There has been some reports flying around about a purported folding up of Ponzi Scheme, MMM Nigeria in Lagos which have sent “investors” in the scheme into early panic. FINANCIAL WATCH can report that the reports are false.
Although this can serve as a respite, but analyst believes MMM Nigeria’s crash is not if, but when. Already, there has been been several warnings from Nigeria’s Security and exchange commission (SEC) and the Central Bank of Nigeria (CBN) to Nigerians against investing in such ponzi schemes.
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