MMM:PAEDIA EXPRESS PLACES INTERPOL ON RED ALERT

MMM:PAEDIA EXPRESS PLACES INTERPOL ON RED ALERT

BY ABDULMUMINI ADEKU

. International Anti-Corruption Academy (IACA) Dean and Executive Secretary Martin Kreutner (left) and INTERPOL Secretary General Jürgen Stock have signed an agreement which will see enhanced cooperation between the two Organizations in the global fight against corruptio

They call it MMM for short but at The News office Desk of Paedia Express Multimedia Group in Lagos,Nigeria ,we call it the Money Making Machine Affair.

It started like some funny tale but like a whirlwind it gathered some big storm and as at press time, many are still counting their losses.

Some say that they have been paid while others says that they have not been paid at all but investigations in the last one month over the affair showed that a lot of Nigerians committed a colossal amount of money into  the project which has now gone rogue or so it seems .

The News office Desk gathered of Nigerians that borrowed as much as N750,000,N650,000 from micro finance banks as against the advice of regulatory authorities like the Central Bank of Nigeria and the Security and Exchange Commission amongst others who had warned Nigerians of the dangers of doing a Ponzi Scheme.

It was also reliably learnt through several sources that they lost as much as N400,000 ,N1,000,000 and N2,000,0000 with some marketers at the AIICO insurance plc said to have used their company’s money to do the Ponzi racket.

MMM hardcore loyalists rained curses on the Nigerian press and the Federal government for having the effrontery to tell them that the scheme was a scam at a customer forum that was believed to have been held at the Lagos Sheraton Hotel in Ikeja  before the bubble busted.

A source blamed the entire MMM  affair to a very ignorant  and illiterate educated Nigerian elite who could not read in between the lines that there was no way the scheme could be sustained over the long hog as there was nothing supporting it unlike network marketing in which there was always a product in place for the consumer as substitute.

In a related issue,yet another source had disclosed how somebody she gave her MMM account to use for a transaction actually cheated her only for God to vindicate her via the recent account freeze.

She vowed that since it was her account that the dupe used in conjunction with one of her siblings she was working around the clock at making sure that she got her entire cash in the deal up to the last dime.

As at press time because of the believe that innocent Nigerians may have lost huge sums of money due to the incident which is still causing ripples ,Paedia Express sent a mail to Interpol in Washington,United states of America for a possible arrest warrant and extradition of the faces behind the Money Making Machine for trial in Nigeria as something is still not right.

Paedia Express speaks:”we have reasons to believe that a dangerous Ponzi scheme is going on in Nigeria under the name :MMM and a lot of Nigerians may have lost their money through this means. we will appreciate it very much if the following individuals are investigated with a warrant of arrest issued out to them so that they be arrested to face the full wrath of the laws in Nigeria.” The ability to coordinate global action is vital for the world’s police and judicial systems. INTERPOL’s initiatives include:

• International asset recovery: The Global Focal Point Network for Asset Recovery assists law enforcement bodies in returning stolen public funds to victim countries. Accessible via INTERPOL’s secure global police communications network (I-24/7), the platform allows authorized users to exchange information and better coordinate their investigations. Among the tools on offer is SECOM, a secure web-based email capability.
• Operational support: We can coordinate working meetings between member countries in order to facilitate investigations that cover more than one jurisdiction.
• Training: Success in international asset recovery depends on sound and credible investigation. INTERPOL offers regional training workshops to investigators and prosecutors, focusing on evidence, through the INTERPOL Global Programme on Anti-Corruption, Financial Crimes and Asset Recovery .