Let us consider a system of two particles of equal mass with equal speed but in opposite directions on a straight line. The center of mass of the system will remain stationary. So the speed of the center of mass = 0. Hence linear pomentum of the CoM = MxV =0. But from the definition linear pomentum of the system = mv+mv = 2mv. Hence we can not state such principle.
(Since speed v is scaler, we consider only the magnitude).