SEE THE LETTER.....Access Bank warns its customers over MMM

hehe.....Access Bank of Nigeria has warned Nigerians not to deposit money in any institution that is not insured by the Deposit Insurance Corporation (NDIC).

The bank in a letter sent to its customers, cautioned that those involved in the controversial ponzi scheme, stand a risk of loosing all their money.

The letter further advised that the scheme is not in line with any applicable investment product and may ultimately lead to the loss of funds on the long run.

Read the full letter below:

MMM Federal Republic of Nigeria made a grand entrance into the Nigerian investment market in 2016. MMM stands for Mavrodi Mondial Moneybox and takes its name from its founders, Sergei Panteleevich Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova.
The scheme was established in 1989 by these three Russian nationals, and promises its clients 30 per cent return on investment (ROI) for money put into the system for 30 days. The scheme prides itself as a mutual aid fund through which recruited members contribute money to assist others

 Please be advised that this scheme is not in line with any applicable or known investment product and may ultimately lead to loss of funds in the long run,” the bank warned.
“We advise that customers avail themselves of genuine and approved investments and products in the Nigerian banking environment.”
Despite the warning by the Federal Government, thousands of Nigerians have continued to patronise the scheme with its website ranking as one of the five most visited in the country, ahead of Facebook.