The Central Bank Of Nigeria has warned Nigerians against participating in the MMM program also known as the ‘wonder bank’.
The Central Bank through the Head, Consumer Protection Department, Hajiya Kadija Kassim re-issued the warning during a mentoring programme organised for students of the Government Secondary School, Suleja, Niger State.
Warning Nigerians against the financial scheme tagged “MMM Federal Republic of Nigeria”, she said:
“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.”
She further added: “Desist from their activities because they are fraudulent.”