Access Bank Writes Its Customers Over MMM Nigeria

Nigerians have been warned by the Access Bank of Nigeria not to deposit money in any institution that is not insured by the Deposit Insurance Corporation (NDIC).

The Access Bank of Nigeria has warned its customers to be careful of any deposit money institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC)

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

Read the full letter below:


Dear Esteemed Customer,

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 lead to lost of funds on the long run.

We advise that customers avail themselves of genuine and approved investment products in Nigeria Banking environment.

Thank you for choosing Access Bank.

Yours Faithfully,
Access Bank Plc