Seun The rate at which MMM member use this platform to promote there scheme Is alarming,.. Nairaland is home to most Nigerians.. Please try making policy to checkmate These scammers.
dmostcheerful: Come on! Give me a break! The truth is conventional financial institutions have grossly failed us in Nigeria and the regulatory bodies have merely given them a slap on the wrist.
When the Stock market crashed and investors lost their hard earned resources what came of it? Was any one involved in the Stock market scam prosecuted? When banks went under due to Board/Management unwholesome practises what punitive measures did CBN et all take? Innocent bank customers lost huge sums of money without remedy
CBN is the MMM scam more important than the swindling economy?? . Why can't cbn be able to balance or bring policies that can be benefitted by the citizens of Nigeria rather than hating on the founder of MMM and his scheme? . I guess MMM is owned by a PDP person, reasons why this element of APC is trying to bring down the scheme. . . . Money CBN cannot provide! Starvation is in the country! No employment! Dollar is still climbing up! ...and cbn is not doing anything oo, Na mmm wey no even concern dem, naim dem carry e matter for head like gala. . Only God knows how many threat they may av sent to mmm before coming publicly to discourage people from engaging in it.
MMMs are another Ponzi Scheme in the making. Soon Nigerians will come here to cry, others will commit suicide while few will run mad and rest will turn to beggars.
naira0: CBN got it all wrong when they tagged MMM a deposit money bank. For the newbies, there is no central account system in MMM. In fact, MMM runs an open system where you are able to call and interact with whom you are about paying before you proceed with payment.
For my first payment of 500k four months ago, one of the participants whom I paid was even my friend in the neighborhood. This scheme is so real and amazing.
CBN are only acting to protect their interest since people are now less enchanted to deposit monies with banks only to get a paltry sum as interest or even nothing in return.
This is only a follow-up to the campaign of calumny previously launched by the Nigeria Security and Exchange Commission. I can tell you right now for free that the cabals in Nigeria are at it to frustrate the one thing that is putting smiles to the faces of Nigerians in these hard times of recession. You must not let them succeed. MMM is the real deal.
However, you MUST invest in MMM with the limits of caution.
In fact, may I use this moment to lend my voice on the MMM project
For starters, here are a few things you need to know concerning MMM
MMM is a mutual network, where people provide money (Help) directly to each other in automatic private offices via the internet, with a growing Help Index called Mavro.
The power/reward of giving lets you receive 30% growth rate monthly on the amount you donated to a participant in the community.
MMM is 5 years plus globally and has over 240 million participants in 118 countries. This basically makes us the largest financial donation exchange platform in the world.
HOW IT WORKS
Let's say you provide help of 100k today. At the end of the month you are entitled to earn your 100k + your 30% interest + your Bonus money ($20), which makes it N136,000 collectable at the end of the month.
In MMM there is no such thing as a Central Account where people lodge monies into. All transactions are done peer to peer between members directly via their bank accounts.
MMM Nigeria was launched last year November and currently we are over 24,000+ members.
The IDEOLOGY behind MMM is to make the exchange of money fairer and balanced between people and also to create a world of financial freedom where people can freely assist each other to carry out projects or meet their needs without having to rely on financial institutions who in turn demand humongous and bizarre interest rates.
The aim and mission statement here is "Financial Apocalypse", why? because the world's financial system is built and structured to favour the fortunate and select few.
In MMM it is not mandatory to bring people on board (referrals) before you can earn! However, when you do, you will be rewarded with a 10% referral bonus on the First deposit of your referrals Provided as Help.
The question is where does the 30% interest come from since MMM does not collect our monies?
Good, the 30% interest comes from us the participants.
How? Through regular activity of Providing Help (PH) and Getting Help (GH) and the added inflow of new members.
