Senate to reveal banks used for MMM

The Nigerian Senate through the Vice Chairman, Senate Committee on ICT and Cybercrime, Senator Foster Ogola (PDP Bayelsa West) Thursday, said it is set to expose all the commercial banks and operatives of the Ponzi scheme – MMM (Mavrodi Mondial Movement) – and ensure they face sanctions for defrauding Nigerians.

Highlights (Vanguard):

  • The Senate would soon come up with a legislation making digital education compulsory in both primary and secondary schools.
  • “We need to secure our cyberspace and financial sector against all forms of crimes or frauds as seen with MMM operators who came in collaborations with insiders, expressly entered the banking system, duped and bolted out.” – Senator Ogola

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