....afterall, even Nigeria itself is a Ponzi scheme!
Before you mock anybody for investing in MMM, think about this.........
" I invested all my Savings from NYSC in Savanah Bank, The Bank Packed up and left me with Nothing.
I bought 10,000 shares in Transcorp when Obasanjo and "Madam Stock Exchange" initially sold the fraud to Nigerians but up till today, no shares were allocated to me and my money was not refunded. I remember my then employer deducting money from my wages and paying into government owned Housing Fund and also into the National Pension Fund, the 2 bodies were dissolved and my money dissolved with it. My Father and millions of Nigerians also paid into the same funds for more than 30 years and nothing came out of it.
Some state governments are owing their workers up to 1 year wages, the Federal government and some parastatals are not different.
My father-in-law gave his life to NTA as a photojournalist travelling all over the country to cover events. Many years after his death, his widow is still waiting for NTA to pay his entitlements.
Remember how government came up with idea of community banks and encouraged Nigerians to patronise them. Do you remember Allied Bank, Lobi Bank, Abacus Bank, City Express Bank, Assurance Bank of Nigeria, Hallmark Bank Plc, Ivory Merchant Bank, Lead Merchant Bank, Metropolitan Bank, All States Trust Bank, Coop and Commerce Bank, Commerce Bank, Credite Bank, Pinnacle Commercial Bank, Kapital Merchant Bank, Ivory Merchant Bank, Prime Merchant Bank, Republic Bank, Eagle Bank Plc, Liberty Bank, Progress Bank, North South Bank, Pan African Bank...Remember pensioners who had their money in Societe Generalè. Dont forget the traders whose lives were destroyed by Gulf Bank, and many more too numerous to mention.
Should we blame these people for keeping their hard earned money in NDIC insured banks? Don't even ask me about NDIC please.
On a different scale, remember how many hours you spent at the polling booth to vote for Buhari, remember how we all campaigned vigorously to remove Jonathan and how many people you encouraged to vote for PMB. What has come out of it for us all ?
How about the money you worked hard for and contributed when your Churches/Mosques wanted to establish those private universities and now your children are excluded from the qualitative education they offer because you can not afford the tuition fees?
What do you think about the money you pay to NEPA or whatever it is called now every month regardless of whether they supply you electricity or not?
How are these different from MMM?
I agree that some people are into MMM because of greed but most of those who invested in MMM did so because they have been duped by some government-backed schemes in the past!
There is poverty in the land and people are looking for ways to survive. They knew the risk they were getting into and were all willing to take the risk. Afterall, living in Nigeria at all at this moment is a risk and working for the government is also a risk slightly lower than investing in MMM.
The truth is every Nigerian living in Nigeria is into one form of MMM or the other and I do not see any sense in mocking anybody for taking a risk, as long as it is with their own money, afterall, even Nigeria itself is a Ponzi scheme."
God bless Nigeria!

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All of life is a ponzi scheme
But one should take calculated not blind risk

The truth is every Nigerian living in Nigeria is into one form of MMM or the other and I do not see any sense in mocking anybody for taking a risk, as long as it is with their own money, afterall, even Nigeria itself is a Ponzi scheme."

Just my point.



When Nigerians watch any situation from the sideline and not affected by it, they feel they're smart. Ever wondered why late Keshi once said Nigeria is a country where everybody is a coach? Everyone is now a professional financial "adiviser " because of MMM.


If there's anything I'm tired of seeing on this forum , it's the issue of MMM and zahra buhari marriage. Seun seems to be obsessed with the former though.

Cromagnon:
All of life is a ponzi scheme
But one should take calculated not blind risk

The Savannah Bank and Societe General schemes, would you say they were calculated risks?

I was mocking MMM participants here on Nairaland until I read this. Every word of it seems true.

You only reminds me that A FOOL AT 40 IS A FOOL FOREVER.

You only reminds me that A FOOL AT 40 IS A FOOL FOREVER

Cromagnon:
All of life is a ponzi scheme
But one should take calculated not blind risk

If you bought a Vodka and discovered impurities, is that a calculated or blind risk?

Every facet of life is a risk.

My 1cent

sekundosekundo:
You only reminds me that A FOOL AT 40 IS A FOOL FOREVER

Pun intended.

blazer234:


The Savannah Bank and Societe General schemes, would you say they were calculated risks?

losers did not have any choice. Sheet happens. But to now carry your money there a second time with the same ppl in charge is foolishness of the highest order and they deserve to lose their money

Dexpro:


If you bought a Vodka and discovered impurities, is that a calculated or blind risk?

Every facet of life is a risk.

My 1cent

Depends
Is it your first time buying
Should Vodka have impurities
What do you know about Vodka
Do you have friends that know about Vodka
Did you bother to ask around
Does that brand have a reputation for impurities
Is it a one off
Do you research Aden's you spend money or spend blindly
Informed decision=calculated risk
Uninformed decision equals maga