MMM fraud: Woman arraigned in court for alleged MMM fraud


Alleged MMM fraud has landed a 44-year-old woman in court, as she was arraigned on Monday in a Karmo Grade 1 Area Court, Abuja.

Mavrodi Mondial Moneybox (MMM) is a popular mutual aid platform in Nigeria, where money is being given and taken (Provide help to get help). Also, the more you refer people to get involved under you, the more the reward you would get in return.

This has turned sour for this woman in question, as her zeal got her a standing before the judge.

The prosecutor told the court that one Sunday Enyi of Karmo village reported the matter at the Karmo Police Station on September 6, 2017.

She said the complainant alleged that on July 20, the defendant dubiously and deceitfully convinced him to invest N50,000 into an online banking called MMM.

The complainant said the defendant told him that the money would multiply in a month’s time, knowing that the MMM was no longer ongoing.

Avhioboh said the defendant allegedly collected the money and converted it to her personal use.

“When he went to collect his money as they agreed, she used her children to prevent him from seeing her.”

Avhioboh said during police investigation, the defendant claimed to have deposited the money into the complainant’s MMM account.

The prosecutor said the offences contravened sections 322 and 321 of the Penal Code.

The defendant denied committing the offences, while the judge, Abubakar Sadiq, granted her bail in the sum of N20,000 and a surety in like sum.

The case was then adjourned until October 3 for hearing.

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