Members of the Senate have warned Nigerians to desist from participating in the MMM ponzi scheme, saying it would soon crash and leave them with nothing.

The Chairman of the Senate committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim, urged Nigerians to be careful with where they put their hard-earned money.

Ibrahim said: “Any financial institutions of any kind that is not under the regulation of a Regulator such as MMM is a pyramid that will soon burst. We engaged the CBN and they have issued a statement in the recent past. So Nigeria should be wise and know that there is no free money anywhere. One wonders which investment can yield 30% flat any where in the world.”

Senator Gbolahan Dada added: “It is important for members of the Public to know this fact. MMM was a Russian company founded in 1989. The company was established by Sergei Mavrodi, his brother named Vyacheslav Mavrodi, and Olga Melnikova.

Read the full post and more: http://www.concaholic.com/news/senate-warns-mmm-will-leave-you-with-tale-of-woes/

Dont cry for me senate

MMM is like tesetesefly biting hard on man's scrotum..if you hit it you brake your scrotum and if you ignore it, it sucks up the blood in your scrotum


...stubborn fly is soon buried with the corps



...A dog that is destined to die God first make it unable to hear the whistles of the owner



maybe mmm is part two of Apc govt that God wants to use to punish Nigerians

Ok

WanaG:
Members of the Senate have warned Nigerians to desist from participating in the MMM ponzi scheme, saying it would soon crash and leave them with nothing.

The Chairman of the Senate committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim, urged Nigerians to be careful with where they put their hard-earned money.

Ibrahim said: “Any financial institutions of any kind that is not under the regulation of a Regulator such as MMM is a pyramid that will soon burst. We engaged the CBN and they have issued a statement in the recent past. So Nigeria should be wise and know that there is no free money anywhere. One wonders which investment can yield 30% flat any where in the world.”

Senator Gbolahan Dada added: “It is important for members of the Public to know this fact. MMM was a Russian company founded in 1989. The company was established by Sergei Mavrodi, his brother named Vyacheslav Mavrodi, and Olga Melnikova.

Read the full post and more: http://www.concaholic.com/news/senate-warns-mmm-will-leave-you-with-tale-of-woes/

But not as woeful as the pains inflicted on millions of Nigerian by this clueless Gov't headed by PMB