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Central Bank of Nigeria (CBN) Warns Nigerians.

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Posted by Eaz :- 16/09/2016 The Central Bank of Nigeria (CBN) has warned Nigerians to be careful of any deposit money institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC) especially the trending MMM Nigeria community.The bank through its the acting Director of Corporate Communications, Mr. Isaac Okoroafor, made this known yesterday against the proliferation of wonder banks in the countryin recent times.Okoroafor said such deposit money institutionswere dubious present Ponzi schemes.“At times like this when the economy has suffered some decline, Nigerians should be very careful with those they deal with. Any institution that is not licensed by the CBN to accept deposits should not be given money to keep under any guise,” he advised.He warned Nigerians to beware of the so-calledwonder banks, explaining that they were makeshift institutions to dupe people.“We can vouch for the banking system. The deposit money banks are the only licensed in...
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Why Facebook founder, Zuckerberg arrived Nigeria. Read for full reason

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LAGOS—Facebook Founder, Mark Zuckerberg, yesterday, arrived Nigeria unannounced. The 32-year-old tech enterpreneur surprisingly made a sudden visit and inspection of activities at the Co-Creation Hub, Yaba Lagos. Facebook Founder, Mark Zuckerberg with Nigerian tech entrepreneurs His arrival to Nigeria is not unconnected to the ‘Facebook for developers’ workshop’ for Nigerian engineers, product managers and partners holding today in Lagos. The event is expected to help the engineers build better applications and monetise them more effectively. Before his arrival, it was earlier announced that the company’s Director of Global product Partnerships, Nigeria’s Ime Archibong was to lead speakers to the event where Facebook would unveil a ten-year roadmap that can help improve Nigeria’s economy Facebook is an online social networking service based in Menlo Park, California, United States, which Zuckerberg and his fellow Harvard College students an...
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BREAKING NEWS

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Post by EAZ :- 10/11/2016 We Cannot Go After MMM Promoters. EFCC Tells National Assembly There are indications that EFCC may not be able to go after MMM promoters as they see them as people going about their own personal and private business which is not illegal. According to report from a source in EFCC, MMM is not an unlawful business as such we cannot go after the promoters of MMM. Our questions to the National Assembly is ” What are we going to charge the promoters of MMM for? What law have they violated? What money has the system stolen?. All these and many more are questions that we need to consider before taking any actions. MMM does not have any office in the country where we can go and ask for details about their activities. So our hands are tight. The source also went further to state that people who participate in MMM are doing so at their own risk. As such they would have themselves to blame for any negative outcome. It is not for us to tell them what to...
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