So why does MMM have to rely on this? Well, as we all know, no business on earth can sell off an empty shelf, so the way a business relies on sales to pay off expenses, wage bills, etc; that is the same way the PH + GH activities are so vital and quintessential to MMM as a community. They are the oil that lubricates the mechanism (MMM). Additionally, because the business is internet-facilitated, the resultant internet traffic so generated is enough to make Mr Mavro remain in business. (You can ask Linda Ikeji and Mark Zuckerberg about the power of internet traffic- Google pays a lot of bucks for this traffic)
Funny enough this is how financial institutions (banks) operate but their's is Centralized, while here in MMM, it is Decentralized simply for the participants to enjoy.
The best and only thing I can say is MMM has helped my life. I have gained massively from it, and I'm very much ready to help others see an extra source that will suppress their financial struggles.
There are "doubting thomases" who doubt and rationalize. They may do well to continue in their baseless arguments, while the smart ones are smiling to the bank.
Mavro is not paying a dime from his pocket. It is normal human beings like you and I that pay each other.
If you invest today, you must withdraw exactly 30 days later. Should leave refuse to withdraw i.e Get Help, it will NOT earn you any interest. This is contrary to rumours being bandied about that you can abandon your money on the platform and continue reap your 30% profit. This is plain fallacy! To make profit, you must PROVIDE HELP, and after 30 days, you are qualified to withdraw your principal investment including your 30% accumulated profit. This cycle will continue on and on. So the scheme cannot possibly collapse. At least not in the near-foreseeable time.
I was thought that knowledge is power but in my years of business and experience in the financial principles governing life, I can say that knowledge is Money.
Information is relevant in creating wealth.
Even the good book says, 'My people perish for lack of knowledge'
Are you getting the right information?
The time to act is NOW! HURRY up while it is still hot.
For the faint hearted and those who require financial management guide, I will personally mentor you and advice you while you go about this project. I have a formula for these set of people.
As for the brave hearted like me, who are ready to invest BIG, you equally need tact and guidance to not only break even, but make it BIG within the ambits of caution.
I am readily available for more of your enquiries and to assist you do your investment.
It may interest you to know that for any one genuine product, there are multiplicities of it's fake counterpart.
Yes, you have to WATCH IT, as fake MMM sites are already springing up.
Visit: www. for more gist and contact me for your registration formalities on: 08170158187 (Hero)
Peace Profound!
But where does the toxicity of the businesses that fail on this system go to?
abegi! when una dey crumble our economy with embezzlement and corruption, una no know this one. Nigerians are wiser now and everyone knows that one day it may crash. People die everyday with their billions in the bank being inherited by people who are not worth it. You are telling me nonsense. Life itself is full of risks.
I know its gonna crash one day, and i tell the people i refer to 'enjoy while it last'
Boleyndynasty2: One thing i still don't understand about this MMM is how they make the 30% they give everyone. Cause even people who ask for help don't pay back with interest so how do they make profit and also get 30% to pay everyone?
not sure sha... But i believe they trade (stocks) with the money they get from people...
naira0: CBN got it all wrong when they tagged MMM a deposit money bank. For the newbies, there is no central account system in MMM. In fact, MMM runs an open system where you are able to call and interact with whom you are about paying before you proceed with payment.
For my first payment of 500k four months ago, one of the participants whom I paid was even my friend in the neighborhood. This scheme is so real and amazing.
CBN are only acting to protect their interest since people are now less enchanted to deposit monies with banks only to get a paltry sum as interest or even nothing in return.
This is only a follow-up to the campaign of calumny previously launched by the Nigeria Security and Exchange Commission. I can tell you right now for free that the cabals in Nigeria are at it to frustrate the one thing that is putting smiles to the faces of Nigerians in these hard times of recession. You must not let them succeed. MMM is the real deal.
However, you MUST invest in MMM with the limits of caution.
In fact, may I use this moment to lend my voice on the MMM project
For starters, here are a few things you need to know concerning MMM
MMM is a mutual network, where people provide money (Help) directly to each other in automatic private offices via the internet, with a growing Help Index called Mavro.
The power/reward of giving lets you receive 30% growth rate monthly on the amount you donated to a participant in the community.
MMM is 5 years plus globally and has over 240 million participants in 118 countries. This basically makes us the largest financial donation exchange platform in the world.
