EFCC Reacts to MMM Nigeria Cash Freeze

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The Economic and Financial Crimes Commission, EFCC, Tuesday reacted to ‘frozen’ accounts and alleged crash of the Mavrodi Mondial Moneybox, otherwise known as ‘MMM’

In a response to a Twitter user, @Lolami_Boo, who called out the EFCC, asking other MMM users to hold the agency responsible for the alleged crash of the MMM.

The user wrote: “Where the hell was EFCC? Isn’t it your job to stop crap like this?”

But in a swift response, the EFCC on its official handle @ officialEFCC said, “You mean amongst the plethora of venality we fight daily, Ponzi schemes aren’t sustainable?

“There were a number of warning.”

Panic and probable loss of confidence on MMM Nigeria by members of the Ponzi scheme is griping million of Nigerians over a freeze on all money in the system.

The shocker came early Tuesday morning as a the system placed suspension of members’ cash till next year.

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