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.

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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.

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

Despite the warning by the Federal Government, thousands of Nigerians have continued to patronise the scheme with its website ranking as one of the five most visited in the country, ahead of Facebook.

Am sure their workers use customers savings to invest in MMM.

Nigerian bank forming caring.....God punish all of una....MMM has come to stay...all d evil you banks are using our money to do are over...

The biggest losers are the criminal banksters whose service charges on depositors money is higher than the paltry interest they offer but lend same funds at 33% intetests

Between mmm and the banksters, nigerians know the real frauds and crooks

omonkiti:
Nigerian bank forming caring.....God punish all of una....MMM has come to stay...all d evil you banks are using our money to do are over...

U dey mind the idiots? TSA has now made them caring for your common man.

Is it their money?

TonyeBarcanista:
Is it their money?

.. Yes That is the free money they have been using as cheap deposits to do business. Banks should as a matter of urgency, educate the masses on other profitable ways of investing funds.

Almost all the staff of a hospital I visited today do MMM.

My fear is that Nigeria's economy might crash with MMM (IF) it will crash.

Why are Nigerian banks always at the forefront when it comes to attacking MMM .

dunkem21:


.. Yes That is the free money they have been using as cheap deposits to do business. Banks should as a matter of urgency, educate the masses on other profitable ways of investing funds.

Almost all the staff of a hospital I visited today do MMM.

My fear is that Nigeria's economy might crash with MMM (IF) it will crash.

LOL, well participants are aware of the risk, and I am optimistic that it has come to stay

Ahead of Facebook? Walahi, this MMM Don hammer

I got their mail too

all na risk even bussiness is a risk

the only ways bank care for their customers is when you make deposit .
Their only appreciation is the ATM that says
Thank you for banking with us !!!

Mmm Is giving extra 20% +30% mavro for any provided help between Dec 7 to Jan 1
tell you family and friends
http:///?i=ogundipejayjax@yahoo.com