HOW IT WORKS
Let's say you provide help of 100k today. At the end of the month you are entitled to earn your 100k + your 30% interest + your Bonus money ($20), which makes it N136,000 collectable at the end of the month.
In MMM there is no such thing as a Central Account where people lodge monies into. All transactions are done peer to peer between members directly via their bank accounts.
MMM Nigeria was launched last year November and currently we are over 24,000+ members.
The IDEOLOGY behind MMM is to make the exchange of money fairer and balanced between people and also to create a world of financial freedom where people can freely assist each other to carry out projects or meet their needs without having to rely on financial institutions who in turn demand humongous and bizarre interest rates.
The aim and mission statement here is "Financial Apocalypse", why? because the world's financial system is built and structured to favour the fortunate and select few.
In MMM it is not mandatory to bring people on board (referrals) before you can earn! However, when you do, you will be rewarded with a 10% referral bonus on the First deposit of your referrals Provided as Help.
The question is where does the 30% interest come from since MMM does not collect our monies?
Good, the 30% interest comes from us the participants.
How? Through regular activity of Providing Help (PH) and Getting Help (GH) and the added inflow of new members.
So why does MMM have to rely on this? Well, as we all know, no business on earth can sell off an empty shelf, so the way a business relies on sales to pay off expenses, wage bills, etc; that is the same way the PH + GH activities are so vital and quintessential to MMM as a community. They are the oil that lubricates the mechanism (MMM). Additionally, because the business is internet-facilitated, the resultant internet traffic so generated is enough to make Mr Mavro remain in business. (You can ask Linda Ikeji and Mark Zuckerberg about the power of internet traffic- Google pays a lot of bucks for this traffic)
Funny enough this is how financial institutions (banks) operate but their's is Centralized, while here in MMM, it is Decentralized simply for the participants to enjoy.
The best and only thing I can say is MMM has helped my life. I have gained massively from it, and I'm very much ready to help others see an extra source that will suppress their financial struggles.
There are "doubting thomases" who doubt and rationalize. They may do well to continue in their baseless arguments, while the smart ones are smiling to the bank.
Mavro is not paying a dime from his pocket. It is normal human beings like you and I that pay each other.
If you invest today, you must withdraw exactly 30 days later. Should leave refuse to withdraw i.e Get Help, it will NOT earn you any interest. This is contrary to rumours being bandied about that you can abandon your money on the platform and continue reap your 30% profit. This is plain fallacy! To make profit, you must PROVIDE HELP, and after 30 days, you are qualified to withdraw your principal investment including your 30% accumulated profit. This cycle will continue on and on. So the scheme cannot possibly collapse. At least not in the near-foreseeable time.
I was thought that knowledge is power but in my years of business and experience in the financial principles governing life, I can say that knowledge is Money.
Information is relevant in creating wealth.
Even the good book says, 'My people perish for lack of knowledge'
Are you getting the right information?
The time to act is NOW! HURRY up while it is still hot.
For the faint hearted and those who require financial management guide, I will personally mentor you and advice you while you go about this project. I have a formula for these set of people.
As for the brave hearted like me, who are ready to invest BIG, you equally need tact and guidance to not only break even, but make it BIG within the ambits of caution.
I am readily available for more of your enquiries and to assist you do your investment.
It may interest you to know that for any one genuine product, there are multiplicities of it's fake counterpart.
Yes, you have to WATCH IT, as fake MMM sites are already springing up.
Visit: www. for more gist and contact me for your registration formalities on: 08170158187 (Hero)
Peace Profound!
summary: you use Peter to rob Paul, CBN knows better
Basildvalour: No one is sure of the MMM outcome but what l believe is that the scheme has an end and when it ends, pray that it is not your money that is left in there
I am sure of the outcome. Only the few people that joined early would benefit (if not greedy to re-invest in the scheme) and the multitudes that joined later would lose out, because it is a scam.
