Ibraheem
Musa Usman who is a member of Mavrodi Mondial Moneybox in Kano has
vented his anger on the House of Representatives for directing the EFCC
to arrest promoters of the investment scheme.
Ibraheem Musa Usman
Following the decision of the House of Representatives to direct and issue warning to the Central Bank of Nigeria and the Economic and Financial Crimes
Commission to immediately arrest promoters of Mavrodi Mondial Moneybox,
otherwise known as ‘MMM’ in Nigeria, a member of the group has come out
to defend it.
Ibraheem Musa Usman from Kano made a video to defend the investment
scheme and blasted the House of Representatives for trying to tarnish
the image of the promoters and the business scheme. He urged the House
of Representatives to set their priorities straight instead of
poke-nosing into affairs that doesn't concern them.
It has been argued that the scheme is something encouraging as it
delivers for most Nigerians who have been bashed by the harsh economic
recession. Many people have called for a more friendly negotiation
between the promoters and the CBN whereby the scheme can be registered
and an office created for any avoidance of doubt.
Usman called on CBN and the House of Representatives to desist from
tarnishing the image of the scheme as many Nigerians have now been made
to believe that the business scheme is scam.
It would be recalled that the House of Representatives on
Wednesday, ordered the Economic and Financial Crimes Commission (EFCC)
and the Central Bank of Nigeria (CBN) to immediately go after the
promoters.
It specifically asked the EFCC to arrest MMM promoters and
prosecute them. Most of the lawmakers who added to the discussion
opposed the investment scheme and labeled it scam.
MMM gained popularity recently in Nigeria following the current
economic recession in the country. MMM Global has swept across Africa,
with branches promising returns on investment of 30 per cent a month in
South Africa, Zimbabwe, Nigeria and some east African states.
It is masterminded by the former Russian politician Sergey Mavrodi,
who went on the run when the original MMM – standing for Mavrodi
Mondial Moneybox – collapsed in the late 1990s, losing investors an
estimated $100m.
The lawmakers warned Nigerians to be careful as this is yet another
trick investment fraudsters use to attract people before vanishing with
their money. The House directed the EFCC, security agencies and the CBN
to take urgent steps to halt the scheme before many Nigerians would
become victims of the scam.
Watch video below:
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