FG To Shut Down MMM in New Move, See Why

FG To Shut Down MMM in New Move, See Why

MMM Nigeria To Be Shut Down By FG.

The Federal Government of Nigeria has initiated moves to shut down MMM operations in Nigeria. See why Below.

Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, said regulators have set up a Committee to stem the nefarious activities of the fraudsters across the country.

MMM Nigeria To Be Shut Down By FG

“I wish to sound a word of caution to members of the public on the activities of illegal fund managers, otherwise known as Wonder Banks.

“It is worrisome to note that despite repeated advice, many unsuspecting members of the public are still falling victims to the mouth-watering interest being offered by these illegal fund managers.

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“Members of the public are therefore advised to patronise only banking institutions that display the NDIC sticker: “Insured by NDIC” in their banking halls or entrances.

“However, the regulatory authorities have set up an inter-agency committee under the Financial Services Regulatory Coordinating Committee(FRSCC) to stem the nefarious activities of these fraudster across the nation”.

Umaru spoke on Monday during the NDIC Special Day at the 2016 Lagos International Trade Fair.

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5 Comments

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  2. kenny

    Good day Mavrodians. It’s been an eventful week for us in our community MMM Nigeria ,regardless we the participants are the determinants of what happens in our community,lets not panic /worry over what the media has said about our community been a scam. We saw this threats (Government, Media, Banks) coming because they are the enemies of the common man trapped in financial slavery.

    The truth is these threats would always be there but they can never get into our personal offices to Provide Help and Get Help for Us. lets always remember that the strength of our community lies in our understanding of the IDEOLOGY which is the fuel that drives our community, Common man Providing Help for each other . Let remain calm and stand for what we believe and has worked for us.

    Our community grows from strength to strength daily through our Act of Providing Help and Getting Help, they can not stop us, they can never get to us . We are not a Company, We are not a Business and We are not into Investments. You and I are helpers of each other and our testimonies says it all. Let’s continue to Provide Help and Get Help. We are the community, We are MMM Nigeria.

    Guiders pass it across .

    Signed( *TOP NIGERIA GUIDERS **)

    *Chuddy Ugorji – 100k+ Guider

    *Yinka Odeyemi – 100K+ Guide

    Reply
  3. iambuhari

    NIGERIAN GOVERNMENT SHOULD PLEASE LEAVE MMM ALONE. THE YOUTH IN IT IS NOT COMPLAINING. MMM IS NOT A SCAM. THE SCAM HERE IS THE GOVERNMENT OF THE FEDERAL REPUBLIC OF NIGERIA. U PEOPLE REFUSE TO GIVE JOBS TO THE YOUTH. JOBS AVAILABLE TO THE PUBLIC LIKE FIRS AND OTHERS HAS BEEN STOLEN BY THE LAW MAKERS OF THIS COUNTRY AND HAS GIVEN IT TO THEIR CHILDREN THAT DON’T KNOW ANYTHING. NIGERIAN GOVERNMENT IS A FAILURE, THE SO CALLED PRESIDENT IS A FAILURE, MMM HAS GIVEN THE VOICELESS HOPE OF SURVIVAL.

    Reply
  4. Pingback: MMM is Under Investigation - EFCC - Nigeria News, Gist, Politics & Information Website - MyNaijaInfo

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