Barely 48 hours after the Federal House of Representatives ordered the Economic and Financial Crimes Commission (EFCC) to go after people promoting pyramid scheme, MMM, reports are suggesting that the anti-graft agency has refused the position, stating that the scheme was not illegal.
According to an EFCC source who spoke on anonymity:
“What are we going to charge the promoters of MMM for? What law have they violated? What money has the system stolen?. All these and many more are questions that we need to consider before taking any actions.
“MMM does not have any office in the country where we can go and ask for details about their activities. So our hands are tight.”
“People who participate in MMM are doing so at their own risk. As such they would have themselves to blame for any negative outcome.
“It is not for us to tell them what to do with their money. Just as we do not stop people from investing on any legal business venture, we can not stop people from participating in MMM.”