EFCC reacts to MMM crash...

The Economic and Financial Crimes Commission (EFCC) says it warned Nigerians against investing in Mavrodi Mondial Moneybox (MMM). 

 On Tuesday, many woke to the news that the Ponzi scheme had frozen withdrawals until the new year.

This created panic among investors, with some taking to social media to narrate their experiences.

Tweeting via @Lolami_Boo, one Reet Petite questioned role of the anti-graft agency in sensitising Nigerians about the scheme.

“Where the hell was @officialEFCC ? Isn’t it your job to stop crap like this?” she tweeted.

Responding, the commission said: “You mean amongst the plethora of venality we fight daily? Ponzi schemes aren’t sustainable. There were a number of warnings.”