Watch this Video to really Know what MMM is all about. Discard the deceit and lies that SEC, CBN and all these oppressors that will rather you remain under financial constraint spill. This warning is definitely not talking about MMM so I wonder why they put MMM there. If they are, then it's such a shame that they can release such a report based on an incredibly high level of ignorance of how the system even works. None of the well over 600 thousand members of MMM has ever deposited N1 to MMM, MMM doesn't collect your money.
Where has CBN been when MMM has been changing lives. Where have they been when MMM has been spending millions in charity? Yeye people
Its important you all understand this concept so much that you can easily explain it to others.
Let's look at it from this practical point of view,99% of us here have bank account. Right? Good.
We put our money in the bank because we Trust its safe there What do u think is the % of people who put their money in Banks?
Do you know How many % of people in Nigeria has an account with First Bank?
Yes you guess right!
Let's say 70% of Nigerians.
That's about more than 50million Nigerians. And Among these people are
The Poor Middle class and Business men Companies
Among this set of people are those who deposit their money in bank at different intervals and different amount.
Right?
And they withdraw at different intervals and different amount.
That means If you deposit 200k Another person deposit 1million,Another deposit 2k,Another deposit 500k,Wenever you are withdrawing your 200k, Someone's elsewhere is depositing a huge amounts. To supplement ur 200k withdrawal. And this circle continued on and on. And becos of the population of people using the bank and different set of cash and different time of deposit and withdrawal
There is 100% chances that you must get your money withdrawn whenever you need it.
Anytime u go to bank to withdraw money That's the principle MMM is also using Its called Crowd Funding,The power of crowd funding, Banks And all financial institutions use the principle,That's is why the owner of this Banks are filty rich.
Where do you Think Bank Gets money they loan out ( Yes our Money) You evidently give bank your money when you and all those who have account with the bank Crowd Fund(Deposition Remember I want to make this more practical.
Look at this illustration, illustration U have 1million naira,U went to the bank And put it in a fixed deposit account With interest of 12% per year. U are happy As u leave the bank
The business man comes And request to use ur 1million for biz Same bank charge him 35% He agreed Went to do biz wt ur money And make profit
Pays d bank Ur 1million +35% At d end of d year U came and collect 12% Who is the fool among the 3?.
And who is the king?
They all get paid But one of them is the king. The Bank The B A N K.
Now the bank collects our money. And loan it out To bizness men And make lots of money to pay d staff And enrich his life What happen to u d depositor.U get Nothing Not even 1% of ur deposit.
Now MMM says No.Because of this unfair financial system.Sergie Mavrodi,Thought it necessary to look at d financial system and realized that, Banks survive because of the continues deposit and withdrawal of cash,At different intervals And because of the population of people who have an account wt d bank. Sergey Mavrodi decided that even bank with that principle can even give us 50% of our money monthly but they won't do it
. The principle of crowding funding enable the bank to even give us more interest on our money monthly and nothing will happen.But because of the unfair financial system in place dey will never do it.
He realized that if we can come together. Like those population with bank account example I gave earlier .If We can copy the same principle bank and financial institutions use to flouish We can do a lot .
All it takes is just the Redistribution of cash flows. And the IDeology in MMM.
The system provides that redistribution.And with a great community with same goal and mindset it can be achieved.
Are u guys getting where am heading to?.
because people deposit at different times Banks lives on
.because people PH in MMM different times. MMM lives on
because people wifhdraw in bank different times. Banks Lives on
.because people GH in MMM different times. MMM lives on
Because of the influx of PH and GH regular PH and GH there will always be 30% to Pay to everyone .
Because of Regular Deposit and Withdrawal at different times and different amount there must always be money to withdraw in banks.
What if everyone match to bank and withdraw their money same time same day what do u think will happen?
Bank will collapse Same thing in MMM
If every one GH at the same time MMM won't stand for long.
So its our responsibility to keep this community strong thru regular PH and GH. The same principle Holds Bank and other financial bodies
*****************
How does it Work
You know about the popular word 'Contribution' where people contribute money to one person and there's a book where everyone's name is written. When it gets to your turn; everybody's money is given to you....
