Connect with us

Access Bank Cautions Its Customers over MMM Nigeria

mmm-nigeria

News

Access Bank Cautions Its Customers over MMM Nigeria

mmm-nigeria

One of Nigeria leading commercial bank, Access Bank has warned Nigerians not to deposit into any financial institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC).

According to letter issued out to all their customers, warned Nigerian that are involved in the controversial Ponzi Scheme (MMM), stand a risk of loosing all their money.

The letter further advised Nigerians that the scheme is not in line with any applicable investment product and may ultimately lead to the loss of funds on the long run.

Read the full letter below:

access-bank-warn-nigerian-of-mmm

MMM Federal Republic of Nigeria made a grand entrance into the Nigerian investment market in 2016. MMM stands for Mavrodi Mondial Moneybox and takes its name from its founders, Sergei Panteleevich Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova.

The scheme was established in 1989 by these three Russian nationals, and promises its clients 30 per cent return on investment (ROI) for money put into the system for 30 days. The scheme prides itself as a mutual aid fund through which recruited members contribute money to assist others.

Related Posts Plugin for WordPress, Blogger...

Comments

comments

READ  5 Ways Nigerian Vloggers can Get More Subscribers on Youtube.ng
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

*

* Copy This Password *

* Type Or Paste Password Here *

192,038 Spam Comments Blocked so far by Spam Free Wordpress

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in News

Advertisement

Popular Posts

Facebook

Follow me on Twitter

Advertisement

Trending

Advertisement
To Top
%d bloggers like this: