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Arrest MMM Promoters - House Of Reps To EFCC - Business (7) - Nairaland

Nairaland Forum / Nairaland / General / Business / Arrest MMM Promoters - House Of Reps To EFCC (105026 Views)

Flashback To When Pastor Sunday Adelaja Exposes MMM Promoters / Presidency Buhari Calls MMM Promoters Fraudsters, Maps Out Strategy To Stop MMM / Breaking News: We Cannot Go After MMM Promoters, EFCC Tells NASS (2) (3) (4)

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Re: Arrest MMM Promoters - House Of Reps To EFCC by joisfeko: 7:43pm On Nov 09, 2016
winkmart:
The House of Representatives on Wednesday asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria.


Lawmakers strongly opposed the investment scheme, which lately gained popularity among Nigerians in the wake of the current economic recession in the country.


MMM promises 30 per cent return on investment for any money put into the scheme within 30 days.


The investment scheme has a Russian origin and “involves directing clients to make money available for an anonymous person with a promise of 30 per cent return within one month.”


But, members described the scheme as a “scam” and warned Nigerians not to be carried away by the “mouth-watering” returns on investments.


Lawmakers warned that the “trick” used by the operators was to attract as many Nigerians as possible to invest substantial amounts of money before the bubble would burst.


The House directed the EFCC, security agencies and the CBN to take urgent steps to halt the scheme before many Nigerians would become victims of the scam.


It also asked its Committees on Banking/Currency and Financial Crimes to investigate the activities of MMM Nigeria Scheme, “with a view to saving Nigerians participating in the scheme from you financial ruin.”


The Chairman, House Committee on Telecommunications, Mr. Saheed Fijabi, had in a motion, drawn the attention of the House to the growing popularity of the scheme among Nigerians.


Fijabi, an All Progressives Congress lawmaker from Oyo State, represents Ibadan-South/West Federal Constituency.


“The scheme entered the Nigerian circle in 2016, capitalising on the high level of unemployment and poverty to deceive unwary Nigerians into falling prey to their antics”, Fijabi stated.


He said the fact that MMM was not regulated by law or approved by the CBN as a secure business venture, made Nigerians more vulnerable.


http://www.blackberrybabes.com/2016/11/house-of-reps-ask-efcc-to-arrest-mmm.html

lalasticlala
thunder go fire all of them,watin conncearn them, if am a victim of scam ,what is ur business ? Money way no be their own rather my own ,risk my own.."Let them concentrate on our economy and brig it back where they mate it.

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by Toniwirelex: 7:44pm On Nov 09, 2016
anigbajumo:




Keep on deceiving urself,Let them ban it nd u will see smart Nigerians flexing with mmm money.I gat 5diff apps to log in to my mmm acct without indicating am a Nigerian. Let them do their worst and they will see the themselves unclad.

you think you have made sense abi? perhaps you forgot that two or more parties must be involved before a successful transaction can be achieved.. tell me, if everyother person stops MMM and only you is left with your EINSTEIN idea, how will you PH and GH?

3 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by snazzie: 7:44pm On Nov 09, 2016
gurunlocker:


Yes, they might not have physical office. But I'm sure you understand how internet works?... They only have to shut down their website and voila, all money gone!!!
Shutdown and Money gone? So wu r deh saving, their pple or mavro?
Re: Arrest MMM Promoters - House Of Reps To EFCC by charlsecy: 7:44pm On Nov 09, 2016
gurunlocker:
Yes, they might not have physical office. But I'm sure you understand how internet works?
Did you know MMM is in around 118 countries, with over 200 million participants worldwide?

Meanwhile, has Nigeria shut down Radio Biafra?

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by vhrinter: 7:45pm On Nov 09, 2016
InvertedHammer:
/
The outrage against MMM is increasing exponentially around the corridors of power in Nigeria.

But the players will not take heed. This is the time to pull your money and stand aside.

The CBN will definitely pull the next move that will kill MMM.

Guess what? MMM will find excuse to seize all the funds at its disposal.

With accounts frozen and many years of investigations and litigations, people's money will be trapped.

The warning signs are there. Don't ever fight the government in monetary issues. They always win.

\


pls be guided there is not money with MMM. MMM is just a site like Facebook that connect people. if it crash they have nothing to gain. MMM is not collecting a dime from us. we love IT. cause his ideology is great and that is why some people hate IT. long live MMM.

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by ChiSun27(m): 7:46pm On Nov 09, 2016
kennygee:
As much as I agree its a ponzi scheme, ut is working for Nigerians now. So till it fails, Reps should kind their business.

Seems your keypad is faulty

9 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by ceejay80s(m): 7:46pm On Nov 09, 2016
asuo27:
Those of you abusing the law makers when it happens you will all come here to create threads seeking for sympathy...A word is enough for the wise.


They are scared of losing their money , that why they are all pretending its ok, so other new participant will put their money for them to be paid with it and they will withdraw for the mmm stuff, u no know say if new people no put in their money the old ones no go see their own money collect

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 7:48pm On Nov 09, 2016
Princehojay:



Hmmm, it is highly obvious that you posted this useless comment of yours from your sick bed in ARO, I mean psychiatric hospital Abeokuta......... Why not use your drugs as prescribed by the Doctor in charge of your brain..........Barbarian.......... You must be mentally disturbed............. Old fool.........


grin grin grin grin grin You are foaming over MMM like this, anyway it takes one mentally disturbed person to recognise another, your bed is right next to mine sweetheart. The fact still remains that MMM will abscond one day and una go hear am grin, I will be here to hand out free tissues , at least I hope some of you will not commit suicide sha lipsrsealed

bharkarh:
and who told you MMM is a wonder bank? Do you think MMM is collecting the money? I was once like you tho.
Still waiting for how the Government will shutdown MMM website... Shey those wey no fit shutdown radio Biafra?
Just like football, MMM is the only thing keeping Nigerians together.
I just provided help to my friend in the EAST grin

Same way they did in Russia and South Africa darling wink

3 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 7:48pm On Nov 09, 2016
OMG d; see many people following this thread, Maybe I'll do this MMM things self. please what's the maximum amount of money that can be deposit for this scheme.

2 Likes 1 Share

Re: Arrest MMM Promoters - House Of Reps To EFCC by jamjos(m): 7:49pm On Nov 09, 2016
pls talk about recession and forget about mmm. how av u help Nigerians jobless people

2 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by dguyindcorner(m): 7:49pm On Nov 09, 2016
gurunlocker:


Yes, they might not have physical office. But I'm sure you understand how internet works?... They only have to shut down their website and voila, all money gone!!!

Why na? Why do u keep displaying your Ignorance in the public? They can never shut down the website because the servers are not located here. MMM is running in China, stop being heard and see things for yourself. MMM was recently launched in USA...what have you to say? MMM does not break any law and it is not an investment scheme your Government sucks!


BTW: MMM is the most surf Nigeria website even above Nairaland. Long live MMM jor!!!

7 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by ceejay80s(m): 7:49pm On Nov 09, 2016
dunkem21:


They have refused to credit my bet account after repeatedly showing them evidences of funds debited from my bank account to them. .

The mail history is there and it is over a month.

How much is the money u won ?
Re: Arrest MMM Promoters - House Of Reps To EFCC by masterP042(m): 7:50pm On Nov 09, 2016
ceejay80s:


They are scared of losing their money , that why they are all pretending its ok, so other new participant will put their money for them to be paid with it and they will withdraw for the mmm stuff, u no know say if new people no put in their money the old ones no go see their own money collect
old members still reinvest their money because they understand the ideology of mmm. Ogbeni if u no sabi anything about mmm I suggest u keep mute.

7 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by jbcul4ril(m): 7:51pm On Nov 09, 2016
They are joking o

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by chessguru(m): 7:51pm On Nov 09, 2016
gurunlocker:


Yes, they might not have physical office. But I'm sure you understand how internet works?... They only have to shut down their website and voila, all money gone!!!
lie lie...... Could South Africa do it? No they failed thunder fire all these thief's you call politicians..... Their salaries is the highest in the world while the masses can hardly feed...... Yeye people MMM will stand stronger
Re: Arrest MMM Promoters - House Of Reps To EFCC by trexlewis(m): 7:51pm On Nov 09, 2016
gurunlocker:


Yes, they might not have physical office. But I'm sure you understand how internet works?... They only have to shut down their website and voila, all money gone!!!
Bros how WIll they shut it down, educate me biko. Highest they can do is block the ip In Nigeria, solution is so simple use an ip tunnel.

2 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by iukpe: 7:52pm On Nov 09, 2016
I think some house members are also investing in the mmm scheme. They do not need EFCC, what would be the charge for arrested promoters? They can simply instruct the agency responsible for internet access to block the site from Nigeria and that will limit its access but will not stop it. If you have your private ISP then you can roll on with mmm.

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by glossy6(f): 7:52pm On Nov 09, 2016
missKiffy:
I don't do this MMM of a thing but to be sincere it pays, I see testimonies of most of my colleagues that do it but the problem is even if it doesn't crash on its own, the Government can take it down, which is what I think they are about to do.

Government cannot take it down but the ponzi scheme will crash on its own, much later.

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by bharkarh(m): 7:53pm On Nov 09, 2016
naijababe:



grin grin grin grin grin You are foaming over MMM like this, anyway it takes one mentally disturbed person to recognise another, your bed is right next to mine sweetheart. The fact still remains that MMM will abscond one day and una go hear am grin, I will be here to hand out free tissues , at least I hope some of you will not commit suicide sha lipsrsealed



Same way they did in Russia and South Africa darling wink
lol...it was shutdown in Russia 'cos they evaded tax(then MMM was running a centralize style of payment) but as it stands now, they can't shut it down. Perhaps you can't compare Russia to Nigeria Na haba! And for SouthAfrica, last I checked, it was still running. An evidence that it was shutdown would be appreciated.

2 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by Shaev7(m): 7:53pm On Nov 09, 2016
I just dey read comments dey laugh. hahahahahahahahahahaha lol. ;DI
Re: Arrest MMM Promoters - House Of Reps To EFCC by Adebanjids1(m): 7:54pm On Nov 09, 2016
But like seriously, standing here and commenting cant do a bit...Let start a campaign against their actions.

As for me, av asked God just ONE thing
To kill the chairman committee on this rubbish if he doesn't drop eyeing MMM

7 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by charlsecy: 7:54pm On Nov 09, 2016
InvertedHammer:
MMM will find excuse to seize all the funds at its disposal,,,
Your ignorance about the workings of MMM is errrrrr...

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by lakesider(m): 7:54pm On Nov 09, 2016
InvertedHammer:
/
The outrage against MMM is increasing exponentially around the corridors of power in Nigeria.

But the players will not take heed. This is the time to pull your money and stand aside.

The CBN will definitely pull the next move that will kill MMM.

Guess what? MMM will find excuse to seize all the funds at its disposal.

With accounts frozen and many years of investigations and litigations, people's money will be trapped.


The warning signs are there. Don't ever fight the government in monetary issues. They always win.

\
I believe you can read .try read how something works before making comment
Re: Arrest MMM Promoters - House Of Reps To EFCC by authenticman(m): 7:54pm On Nov 09, 2016
gurunlocker:


Yes, they might not have physical office. But I'm sure you understand how internet works?... They only have to shut down their website and voila, all money gone!!!

So how will the FG shut down the site? Did they issue MMM any webhosting licence in the first place to be able to revoke it?
Re: Arrest MMM Promoters - House Of Reps To EFCC by 3Ceagle(m): 7:55pm On Nov 09, 2016
asuo27:
Those of you abusing the law makers when it happens you will all come here to create threads seeking for sympathy...A word is enough for the wise.


I think majority of people investing in mmm knows the risk involved and every investment has it own risk level. Just as many investment seen as legal in the eyes of government failed over the years, so is mmm going to fail later. Government should rather sensitize the citizenry on the dangers of such investment rather than being the agent that but pulls it down, either ways people will loose their money so government should allow it fail naturally. How come government has not pulled down the various lottery companies or are people not loosing money too? The risk belongs to the individuals and not the government.

2 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by Izen: 7:55pm On Nov 09, 2016
DropShot:
Good job by the House.