In MMM, we make pledges to donate our SPARE money to members who need the money. We do so by logging into our MMM account (Personal office) to make the pledge. We join the queue of people who made pledges after making the pledge. We ONLY make pledges. We don't gather our pledges to give to one person. In MMM there is no CENTRAL ACCOUNT (No bank account where all our pledges are paid into). Members transfer money directly to each other.
Now, if a member in the community who has already made a pledge to provide financial help to another member and has fulfilled his pledge now needs help, he does that by logging into his MMM account (Personal Office) to say so. The system, connects him with the person in the queue for providing help. If it's your turn on the queue to provide help; when you log into your Personal Office, you will receive the details of the person to provide financial help to.
As soon as you pay the money directly into the person's bank account who needs that financial help and that person acknowledges he has received the money, you are now qualified to receive help.
You then log into your personal office to ask for financial help. Someone/people in the queue who's turn it is to provide help will be assigned to pay you 30% of the donation you provided + the donation money itself. Where does 30% come from?
There is no interest rate in MMM. In MMM after you donated money, you can be rewarded with mavro. It is an index of your tributue to the development of the Community. This index grows 30% a month. It is just a technical issue. Programmers can adjust this growth rate of mavro at any moment. The amount of mavro and its growth rate can be decreased, increased, stopped, cancelled. The amount of mavro and its growth rate can be adjusted at any moment to balance PH (Providing Help) and GH (Getting Help). That's why MMM can't collapse due to weak inflow of donations. If the inflow of donations will decrease, the amount of mavro will be adjusted, but the main important that the process of donation exchange will not stop. It makes MMM stronger than the financial organizations. Financial organizations have obligations, if they do not meet them, they will go bankrupt. MMM is very flexible. No matter what will happen, people will provide and get help.
Yes. I have made over a million in less than 5 months. Sorry I would pitch my tent with MMM. When MMM threads were opened to advise people on how to invest, they were blocked. Now a thread against MMM makes it to the front page. I think there should be balanced in the discretion of the mods
tayooluwole: CBN should go and sit down, they are just condemining the scheme in the open, whereas they themselfs are doing it in the secret... To hell with CBN
Pierocash: it ruite unfortunate that CBN has joined d team of ignorant wailers attacking MMM without finding out how it works.how wil MMM RUN wit peoples money,is MMM a bank?do they av access to anybody's money that they wil run away wit?.no body pays to MMM,It is only a platform connecting participant who donate to each other directly thru individual bank accounts.they should stop attacking MMM,no participant har ever lost a dime to MMM over d yrs Long live MMM
you are wrong, MMM system will send their account numbers to a large number of members to pay huge sums then shut down and withdraw the money from that account.
just pray you are not among the last batch that will suffer this.
I am sure of the outcome. Only the few people that joined early would benefit (if not greedy to re-invest in the scheme) and the multitudes that joined later would lose out, because it is a scam.
God bless you my brother for taking your time to do this insightful analysis. I was introduced to MMM 2 months ago but since I don't have anyone to give me orientation but my friends took the risk with 50K and I was like the gamble is too much now the guy is smiling to the bank while I have spent all I'm having on food. So painful
naira0: CBN got it all wrong when they tagged MMM a deposit money bank. For the newbies, there is no central account system in MMM. In fact, MMM runs an open system where you are able to call and interact with whom you are about paying before you proceed with payment.
For my first payment of 500k four months ago, one of the participants whom I paid was even my friend in the neighborhood. This scheme is so real and amazing.
CBN are only acting to protect their interest since people are now less enchanted to deposit monies with banks only to get a paltry sum as interest or even nothing in return.
This is only a follow-up to the campaign of calumny previously launched by the Nigeria Security and Exchange Commission. I can tell you right now for free that the cabals in Nigeria are at it to frustrate the one thing that is putting smiles to the faces of Nigerians in these hard times of recession. You must not let them succeed. MMM is the real deal.
