Access Bank of Nigeria has issued a warning letter to Nigerians involved in MMM Nigeria scheme not to deposit money in any business that is not insured by the Deposit Insurance Corporation (NDIC).

In a letter the bank is currently sending to its customers, Access Bank cautioned that those that are participating in the controversial "ponzi" scheme, MMM, adding that the customers who are involved in the MMM, stand a risk of loosing all their money.



Below is the sample of the letter Access Bank is sending to customers:

It has come to the attention of the Bank that some customers are engaged in the ponzi scheme called MMM. please be advised that this scheme is not in line with any applicable or known investment product and may ultimately leads to loss of funds on the long run.

We advise that customers avail themselves of genuine and approved investment product in the Nigeria banking environment
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