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EFCC Speaks on Ongoing Probe of MMM Operations in Nigeria – Important Details

MMM Nigeria seems to be the latest trends in Nigeria Business today, and it seems like everything is about to crash, thanks to the federal government of Nigeria directive, asking EFCC to probe MMM. Well, we have latest and verified reports from the board, regarding MMM, and to all investors of MMM, we think this is an important information to you.

The Economic and Financial Crimes Commission, EFCC, has today, officially confirmed that it is investigating operations of the MMM investment scheme in Nigeria.

mmm-nigeria-official

According to the EFCC spokesman, Wilson Uwujaren, who disclosed to the news agency of Nigeria, that EFCC has put MMM under surveillance, and that the House of Representatives cannot direct the EFCC to investigate what he described as faceless wonder banks like MMM.

“We can only arrest people based on the evidence that we have. The House made a resolution but the resolution is a public announcement,” Mr Wilson Uwujaren disclosed.

According to Mr Wilson, who said and i quote:

“EFCC and the CBN has several times, advise people not to patronize wonder banks because experience over time has shown that their activities are not sustainable and does not last very long.

“If you get involved in it, you will eventually get hurt, no matter how long, Wonderbanks like MMM Nigeria does not have any investment background and always does not end well. What we are currently doing is to sensitize people. We know people want to make quick money as a result of recession through this MMM scheme, but this will hurt people in the end.

“The unfortunate thing about this MMM is that it is not a Nigerian firm, not own or controlled by a Nigerian, Bank or visible firm. However, what i can confirmed to you, is that we are looking at and we will still tell the media whatever we find out,” Uwujaren said.

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