The federal government (FG) of Nigeria is planning to shut down MMM operations in Nigeria. The government is seeing the “Ponzi Scheme” as one which deteriorates the economy.

The managing director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim while speaking at the 2016 Lagos International Trade Fair said that regulators have set up a committee to see the end of the nefarious activities of the ‘fraudsters’ across the country.
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“I wish to sound a word of caution to members of the public on the activities of illegal fund managers, otherwise known as Wonder Banks. It is...

Source : http://www.myrecentnews.com/business/fg-plans-shut-mmm-nigeria/

cc : lalasticalala

Op u no get work at all. How does the activities of MMM disrupt Nigerian Economy?

I said "the government".

NOTHING THEY HAPPEN JOR. I DEY HAMMER MY PEPE THERE

make me sef go hammer my own o

I dont know why people are bothered over this useless news. Where is bank MMM located? If the federal govt knows the office of MMM they should go ahead and shut it down. If they know the bank account of MMM they should take it over. The kind of falsehood some uninformed journalist peddle just to make story and they even quote someone in govt. You cant close down what you dont know its location. You cant seize what does not exist. MMM has no office in where in the world. And MMM has no bank account anywhere in the world. Ignorant Journalist should get educated so as to report sensibly. There are wonder banks in Nigeria with physical offices across the nation. Each time govt mentions wonder banks, Journalists on their own include MMM. MMM is not a wonder bank for wonder banks have physical offices and physical bank accounts. They are the ones govt can reach and shut down, not MMM.

cametopass:
I dont know why people are bothered over this useless news. Where is bank MMM located? If the federal govt knows the office of MMM they should go ahead and shut it down. If they know the bank account of MMM they should take it over. The kind of falsehood some uninformed journalist peddle just to make story and they even quote someone in govt. You cant close down what you dont know its location. You cant seize what does not exist. MMM has no office in where in the world. And MMM has no bank account anywhere in the world. Ignorant Journalist should get educated so as to report sensibly. There are wonder banks in Nigeria with physical offices across the nation. Each time govt mentions wonder banks, Journalists on their own include MMM. MMM is not a wonder bank for wonder banks have physical offices and physical bank accounts. They are the ones govt can reach and shut down, not MMM.

Leta think outside the box pls. MMM is a software system, programmed and been operated on a server which is owned by someone. Also, there are access to the software system which is controlled by someone somewhere. Getting this person or where he is is not a problem. What if government arrest the promoter and force him/her to give out the passkey to the system software for his/release. When they get the passkey, they can easily shutdown everything.

Also, I am thinking of censoring. Dont you think government can censor access to MMM nigeria in Nigeria?