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Nairaland Forum / Nairaland / General / Business / Arrest MMM Promoters - House Of Reps To EFCC (117123 Views)
Flashback To When Pastor Sunday Adelaja Exposes MMM Promoters / Presidency Buhari Calls MMM Promoters Fraudsters, Maps Out Strategy To Stop MMM / Breaking News: We Cannot Go After MMM Promoters, EFCC Tells NASS (2) (3) (4)
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Arrest MMM Promoters - House Of Reps To EFCC by winkmart: 6:22pm On Nov 09, 2016 |
The House of Representatives on Wednesday asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria. Lawmakers strongly opposed the investment scheme, which lately gained popularity among Nigerians in the wake of the current economic recession in the country. MMM promises 30 per cent return on investment for any money put into the scheme within 30 days. The investment scheme has a Russian origin and “involves directing clients to make money available for an anonymous person with a promise of 30 per cent return within one month.” But, members described the scheme as a “scam” and warned Nigerians not to be carried away by the “mouth-watering” returns on investments. Lawmakers warned that the “trick” used by the operators was to attract as many Nigerians as possible to invest substantial amounts of money before the bubble would burst. The House directed the EFCC, security agencies and the CBN to take urgent steps to halt the scheme before many Nigerians would become victims of the scam. It also asked its Committees on Banking/Currency and Financial Crimes to investigate the activities of MMM Nigeria Scheme, “with a view to saving Nigerians participating in the scheme from you financial ruin.” The Chairman, House Committee on Telecommunications, Mr. Saheed Fijabi, had in a motion, drawn the attention of the House to the growing popularity of the scheme among Nigerians. Fijabi, an All Progressives Congress lawmaker from Oyo State, represents Ibadan-South/West Federal Constituency. “The scheme entered the Nigerian circle in 2016, capitalising on the high level of unemployment and poverty to deceive unwary Nigerians into falling prey to their antics”, Fijabi stated. He said the fact that MMM was not regulated by law or approved by the CBN as a secure business venture, made Nigerians more vulnerable. http://www.blackberrybabes.com/2016/11/house-of-reps-ask-efcc-to-arrest-mmm.html 12 Likes 7 Shares
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Re: Arrest MMM Promoters - House Of Reps To EFCC by Keemy88(m): 6:25pm On Nov 09, 2016 |
ENEMIES OF PROGRESS 655 Likes 36 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by Oldlayez: 6:27pm On Nov 09, 2016 |
misplaced priorities. Is it their money? Why won't these pigs concentrate on why they were elected in the first place? I am not involved in MMM and I don't care what they do over there but I do care that prices of things have skyrocketed and someone needs to fix it. 504 Likes 27 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 6:32pm On Nov 09, 2016 |
P 655 Likes 53 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by onstelly(f): 6:43pm On Nov 09, 2016 |
I don't wanna say these people are jobless, wait oh is it their money. Nawa oh 136 Likes 8 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by iamphotoshoot(m): 6:45pm On Nov 09, 2016 |
![]() Please HOA! Please leave me! It isbmy money, don't pity me, for the past twenty something years I have spent on earth in dis bleeped up country called Nigeria, You all never cared if I was scamed or not! Please leave MMM alone for us. Let the bubble burst, it is not your business. ![]() 192 Likes 7 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by missKiffy(f): 6:46pm On Nov 09, 2016 |
I don't do this MMM of a thing but to be sincere it pays, I see testimonies of most of my colleagues that do it but the problem is even if it doesn't crash on its own, the Government can take it down, which is what I think they are about to do. 21 Likes 2 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by finally1(m): 6:46pm On Nov 09, 2016 |
mmm sucks 5 Likes 3 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by richidinho(m): 6:46pm On Nov 09, 2016 |
My money ooooooooooooooo They shld pls wait till January But honestly where will they see them? 49 Likes 4 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by gurunlocker: 6:47pm On Nov 09, 2016 |
