FG Plans To Shut Down MMM In Nigeria; See How

Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has revealed that the Federal Government of Nigeria has set up a Committee to shut down MMM operations in Nigeria.

He said;

“I wish to sound a word of caution to members of the public on the activities of illegal fund managers, otherwise known as Wonder Banks. It is worrisome to note that despite repeated advice, many unsuspecting members of the public are still falling victims to the mouth-watering interest being offered by these illegal fund managers.

“Members of the public are therefore advised to patronise only banking institutions that display the NDIC sticker: “Insured by NDIC” in their banking halls or entrances. However, the regulatory authorities have set up an inter-agency committee under the Financial Services Regulatory Coordinating Committee(FRSCC) to stem the nefarious activities of these fraudster across the nation”.


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  • Mezzy Gilbert


  • Kenny D Osonwa


  • Cornel Nwankwo

    Make I run go tell my friends wey do MMM to recover their money oooooooo

  • emekachilaka

    this country we never help matter nawa o

  • kayode akinsanya

    Shutting it down is not the best for now they should have a meeting with them and give MMM terms and conditions

  • I just dey laugh

    This MMM has help a lot of Nigerians, they have done what even the FG can’t do in 10 years for it citizens well, I just dey laugh

  • chika bibian

    Hmmm interesting… I pity people that just invested

  • Lmao this would be interesting

  • Olovo Obinna

    Bad belle people…their greed won’t let them allow MMM to stay in 9ja

    • vivian Ify

      As in eh…no be small bad belle people

  • Kenny D Osonwa

    MMM,, I pass.

  • WillieBravo

    U people should tell us what would better our lots rather than coming here to talk shit.