I would have glossed over this misleading report by the Nigeria Electronic Fraud Forum, but for the fact that it's a slap on my face and an affront to my intelligence.

I wouldn't bore you with details of the said report-- which you can check on the front page or click here

https://www.nairaland.com/3831309/23-banks-got-n28.7bn-inflows

I am no pundit but every Nigerian of discerning mind and average intelligence knows that there is no way to distinguish MMM transactions from non-MMM transactions especially since most were made using electronic transfers.

This is truer given that participants don't indicate or write MMM as description in the transfers.

Participants could just pick the amount and account details, credit the account and get confirmed even without speaking with the person you were matched to pay.

Even if they were to get account numbers of participants--- which is impossible except by hacking the MMM site--- there was still no way of saying which transaction was which.

So whence cometh the report from NEFF.
Isn't this report an affront to our intelligence as Nigerians.

This type of gibberish wouldn't be made in any sane society.