winkmart:
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

lalasticlala

anigbajumo:




Keep on deceiving urself,Let them ban it nd u will see smart Nigerians flexing with mmm money.I gat 5diff apps to log in to my mmm acct without indicating am a Nigerian. Let them do their worst and they will see the themselves unclad.

gurunlocker:


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!!!

gurunlocker:
Yes, they might not have physical office. But I'm sure you understand how internet works?

InvertedHammer:
/
The outrage against MMM is increasing exponentially around the corridors of power in Nigeria.

But the players will not take heed. This is the time to pull your money and stand aside.

The CBN will definitely pull the next move that will kill MMM.

Guess what? MMM will find excuse to seize all the funds at its disposal.

With accounts frozen and many years of investigations and litigations, people's money will be trapped.

The warning signs are there. Don't ever fight the government in monetary issues. They always win.

\

kennygee:
As much as I agree its a ponzi scheme, ut is working for Nigerians now. So till it fails, Reps should kind their business.

asuo27:
Those of you abusing the law makers when it happens you will all come here to create threads seeking for sympathy...A word is enough for the wise.

Princehojay:



Hmmm, it is highly obvious that you posted this useless comment of yours from your sick bed in ARO, I mean psychiatric hospital Abeokuta......... Why not use your drugs as prescribed by the Doctor in charge of your brain..........Barbarian.......... You must be mentally disturbed............. Old fool.........

bharkarh:
and who told you MMM is a wonder bank? Do you think MMM is collecting the money? I was once like you tho.
Still waiting for how the Government will shutdown MMM website... Shey those wey no fit shutdown radio Biafra?
Just like football, MMM is the only thing keeping Nigerians together.
I just provided help to my friend in the EAST

gurunlocker:


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!!!

dunkem21:


They have refused to credit my bet account after repeatedly showing them evidences of funds debited from my bank account to them. .

The mail history is there and it is over a month.

ceejay80s:


They are scared of losing their money , that why they are all pretending its ok, so other new participant will put their money for them to be paid with it and they will withdraw for the mmm stuff, u no know say if new people no put in their money the old ones no go see their own money collect

gurunlocker:


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!!!

gurunlocker:


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!!!

missKiffy:
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.

naijababe:



You are foaming over MMM like this, anyway it takes one mentally disturbed person to recognise another, your bed is right next to mine sweetheart. The fact still remains that MMM will abscond one day and una go hear am , I will be here to hand out free tissues , at least I hope some of you will not commit suicide sha



Same way they did in Russia and South Africa darling

InvertedHammer:
MMM will find excuse to seize all the funds at its disposal,,,

InvertedHammer:
/
The outrage against MMM is increasing exponentially around the corridors of power in Nigeria.

But the players will not take heed. This is the time to pull your money and stand aside.

The CBN will definitely pull the next move that will kill MMM.

Guess what? MMM will find excuse to seize all the funds at its disposal.

With accounts frozen and many years of investigations and litigations, people's money will be trapped.


The warning signs are there. Don't ever fight the government in monetary issues. They always win.

\

gurunlocker:


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!!!

asuo27:
Those of you abusing the law makers when it happens you will all come here to create threads seeking for sympathy...A word is enough for the wise.

DropShot:
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.

DropShot:
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.

stanuplane:
and I just applied to give help of 50k, wetin I go do now

InvertedHammer:
/
The outrage against MMM is increasing exponentially around the corridors of power in Nigeria.

But the players will not take heed. This is the time to pull your money and stand aside.

The CBN will definitely pull the next move that will kill MMM.

Guess what? MMM will find excuse to seize all the funds at its disposal.

With accounts frozen and many years of investigations and litigations, people's money will be trapped.

The warning signs are there. Don't ever fight the government in monetary issues. They always win.

\

ABJDOT:
OMG d; see many people following this thread, Maybe I'll do this MMM things self. please what's the maximum amount of money that can be deposit for this scheme.

chilet4cici:
At times I laugh when people say FG will shut down MMM as if mmm is one shop at ebutte-meta, oyingbo or Alaba market, as if MMM is one company at Agbara industrial estate.my take, if FG can not stop u from browsing the internet,they can't stop u from access and runing ur mmm account. Let me shock u. MMM program is not a program that started yesterday. it has survive tougher periods than this. It passed through fierce fire, yet it came out refined, crystal sparkling and purer than GOLD. your own MMM can only stop when you as a participant stop to participate. Clever sergey mavrodi saw the feature and designed MMM not to depend on anybody to survive. So, with this Strength of MMM, it is possible for MMM to stop existing in a country but mmm can never stop being in existence. Remember there are over 7billion people all over the world. Your country is just a fraction. In short who u be? Also it is possible for only you in ur country to be the only one doing mmm. That is why we have the Bitcoin which connect u to global bank and every other people in other part of the world doing mmm. If u think u don't want to continue with mmm because of what u heard, I beg park well, and let people that dare big things take the center stage of the new financial revolution that bridge the cap between the rich and the poor. The battle of life maybe for everyone, but those that conquer their fears and dare big things are called achievers. In conclusion, always remember this, with or without you mmm will achieve it's goal which is to raise multi-millionaires, why don't u face your fears today, join us in the battle for financial freedom and be counted among the self-made millionaire courtesy of MMM. Nobody can stop u from achieving what u desire except you stop urself. Together we can do alot.