Those of you old enough will recall that many Nigerians were defrauded in similar fashion in 2006/2007 through such investment with Real and Cool, Wealth Solution, etc. The return was even more fantastic than this. Many people lost huge money and some later committed suicide.

It mustn't happen again in Nigeria. A word is enough for the wise.

But wait, is it your suicide?

3 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by Generalkorex(m): 7:55pm On Nov 09, 2016
DropShot:
Good job by the House.

Those of you old enough will recall that many Nigerians were defrauded in similar fashion in 2006/2007 through such investment with Real and Cool, Wealth Solution, etc. The return was even more fantastic than this. Many people lost huge money and some later committed suicide.

It mustn't happen again in Nigeria. A word is enough for the wise.
i remember pennywise then
Re: Arrest MMM Promoters - House Of Reps To EFCC by nairaman66(m): 7:55pm On Nov 09, 2016
stanuplane:
and I just applied to give help of 50k, wetin I go do now

Dude I did more than 1M plus today..

1 Like

Re: Arrest MMM Promoters - House Of Reps To EFCC by joelkayus: 7:56pm On Nov 09, 2016
@chilecici, pls be informed that mmm can be stop in anycountry by the govt of the day,ur cyber space is being regulated by the communications ministry dats is the reason y social media is band in some arab countries..so mmm can be band on our cyber space , and I strongly believe that it will happen, so for mmm participant,pls tread with caution
Re: Arrest MMM Promoters - House Of Reps To EFCC by dguyindcorner(m): 7:56pm On Nov 09, 2016
InvertedHammer:
/
The outrage against MMM is increasing exponentially around the corridors of power in Nigeria.

But the players will not take heed. This is the time to pull your money and stand aside.

The CBN will definitely pull the next move that will kill MMM.

Guess what? MMM will find excuse to seize all the funds at its disposal.

With accounts frozen and many years of investigations and litigations, people's money will be trapped.

The warning signs are there. Don't ever fight the government in monetary issues. They always win.

\

You are still blind. Are you aware the Government tried the same in SA but failed and later apologized? People eyes are opened my brother. The whole financial system is a ponzi scheme...get wisdom!!!

2 Likes

Re: Arrest MMM Promoters - House Of Reps To EFCC by glossy6(f): 7:56pm On Nov 09, 2016
ABJDOT:
OMG d; see many people following this thread, Maybe I'll do this MMM things self. please what's the maximum amount of money that can be deposit for this scheme.

You can put up to 3m. I was about paying in my 1m today at the bank to 6 people that called for help when my friend bumped into me at the bank and tore the transfer sheets, telling me to reduce the amount
Re: Arrest MMM Promoters - House Of Reps To EFCC by ovieigho(m): 7:58pm On Nov 09, 2016
chilet4cici:
At times I laugh when people say FG will shut down MMM as if mmm is one shop at ebutte-meta, oyingbo or Alaba market, as if MMM is one company at Agbara industrial estate.my take, if FG can not stop u from browsing the internet,they can't stop u from access and runing ur mmm account. Let me shock u. MMM program is not a program that started yesterday. it has survive tougher periods than this. It passed through fierce fire, yet it came out refined, crystal sparkling and purer than GOLD. your own MMM can only stop when you as a participant stop to participate. Clever sergey mavrodi saw the feature and designed MMM not to depend on anybody to survive. So, with this Strength of MMM, it is possible for MMM to stop existing in a country but mmm can never stop being in existence. Remember there are over 7billion people all over the world. Your country is just a fraction. In short who u be? Also it is possible for only you in ur country to be the only one doing mmm. That is why we have the Bitcoin which connect u to global bank and every other people in other part of the world doing mmm. If u think u don't want to continue with mmm because of what u heard, I beg park well, and let people that dare big things take the center stage of the new financial revolution that bridge the cap between the rich and the poor. The battle of life maybe for everyone, but those that conquer their fears and dare big things are called achievers. In conclusion, always remember this, with or without you mmm will achieve it's goal which is to raise multi-millionaires, why don't u face your fears today, join us in the battle for financial freedom and be counted among the self-made millionaire courtesy of MMM. Nobody can stop u from achieving what u desire except you stop urself. Together we can do alot.
infact this words came as a soothing balm....Bleep the govt .lemme go provide another help

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