The Securities and Exchange Commission has issued a fresh warning to Nigerians against participation in the MMM Nigeria financial scheme which it describes as a ponzi scheme.
The warning comes after the SEC issued an earlier warning to Nigerians regarding crypto currencies and investment in online related businesses.
SEC’s fresh warning to Nigerians against the financial lending scheme, MMM, comes after the scheme resumed operations after suspending activities for a period of one month.
The SEC however cautioned Nigerians to be mindful of such online financial schemes as they are not regulated by the commission or the Central Bank of Nigeria.
