In a letter sent to its customers,the bank cautioned that those involved in the controversial ponzi scheme, stand a risk of loosing all their money.
The letter further advised that the scheme is not in line with any applicable investment product and may ultimately lead to the loss of funds on the long run.
MMM Nigeria made a grand entrance into the Nigerian investment market in 2015. MMM stands for Mavrodi Mondial Moneybox and takes its name from its founders, Sergei Panteleevich Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova.
