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PressRoom
Guest
As those involved in the money-doubling scheme, MMM continue to lament over the cash freeze of invested savings till January 2017, a retrospect to the warnings issued revealed that only Access Bank Nigeria specifically warned its customers of the ponzi scheme. The cash freeze came exactly a week after the bank warned the customers.
On December 7, 2016, In a circular sent by Access bank to its customers, the bank cautioned that customers involved in the controversial ponzi scheme, stand a risk of losing all their money, as the institution is not insured by the Deposit Insurance Corporation (NDIC).
It read:
“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.”
“We advise that customers avail themselves of genuine and approved investments and products in the Nigerian banking environment.”
READ: Access Bank Directs Customers Not to Invest in MMM Nigeria
On December 7, 2016, In a circular sent by Access bank to its customers, the bank cautioned that customers involved in the controversial ponzi scheme, stand a risk of losing all their money, as the institution is not insured by the Deposit Insurance Corporation (NDIC).
It read:
“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.”
“We advise that customers avail themselves of genuine and approved investments and products in the Nigerian banking environment.”
READ: Access Bank Directs Customers Not to Invest in MMM Nigeria
