Thursday, 1 September 2016

Beware of MMM Federal Republic of Nigeria- sec warns Nigerians

Hello guys, and Happy new months to you all… Well to those of you actively involve in MMM, SEC have something important for you..

SEC on its website, said, “The attention of SEC, Nigeria has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid financial network’ with a monthly investment return of 30 per cent.

“The commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a Ponzi Scheme, where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.”

SEC, therefore, advised the general public to distance themselves from the online scheme, adding, “Please note that anyone that subscribes to this illegal activity does so at their own risk.”

I know most of you may still not agree with the above but please apply common sense… Don’t invest all your money in MMM. I know that even common sense is not common.

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