Things about to fall apart for MMM Nigeria as the Nigeria House of Representatives has mandated its committee on banking and currency and financial crimes to investigate the operations of the internet based mystery bank, known as “MMM Nigeria Scheme”.
This was a resolution that the House of Representatives adopted after the debate on a motion sponsored by Representative Saheed Akinade-Fijabi on the need to check the MMM (Money Making Machine) Nigeria scheme which he says is capitalizing on the high level of poverty in Nigeria land.
The Nigeria lowwer House lawmakers also ran a check on the number of Nigerians participating in the MMM Nigeria scheme which has no legal backing, The House also added that every Nigerian Participating is vulnerable of losing their investment since there is no identifiable platform that guarantee the security of the invested funds.
This senators recalled that in the past, so many Nigerians had been victims of similar fraudulent schemes, all in the name of making fast money.
The joint committee handling the investigation of the MMM Nigeria Scheme has four weeks to report back to the House about its findings.