likes |
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