‘Beware Of MMM, It Is A Fraud And Will Soon Crash’ -CBN Warns Nigerians


The Central Bank of Nigeria has sounded a note of warning to all Nigerians investing into MMM, telling them to desist from doing so.

According to Nigeria’s apex bank, the scheme which promises 30% return on investment is not regulated and bound to crash soon.

This is coming days after Minister of Solid Minerals and Steel Development, Dr. Kayode Fayemi, dissociated himself from the MMM, saying he has nothing to do with it or any other online financial aid community, projects or contracts.

Speaking during a mentoring program for students, of Government Secondary School, CBN Head of consumer protection Sueja Kassim warned the students against investing in MMM which he described a wonder bank.

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