The declaration of the Central Bank of Nigeria (CBN) that Mavrodi Money (MMM) is a big scam has not gone down well with many Nigerians.
Indeed, the federal government and the apex bank have come under heavy fire for putting Nigerians in such a precarious position that a Ponzi scheme like MMM appears so attractive.
A cross-section of Nigerians who vented their anger on social media said the government should cover its face in shame for not being able to take care of its citizens.
Others feel that the risks CBN said the MMM posed, while real, was all right with them because they would rather put their money into a scheme that gives them return on investments than in banks where the money even goes missing for many reasons.
Chidinma Uba You want to stop MMM but you can’t stop our leaders looting our economy dry,you people just want to see poor masses suffer but since MMM is helping them you’re angry,go hang yourself MMM pays…the scam is government with scam change
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