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EFCC taunts MMM participants on Twitter

14 December 2016, 11:49Tony Smart

Abuja - Economic and Financial Crimes Commission has taken a swipe at the victims of the recently suspended Ponzi scheme Mavrodi Mondial Moneybox (MMM).

The commission took to its twitter handle to equally remind Nigerian that they were warned severally not to patronize the ponzi scheme or any other wonder banks since the returns often promised by such schemes are always too good to be relied upon.

Recall that all members of the ponzi scheme woke up with the shock message displayed on their screens as soon as they logged into their accounts stating that access to Getting Help had been frozen for one month.

The decision of Ponzi scheme Mavrodi Mondial Moneybox on Tuesday to freeze the accounts of participants for one month caused panic among millions of Nigerians who shunned warnings by the Federal Government and embraced the scheme.

While the promoters of the scheme insisted in a notice to participants that it had not crashed, close followers of MMM warned that the one-month freeze announced was similar to what happened in South Africa before the scheme crashed there.

Apparently alarmed that their “investment” was lost, and despite shunning the government’s warnings, some users turned to the Economic and Financial Crimes Commission for answers… only to get mocked.

When The Reet Petite suggested in a tweet via @Lolami_Boo that it was the EFCC’s job to stop such scams, the anti-graft agency recalled that there were several warnings about the scheme.

But when another user in response to the EFCC claimed that the agency’s officials and their spouses or siblings also fell for the scheme, the anti-graft agency did not hold back.

“Brav … no wait … MAVRO to them,” it replied.

- News 24


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