‘Loom Money Nigeria’ another face of MMM, SEC warns greedy Nigerians
The Securities and Exchange Commission (SEC) Thursday raised fresh alarm warning the Nigerian public to distance themselves from yet another online fraud presented as investment scheme known as Loom Money Nigeria (LMN). The regulatory agency made it clear that there…
Over 3m Nigerians lost N18bn to MMM in 6 months—NDIC report
At last, figures have emerged on the real incurred by Nigerians from the once popular Ponzi scheme, Mavrodi Mundial Movement (MMM) as the Nigerian Deposit Insurance Corporation (NDIC) Thursday revealed that over three million Nigerians blew away N18bn in the…
Yuan Dong, another MMM styled ponzi scheme shut down, promoters arrested by SEC
The Securities and Exchange Commission (SEC) has nipped in the bud, another ponzi-styled scheme, Yuan Dong by sealing up the premises on grounds of non-registration and unacceptable investment activities in Nigeria. A statement issued by the Head, Corporate Communication of…
