₦airaland Forum

30/08/2016

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called “mutual aid financial network” with a monthly investment return of 30%

The Commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a PONZI SCHEME where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.

The general public is hereby advised to distance themselves from this online scheme. Please note that anyone that subscribe to this illegal activity does so at his/her own risk.

Source:
http://sec.gov.ng/the-attention-of-the-securities-and-exchange-commission-nigeria-sec-has-been-drawn-to-the-activities-of-an-online-investment-scheme-tagged-mmm-federal-republic-of-nigeria/

cc:Lalasticlala, OMA4J, Mynd44

ukyeyibio:
Source:
http://sec.gov.ng/the-attention-of-the-securities-and-exchange-commission-nigeria-sec-has-been-drawn-to-the-activities-of-an-online-investment-scheme-tagged-mmm-federal-republic-of-nigeria/

cc:Lalasticlala, OMA4J, Mynd44

don't u think it willl be far better if you paddle your own canoe? We are all aware of the fraud and let the pool of fraud carry us away, mmm money saved my uncles wife life when they need money for CS. If they go with my money am ok with them compare with the loot and share system we have in nigeria sectors.

Well... Me don collect my 30% for this month... I don't know about you

Nigerians and free things.

Sadly, nothing comes for free, even the air we breathe.

ThuGnificenX:
Well... Me don collect my 30% for this month... I don't know about you

mmm has been saving youths since 2010 bros

They are busy gathering. It's just a matter of time the so called MMM will disappear. I wonder who would be held for any breach of the terms stated.

altim8:
They are busy gathering. It's just a matter of time the so called MMM will disappear. I wonder who would be held for any breach of the terms stated.

Just like d group called Gold Package disappeared in Delta State.