In a letter sent by Access bank to its customers, warning against those participating in the program “MMM”. The CBN has warned Nigerians not to deposit their money in an institution not approved by the Deposit Insurance Cooperation (NDIC).
The Access Bank of Nigeria has warned its customers to be careful of any deposit money institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC)
In the letter sent in by the bank sent to its customers, Access Bank cautioned that those involved in the controversial ponzi scheme, MMM stands a risk of loosing all their money.
See full letter below;
Here’s Access Bank Letter To MMM Participants
Dear Esteemed Customer,
It has come to the attention of the Bank that some customers are engaged in the Ponzi scheme called MMM’. 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 on the longrun.
We advise that customers avail themselves of genuine and approved investments products in the Nigerian banking environment.
Thank you for choosing Access Bank.
Access Bank Plc