According to a report by the Nigeria Electronic Fraud Forum, NeFF, a total of N11.9 billion was lost by Nigerians to the Mavrodi Mundial Moneybox, MMM, Ponzi scheme in 2016.

The NeFF annual report said Nigerians invested over N28.7 billion in MMM between June and December 2016.

It said the N28.7 billion passed through the Nigeria Inter-Bank Settlement System, NIBSS, involving only 14 banks. These banks are currently on the NIBSS industry Anti-fraud System, HEINDALL.

This indicates that the aggregate amount Nigerians invested in the MMM and the loss could be much higher than the above figures, it said.

It added that Nigeria’s financial sector lost N2.19 billion to fraudsters in 2016 and that some banks shield fraudsters in the financial system by refusing to expose them, thereby making it easy for such criminals to continue in their evil deeds.


http://www.newshelmng.com/2017/05/how-much-nigerians-invested-and-lost-to.html

This flying idiot just copied last year's outdated bullsheet and posted.

Anyway. I Cc lalastica too.

#MMMpays

Long live MMM

Bad bele MMM still paying and strong inform your brother

fifty:
This flying idiot just copied last year's outdated bullsheet and posted.

Anyway. I Cc lalastica too.

#MMMpays

no mind d mumu...make e dey form accountant general of d federation.

adax007:

no mind d mumu...make e dey form accountant general of d federation.

That's why there are so many poor people in this country. They cant see beyond the 50kobo they are guarding with their whole life.

Truth they say is bitter. This is just a reminder that Ponzi drains. The news as stated by some may be old but the indelible mark it's left on some may never grow old. How do you expect to be rich in MMM when both of us entered the scheme with the same aim. MMM is not a company that provides any services nor produces any products. Our monies only exchange hands and some will eventually suffer for it. Let's shun ponzi 'cos it's worse than baba ijebu. It's a silent killer.

EdificationBoss:
According to a report by the Nigeria Electronic Fraud Forum, NeFF, a total of N11.9 billion was lost by Nigerians to the Mavrodi Mundial Moneybox, MMM, Ponzi scheme in 2016.

The NeFF annual report said Nigerians invested over N28.7 billion in MMM between June and December 2016.

It said the N28.7 billion passed through the Nigeria Inter-Bank Settlement System, NIBSS, involving only 14 banks. These banks are currently on the NIBSS industry Anti-fraud System, HEINDALL.

This indicates that the aggregate amount Nigerians invested in the MMM and the loss could be much higher than the above figures, it said.

It added that Nigeria’s financial sector lost N2.19 billion to fraudsters in 2016 and that some banks shield fraudsters in the financial system by refusing to expose them, thereby making it easy for such criminals to continue in their evil deeds.


http://www.newshelmng.com/2017/05/how-much-nigerians-invested-and-lost-to.html