However, you MUST invest in MMM with the limits of caution.
In fact, may I use this moment to lend my voice on the MMM project
For starters, here are a few things you need to know concerning MMM
MMM is a mutual network, where people provide money (Help) directly to each other in automatic private offices via the internet, with a growing Help Index called Mavro.
The power/reward of giving lets you receive 30% growth rate monthly on the amount you donated to a participant in the community.
MMM is 5 years plus globally and has over 240 million participants in 118 countries. This basically makes us the largest financial donation exchange platform in the world.
HOW IT WORKS
Let's say you provide help of 100k today. At the end of the month you are entitled to earn your 100k + your 30% interest + your Bonus money ($20), which makes it N136,000 collectable at the end of the month.
In MMM there is no such thing as a Central Account where people lodge monies into. All transactions are done peer to peer between members directly via their bank accounts.
MMM Nigeria was launched last year November and currently we are over 24,000+ members.
The IDEOLOGY behind MMM is to make the exchange of money fairer and balanced between people and also to create a world of financial freedom where people can freely assist each other to carry out projects or meet their needs without having to rely on financial institutions who in turn demand humongous and bizarre interest rates.
The aim and mission statement here is "Financial Apocalypse", why? because the world's financial system is built and structured to favour the fortunate and select few.
In MMM it is not mandatory to bring people on board (referrals) before you can earn! However, when you do, you will be rewarded with a 10% referral bonus on the First deposit of your referrals Provided as Help.
The question is where does the 30% interest come from since MMM does not collect our monies?
Good, the 30% interest comes from us the participants.
How? Through regular activity of Providing Help (PH) and Getting Help (GH) and the added inflow of new members.
So why does MMM have to rely on this? Well, as we all know, no business on earth can sell off an empty shelf, so the way a business relies on sales to pay off expenses, wage bills, etc; that is the same way the PH + GH activities are so vital and quintessential to MMM as a community. They are the oil that lubricates the mechanism (MMM). Additionally, because the business is internet-facilitated, the resultant internet traffic so generated is enough to make Mr Mavro remain in business. (You can ask Linda Ikeji and Mark Zuckerberg about the power of internet traffic- Google pays a lot of bucks for this traffic)
Funny enough this is how financial institutions (banks) operate but their's is Centralized, while here in MMM, it is Decentralized simply for the participants to enjoy.
The best and only thing I can say is MMM has helped my life. I have gained massively from it, and I'm very much ready to help others see an extra source that will suppress their financial struggles.
There are "doubting thomases" who doubt and rationalize. They may do well to continue in their baseless arguments, while the smart ones are smiling to the bank.
Mavro is not paying a dime from his pocket. It is normal human beings like you and I that pay each other.
If you invest today, you must withdraw exactly 30 days later. Should leave refuse to withdraw i.e Get Help, it will NOT earn you any interest. This is contrary to rumours being bandied about that you can abandon your money on the platform and continue reap your 30% profit. This is plain fallacy! To make profit, you must PROVIDE HELP, and after 30 days, you are qualified to withdraw your principal investment including your 30% accumulated profit. This cycle will continue on and on. So the scheme cannot possibly collapse. At least not in the near-foreseeable time.
I was thought that knowledge is power but in my years of business and experience in the financial principles governing life, I can say that knowledge is Money.
Information is relevant in creating wealth.
Even the good book says, 'My people perish for lack of knowledge'
Are you getting the right information?
The time to act is NOW! HURRY up while it is still hot.
For the faint hearted and those who require financial management guide, I will personally mentor you and advice you while you go about this project. I have a formula for these set of people.
As for the brave hearted like me, who are ready to invest BIG, you equally need tact and guidance to not only break even, but make it BIG within the ambits of caution.
I am readily available for more of your enquiries and to assist you do your investment.
It may interest you to know that for any one genuine product, there are multiplicities of it's fake counterpart.
Yes, you have to WATCH IT, as fake MMM sites are already springing up.
Visit: www. for more gist and contact me for your registration formalities on: 08170158187 (Hero)
