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Arrest MMM promoters, House of Reps tells EFCC

The House of Representatives on Wednesday asked the Economic and Financial Crimes Commission to arrest promoters of MMM scheme in Nigeria.

Chairman, House Committee on Telecommunications, Mr. Saheed Fijabi in a motion said the scheme was growing in popularity among Nigerians.

Fijabi said the scheme was deceiving Nigerians using the high level of unemployment and poverty as a strong point.

“The scheme entered the Nigerian circle in 2016, capitalising on the high level of unemployment and poverty to deceive unwary Nigerians into falling  prey to their antics”, Fijabi stated.

Fijabi said Nigerians may fall victim of their antics since the scheme was not regulated by the Central Bank of Nigeria.

The House agreed that the scheme was waiting for Nigerians to invest lots of money before suddenly discontinuing the programme.

The House directed the EFCC, security agencies and the CBN to take urgent steps to halt the scheme before many Nigerians would become victims of the scam.

The committees on Banking/Currency and Financial Crimes were also asked to investigate the scheme.

Comments (0)

  1. house of rep help leave Mmm alone. It have change my life for good why is government taking paracetamol for another people headache
    God will disgrace any body that what to put sand in my food .pls pls.

  2. Comment: please someone should help me advise the house of Representatives to mind their business and live Nigeria mmm. Because so far mmm have the poor at heart not those house of that only make law that enrich their pockets. They are angry because mmm has come to stop Nigeria from worshipping politicians. Now they smile to the bank.

  3. Comment:fuck all the government. Leave us alone to die with our believes. Mmm is still the best they want to help the poor

  4. Comment:if MMM is not genuine or legal then let the government legalise it because poor masses are benefiting at least something is coming. out from it.

  5. Comment: pple dat has no agenda dis is wht dy discuss as if to say u pple hv d interest of d poor masses at heart. If mmm is fraud pls leave them to loot us after all u ppl hv looted our billions wit impunity

  6. Comment:pls de house of rep shuld concentrate on laws dat will move dis country forward nd allow us de poor look for our daily bread frm where we can get pls,which job hv dey created to help dis standing situation dey hv put pple in

    1. Comment:Thank u chinedu tru talk that is not what we want leave that and do your part i meàn provide jobs for us. graduate are jobless no work and you dnt care for that now you are handling MMM issue so serious.dnt worry God almighty we also handle your own scam and issue

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