Loading...

Author Topic: Access bank warns customers – ‘Beware of MMM, you will soon lose all your money’  (Read 114 times)

0 Members and 1 Guest are viewing this topic.

Offline Ereporter

  • Hero Member
  • *****
  • Posts: 796
    • View Profile


Access Bank Nigeria Plc has warned its customers to avoid dealing with Mavrodi Mondial Movement, a Ponzi scheme, which has been declared illegal by the Central Bank of Nigeria and the Securities and Exchange Commission.

The bank in an emailed statement to its customers said it had come to its attention “that some customers are engaged in the Ponzi scheme called ‘MMM’”.
“Please be advised that this scheme is not in line with any applicable or known investment product and may ultimately lead to loss of funds in the long run,” the bank warned.

“We advise that customers avail themselves of genuine and approved investments and products in the Nigerian banking environment.”

However, NE gathered that despite the warning by the Federal Government, thousands of Nigerians have continued to patronize the scheme with its website ranking as one of the five most visited in the country, ahead of Facebook.

Source: http://nigerianewsnow.com.ng/2016/12/07/access-bank-warns-customers-beware-of-mmm-you-will-soon-lose-all-your-money/



 

Some Nigerian governors spend public funds like personal money?Says Fmr Minister

Started by legendguru

Replies: 0
Views: 210
Last post January 24, 2016, 02:40:19 PM
by legendguru
No one can Prove i stole Rivers State money – Former governor, Rotimi amaechi

Started by newspostng

Replies: 0
Views: 184
Last post July 29, 2016, 07:55:18 AM
by newspostng
Update: Orji Kalu pleads not guilty to money laundery charges

Started by Ereporter

Replies: 0
Views: 66
Last post October 31, 2016, 07:15:38 PM
by Ereporter
New whistle blowing policy: Nigerians to make money when they expose corruption

Started by Ereporter

Replies: 0
Views: 255
Last post December 22, 2016, 05:42:23 PM
by Ereporter
Buhari warns Incoming Ministers'dont use Long Convoys,dont Appoint Excess Aides

Started by admin

Replies: 0
Views: 145
Last post November 07, 2015, 12:44:21 PM
by admin
Court Acquits Fani-Kayode of 38 Counts of Money Laundering

Started by jchima14

Replies: 0
Views: 157
Last post November 18, 2014, 10:38:50 PM
by jchima14
Take politicians? money, vote your choice, Archbishop tells Nigerians

Started by jchima14

Replies: 0
Views: 146
Last post December 07, 2014, 02:19:16 PM
by jchima14
Presidential panel member re-arraigned for alleged $1m money laundering

Started by Ereporter

Replies: 0
Views: 48
Last post October 03, 2016, 05:12:17 PM
by Ereporter
Panic in Nigeria as popular money doubling scheme crashes

Started by Ereporter

Replies: 0
Views: 348
Last post December 02, 2016, 05:05:10 PM
by Ereporter
Donald Trump warns Clinton about playing "the war on women" card

Started by yungcrux

Replies: 0
Views: 156
Last post December 25, 2015, 10:39:33 AM
by yungcrux