Nigerians were warnedon Danger of MMM: EFCC
THE Economic and Financial Crimes Commission (EFCC), Tuesday, reminded Nigerians of the several warnings issued to the public on the dangers of investing in the popular Ponzi scheme, Mavrodi Mondial Moneybox (MMM), as the scheme freezes operations for 30 days.
The commission made the disclosure on their official Twitter account, @officialEFCC, while reacting to an accusation levelled against it by a netizen on Twitter. According to the critic, who identified self as @Lolami_Boo on Twitter, she accused EFCC of negligence of duty saying, “Isn't it your job to stop crap like this?”
Where the hell was @officialEFCC ?? Isn't it your job to stop crap like this??? https://t.co/2RUq9JeK2A
— The Reet Petite (@Lolami_Boo) December 13, 2016
Reacting to the accusation, EFCC said, “You mean amongst the plethora of venality we fight daily? Ponzi schemes aren't sustainable. There were a number of warnings. #DontDoIt ” You mean amongst the plethora of venality we fight daily? Ponzi schemes aren't sustainable. There were a number of warnings. #DontDoIt https://t.co/GeUhP4nrVT
— EFCC Nigeria (@officialEFCC) December 13, 2016 . It will be recalled that the scheme, placed one month ban on all withdrawals starting from Dec. 13.
A letter displayed on the page of participants of the scheme cited “heavy workload on system” as reason for the ban.
— Dec 13, 2016 @ 17:58 GMT