EFCC: We have warned people to stop doing MMM

EFCC: We have warned people to stop doing MMM

The Economic and Financial Crimes Commission (EFCC) has officially reacted to the instructions of the Federal House of Reps to arrest promoters of pyramid scheme, Mavrodi Mondial Moneybox aka MMM.

EFCC’s official spokesman Wilson Uwujaren said on Tuesday:

“We can only arrest people based on the evidence that we have. The House made a resolution but the resolution is a public announcement.

“We have always been advising people not to patronize wonder banks because experience over time has shown that their activities are not sustainable.

“If you get involved in it, you will eventually get hurt. What we are currently doing is to sensitize people. We know people want to make quick money as a result of recession through this MMM.

“The unfortunate thing about this MMM is that it is not a Nigerian firm but we are looking at and we will still tell the media whatever we find out.”