chilet4cici: Yes, they might not have physical office. But I'm sure you understand how internet works?... They only have to shut down their website and voila, all money gone!!! All this MMM agents should stop quoting me, I don't reply anyhow quote. Keep investing your money, I hope you are happy now!!!! 64 Likes |
Re: Arrest MMM Promoters - House Of Reps To EFCC by 500samuel(m): 6:47pm On Nov 09, 2016 |
enemy of the masses 17 Likes 1 Share |
Re: Arrest MMM Promoters - House Of Reps To EFCC by johnstar(m): 6:47pm On Nov 09, 2016 |
All dis ppl dey craze 4 Likes 1 Share |
Re: Arrest MMM Promoters - House Of Reps To EFCC by dunkem21(m): 6:47pm On Nov 09, 2016 |
![]() 6 Likes 1 Share |
Re: Arrest MMM Promoters - House Of Reps To EFCC by mcmurphy132(m): 6:47pm On Nov 09, 2016 |
na we get our money 10 Likes |
Re: Arrest MMM Promoters - House Of Reps To EFCC by Nairadays: 6:47pm On Nov 09, 2016 |
I'll advice anybody involved should slow down for a while and see where the whole thing heads, because the FG has been planning to ban this HYIP called MMM. Cursing govt is not the solution, they have the power to ban it and there's nothing anyone can do. Even heard MMM was banned in China. 20 Likes |
Re: Arrest MMM Promoters - House Of Reps To EFCC by benega: 6:48pm On Nov 09, 2016 |
Aiit 5 Likes 2 Shares
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Re: Arrest MMM Promoters - House Of Reps To EFCC by oluwatunde1984(m): 6:48pm On Nov 09, 2016 |
for what? |
Re: Arrest MMM Promoters - House Of Reps To EFCC by zicoraads: 6:48pm On Nov 09, 2016 |
But come to think of it, some of them in that House might be confirmed MMM subscribers ![]() ![]() 133 Likes 3 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 6:48pm On Nov 09, 2016 |
It is well oo |
Re: Arrest MMM Promoters - House Of Reps To EFCC by SoNature(m): 6:48pm On Nov 09, 2016 |
The laws of Nigeria are made to keep the paupers poor permanently. If we don't stand up to these people they would keep oppressing ordinary Nigerians. What I do with my money is entirely my business. Even if they ruin mmm, many more schemes are still on the way. Useless government... no wonder my Igbo brothers want to pull out of this madness called Nigeria Mtchewwww 148 Likes 9 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by johnstar(m): 6:48pm On Nov 09, 2016 |
83 Likes 4 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by martineverest(m): 6:48pm On Nov 09, 2016 |
that REDEEM church......EFCC ,take note! 8 Likes |
Re: Arrest MMM Promoters - House Of Reps To EFCC by agbangam: 6:49pm On Nov 09, 2016 |
Dem dey mad ni ![]() ![]() See bad belle dem oo, For years u stuuuupid politicians have scammed Nigerians, now d only hope of d poor man u looters still want to take it away from us. May gods of Recession strike u looters called politicians. Abeg leave our MMM for us. 65 Likes 5 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by DropShot: 6:49pm On Nov 09, 2016 |
Good job by the House. Those of you old enough will recall that many Nigerians were defrauded in similar fashion in 2006/2007 through such investment with Real and Cool, Wealth Solution, etc. The return was even more fantastic than this. Many people lost huge money and some later committed suicide. It mustn't happen again in Nigeria. A word is enough for the wise. 44 Likes 8 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by wemmieslim(f): 6:49pm On Nov 09, 2016 |
Wetin concern agbero with aeroplane? Wetin concern Law makers with MMM, Shit dey worry them, trying to divert EFCC attention from picking their sorry corrupted asses, SMH. 31 Likes 2 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by martin92(m): 6:49pm On Nov 09, 2016 |
That means they go arrest millions of people for Nigeria. because most of them are MMM participants and promoters. 18 Likes 3 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 6:49pm On Nov 09, 2016 |
As much as I agree its a ponzi scheme, it is working for Nigerians now. So till it fails, Reps should mind their business. 27 Likes 3 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by Kaybaba5(m): 6:49pm On Nov 09, 2016 |
E dey pain them. Jobless reps. They want us not to be enriched...... Mtchew...... 7 Likes 2 Shares |
Re: Arrest MMM Promoters - House Of Reps To EFCC by hayfloze(m): 6:49pm On Nov 09, 2016 |
Lol. MMM. Na wao. That was close. *sigh* 1 Like 1 Share |
Re: Arrest MMM Promoters - House Of Reps To EFCC by Ace16(m): 6:49pm On Nov 09, 2016 |
Thunda fire those house of rep members... imagine wat is giving dem heart trouble.. Useless pple.. 22 Likes 4 Shares |
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