The force public relations officer, Donald Awunah, told Punch that the police have no directive from the government to arrest MMM operators, noting that since the commencement of the scheme it has not received complaints from participants against the scheme.
Awunah explained that nobody had complained of being swindled by operators of the scheme, consequently it cannot go after promoters of the Ponzi scheme in Nigeria.
The police force public officer was quoted to have said that:
“We are not going after the operators because there is no complaint from anyone that he was swindled by them,
“No one has complained against them, so we have no reason to go after them. There is no directive from the government to arrest the operators or shut them down”.
However, the corporate communications manager of the Security Exchange Commission(SEC), Naif Abdulsalam has again advised Nigerians against patronizing the scheme, saying its activities were neither controlled by the commission nor the Central Bank of Nigeria.
He added the commission would continue to enlighten Nigerians and capital market investors on proper investment
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