NewStats: 3,262,635 , 8,177,743 topics. Date: Tuesday, 03 June 2025 at 06:24 AM 4b1t6v

Vice Chairman of the Senate Committee on Information and Communication Technology and Cybercrime, Senator Foster Ogola, on Thursday said the upper chamber of the National Assembly would probe deposit money banks used for transactions between Nigerians and a ponzi scheme, Mavrodi Mondial Movement.

Ogola, while speaking at an interactive session between the committee and key players in the financial sector, said an international expert on cyberspace and banking crimes was already in the country on the invitation by the committee to expose all those involved in how MMM defrauded Nigerians.

He said, “We need to secure our cyberspace and financial sector against all forms of crimes or frauds as seen with the MMM operators who came, in collaboration with insiders, and expressly entered into the banking system, duped and bolted out.

“We have to stop anything that will defraud us, and the first step now is to expose all the banks involved in the MMM fraud.

“As a chartered fraud examiner, when the scam called MMM ponzi scheme came with its 30 per cent interest in 30 days early last year, I told people then that it was a fraud but many refused to listen and some of them later learnt their lessons in bitter ways.”

The lawmaker also announced that the Senate would soon come up with a legislation that would make digital education compulsory in both primary and secondary schools.

Ogola explained that the interactive session was to gather the inputs of all the stakeholders to the amendments that would soon be carried out on the Cybercrime Act.

The Central Bank of Nigeria and the other banks at the session identified creation of a centralised database anchored on the National Identity Card scheme as the best way to prevent cybercrime in the country.


Source: http://anstalk.com/senate-hires-cyber-crime-expert-probes-banks-mmm/

Lalasticlala

Nonsense....

We need employment and access to credit at low interest.

Instead of wasting such amount of money on experts....just share among those who lost to MMM scheme.

waoh

"The lawmaker also announced that the Senate would soon come up with a legislation that would make digital education compulsory in both primary and secondary schools."

see them ... yeye thieves

I warned them but they didn't listen so why spend such money?

Keneking:
Nonsense....

We need employment and access to credit at low interest.

No mind them?

Lol..deir own money still lost..

why is my country like this

So Senators follow do MMM
Marvodi you bad gan, chai

Be like Una no get wetin to probe again ni

Probe them now...mtchew

MMM
how much will they pay this 'expert'?
capital flight loading v2.0

After how many months wey MMM break our people's heart + bank ?

Which MMM again?
you these people make una no bring the terrible memory again ooo

Early this year I wrote a letter to the presidency and senate making these very suggestion. Thank God it's being taken seriously now, MMM is a scam and anyone promoting them is a scammer with no right to an attorney.

PonziHater.

Obviously some folks are still living in the past

sgtponzihater1:
K

Na you fg suppose give that contract o

this year I even d fr mmm callow minded mee was duped n wrong....mmm is dead buried n ppl shldnt bring up dead things...useless clueless govt

Akuko

Hahaha...Senator of the FEDERAL REPUBLIC OF ZOO ....Jokers everywhere

when ever i hear the name MMM i remenber those running colabo with my vilage pple against my finantia well being.

Dividends of mmm

MMM AGAIN? Meanwhile i just go wetin my boss do me earlier on..

My boss arrived at work in a brand new Lamborghini.i said, "wow, thats an amazing car boss"! He replies, "if you work hard, put in all your efforts, put in more hours in your job here and strive for excellence, I will get another one this time next year"... i was like, Damnnnn... lmao

riyanxeally:
this year I even d fr mmm callow minded mee was duped n wrong....mmm is dead buried n ppl shldnt bring up dead things...useless clueless govt

So na our money u take buy this long shoe??

So mavrodi chop senators money too...
Medicine after death

Now, the tempo of all online biz (ponzi) has gone low, as many mouths are shut now because of the huge amount of money lost in the system

Keneking:
Nonsense....

We need employment and access to credit at low interest.

So you are jobless?

No wonder the chronic hatred for PMB

I don forget evritin abt mmm, dis ppl want make I begin dey tink again

Another way to waste our scarce resources,as if they care , make them go sidon one place jare

OK.. Una weldone