The Central Bank of Nigeria has warned Nigerians to desist from investing in the MMM scheme. The apex bank warned that the scheme which promises 30% return on investment is not regulated and bound to crash soon.
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.
This warning is coming days after the 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.
Join our twitter community :