SAN FRANCISCO, December 13, (THEWILL) – Following the freezing of the accounts of participants of the Mavrodi Mondial Moneybox, popularly called MMM, the Economic and Financial Crimes Commission, EFCC, on Tuesday reminded subscribers that they were warned against investing in the money-doubling scheme.
Many Nigerians woke to the news that the ponzi scheme has frozen until the new year withdrawals from accounts due for payment. This created panic among investors, with some taking to social media to narrate their experiences and frustrations.
Apparently alarmed that their “investment” was lost, and despite shunning the government’s warnings, some users turned to the EFCC for answers… only to get mocked.
Tweeting via @Lolami_Boo, one Reet Petite questioned the role of the anti-graft agency, asking: “Where the hell was @officialEFCC ? Isn’t it your job to stop crap like this?”
Responding, the commission tweeted: “You mean amongst the plethora of venality we fight daily? Ponzi schemes aren’t sustainable. There were a number of warnings.”
“If it looks or sounds too good to be true, it almost always is. Do NOT patronize wonder banks. Protect yourself. #DontDoIt,” tweeted @officialEFCC.
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