MMM is a Fraudulent Scheme, CBN Warns Nigerians

Hajiya Kadija Kassim, the Head of Consumer Protection Department at the Central Bank of Nigeria, CBN, has warned that the popular investment scheme, MMM, is a fraud.


She said this on Monday in Niger while answering a question during a mentoring programme for students of the Government Secondary School, Suleja, Niger State.

“We have heard about the activities of MMM, but I want to warn you against it because they are wonder banks that are not regulated.

“Desist from their activities because they are fraudulent.”