The popular Ponzi scheme Mavrodi Mundial Movement (MMM), indeed affected many Nigerians and the economy at large.
Alhaji Umaru Ibrahim, managing director of the Nigerian Deposit Insurance corporation, NDIC, revealed while speaking today, Thursday March 2, at the on -going 38th Kaduna International Trade Fair, that an estimated three million Nigerians lost N18billion to the Ponzi scheme.
It will be recalled that the NDIC, Central bank of Nigeria and other relevant Authorities had repeatedly condemned the activities of the scheme and warned Nigerians to desist from patronising MMM.
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