SEC gives fresh warning over MMM

The Securities and Exchange Commission has once again warned Nigerians against patronising the Ponzi scheme, MMM stating that its activities were not regulated by the commission or the Central Bank of
Nigeria.
This is coming after the Nigeria Police Force said it does not have any directive from the government to arrest operators or participants of the MMM.
It also explained that it would not go after operators or participants in the scheme because no one had complained about being swindled by the programme.
The police stated this on Saturday just as the Securities and Exchange Commission warned Nigerians
against patronising the scheme.
The MMM scheme, which was suspended by its operators in December last year, commenced operations on Friday and directed its members to provide ‘help and get help,’
urging them to make use of the cryptocurrency, bitcoin, for their transactions.

Comments

Post a Comment

Popular posts from this blog

Biafra memories: PHOTOS and VIDEO of Ojukwu bunker

Image
NAIJ.com paid a visit to the Ojukwu Bunker in Umuahia, the capital of Abia state recently. The bunker which was a vital part of the Biafran leadership strategy to win the Nigerian civil war between 1967 and 1970 is now the annex of the National War Museum located at Okpara Avenue, Umuahia. The plan of the bunker Constructed after the fall of Enugu during the war, it served as subterranean office for the then Biafran government led by Biafra warlord, Late Chukwuemeka Odimegwu Ojukwu. Pictures of Biafra leader, Ojukwu and other Biafra Leaders of Thought The premises where the bunker is located belonged to Late Dr Michael I. Okpara, the second Premier of Eastern Nigeria. READ ALSO: 5 Biafran armoured vehicles which were built during the war (photos, video) The plan was drawn by Frank Mbanefo, while the structural design was done by Dr Chuba Agbim. The superintendent who handled the workers was Late Laurence O. Okany while the construction was done by Engineer J
Read more