SEC Warns Nigerians MMM IS A FRAUD

The Securities and Exchange Commission (SEC) has warned Nigerians over the activities of an investment fund tagged ‘MMM Federal Republic of Nigeria’ declaring it to be fraudulent.

SEC in a statement on its website, described the facilitators as online fraudsters, who carry out their illegitimate business via:- Nigeria.mmm.net portal/platform,

and are promising investors a monthly investment return of 30 per cent.

SEC said the venture had no tangible business model as returns would be paid from other peoples’ invested funds making it a Ponzi scheme, a fraudulent investing scam promising high rates of return with little risk to investors that generates returns for older investors by acquiring new investors.

“The attention of SEC, Nigeria has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria ( nigeria.mmm.net ).
“The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid financial network’ with a monthly investment return of 30 per cent.

“The commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a Ponzi Scheme, where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.”
“SEC, therefore, advises the general public to distance themselves from the online scheme.
“Please note that anyone that subscribes to this illegal activity does so at their own risk.”
Source: https://thewhistler.ng/

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If Naija took this woman to Rio Olympics. We would have won gymnastics

        Flash images of a man butchered by his wife

                                               

 He was butchered by his wife for taking second wife. He's in Ijebu-Ode Gen Hospital now, the man whose image is above known as, Mr. Kehinde Etu , yesterday morning had a close shave with death after his jealous wife , Mrs, Oluwakemi Etu , hacked him down with a machete in his sleep.

It was learnt that Mrs. Eku and her husband had an argument over his alleged plans to marry a second wife According to The Nation , the woman had invited her husband over to spend the weekend at her residence in the Erinlu area of Ijebu -Ode , Ogun State.
Oblivious of the danger that laid ahead , the man was treated warmly during the visit and even got to make love with his wife.
But while he slept after the lovemaking , the woman attacked him savagely with a machete , inflicting several deep cuts on his chest , arms, shoulder and lower part of the head .
The Acting Police Public Relations Officer, Ogun State Police Command , Mr. Abimbola Oyeyemi , who confirmed the incident , said Mrs. Eku has been arrested by policemen from the Obalende Divisional Police Headquarters , Ijebu -Ode.

Mr. Oyeyemi , an Assistant Superintendent of Police, affirmed that the woman had a quarrel with her husband earlier that night before carrying out the surprise attack on him .
The injured husband is currently receiving treatment at the State General Hospital , Ijebu -Ode
 Please Pray for him.

Source: information Ng