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Nairaland Forum / Nairaland / General / Investment / CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank (82111 Views)
11 Reverend Fathers Defrauded Of N42 Million In Edo By 2 Men Via Wonder Bank / "Stop Investing In MMM" - CBN Warns Nigerians Again / SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud (2) (3) (4)
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Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by unite4real: 9:37am On Sep 16, 2016 |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by djblue007(m): 9:38am On Sep 16, 2016 |
Valendo:It's obvious you are one of the corrupt leaders or one of their heirs. Even babies can even feel the recession in the land. I can't stop to be amazed for a learned person to open his mouth and say there is currently no recession in the land......... Just search this forum well I have posted how the 30% is generated through crowd funding. Mind you we are not profit driven. We work to make people have a fair financial world. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 9:39am On Sep 16, 2016 |
mayoor15:HW HAS D FINANCIAL INSTITUTION IMPROVED D LIFE OF D COMMON MAN OVER D YRS?THEY ARE D BIGGEST SCAM OF D CENTURY THEY CRUCIFY MMM YET THEY PLAY AND PROMOTE NAIRABET THAT HAS MADE MANY TO COMMIT SUCIDE YEYE MOFOS 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by globalresource: 9:44am On Sep 16, 2016 |
CBN is a SCAM |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by djblue007(m): 9:44am On Sep 16, 2016 |
djblue007: 2 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 9:46am On Sep 16, 2016 |
Pierocash:same way MMM will force people to in the nearest future....Common man you claim, had jobs dey do...ppl DT own d jobs borrow money to finance der business thus able to employ and pay salary.....Farmers get loan if you have collateral though..you are able to produce, sell and even export,...these were things that maintained the economy....many ppl think in the line that banks are cheating us, this may be true, but to me, its better than a scheme that keeps destroying the economy silently and there are no guarantees of its standing the test of time.....People claim it has been in Nigeria since 2011...but it 100% of people I know doing it started this year....How will something be in a country like Nigeria for over 4 years without people knowing it early enough.... |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Goodgate111(f): 9:47am On Sep 16, 2016 |
cooldudeng: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. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by TaiwoLapi: 9:48am On Sep 16, 2016 |
slightlyMad: Ignorance is a disease, do you know that you can't use more than 3.2 million on MMM? Do you think people can lose as much as people lost when the shares crashed? I know people who took bank loan to buy shares then and were later been chased around by the banks. Pls lets face the reality, you people('Cos I know you must be a banker) had prey on our gullibility for long, living large on people's money and giving then peanuts, anyways people are wiser now. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 9:48am On Sep 16, 2016 |
Indicators of it crashing are there already....Why is it taking longer for the machine to pair people to PH to or GH from.. and while is the circle really more than 30days...MMM experts...please answer... 2 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 9:51am On Sep 16, 2016 |
Temidayo9:HAHAHA!PEOPLE SOUND FUNNY,MMM WIL JOIN ALL OVER 500 HUNDREE THOUSAND PARTICIPANT AND RUN AWAY?HAHAHAHA!A PLATFORM THAT EXIST IN OVER 118 COUNTRIES WIL SHUT DOWN OPERATION IN NAIJA? MMM NIGERIA HAS COME TO STAY AND NOTHING ANYONE CN DO ABT IT THIS IS HOW THEY ATTACKED BITCOIN WHN IT WS FIRST INTRODUCED IN NIGERIA IN 2009,TODAY GO AND CHECK HW MCH A BITCOIN IS WORTH. THANKS FOR D CONCERN ANYWAY 2 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by okpanachi09: 9:58am On Sep 16, 2016 |
The aim of mmm is to crumble the activities of financial institutions which are seem dubious in every sense of the word. yes, mmm is a pyramid scheme but it's is real and fair enough cus the founders have learnt from previous mistakes. it isn't gonna close any time soon but if it does the founders will definitely alert members as was done in Russia few years ago. PS: we shouldn't be greedy cus that is only going to be the closure of this amazing platform |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Compliant(m): 10:00am On Sep 16, 2016 |
I TOTALLY AGREE WITH PEOPLE SAYING MMM IS NOT A BANK BUT I WANT JUST 1 PERSON AMONG THE MMM PARTICIPANT TO TELL ME WHERE THE 30% INTEREST IS COMING FROM SINCE MMM HAS NO CENTRAL ACCOUNT AND YOU JUST PROVIDE HELP |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by femakin(m): 10:05am On Sep 16, 2016 |
Can a bank in Nigeria ever give 30% interest? So what has cbn come to do with mmm? It's better to go these commercial bank to start giving 30% interest |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:07am On Sep 16, 2016 |
okpanachi09:My question is people especially the southerners blame buhari for implementing TSA is now affecting our financial institution, leading us to where we are now....Now MMM according to you is sole aimed at crumbling the financial institutions further...who lose at the end of the day....NIGERIANS....MMM initiators won't be affected...But when our Economy totally crashes nobody will be there to help us....Then we will leave recession to depression...God help Nigeria |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by wizkidblogger(f): 10:07am On Sep 16, 2016 |
MMM Zimbabwe and South Africa have crashed. Google it. MMM Nigeria will soon crash. 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:08am On Sep 16, 2016 |
mayoor15:THAT IS A SURE PROOF THAT D SYSTEM IS HEALTHY,MORE PARTICIPANT EQUALS MORE MONEY IN D SYSTEM.MORE PEOPLE ARE PARTICIPATING THAT IS WHY IT TAKES LONGER TO MATCHED BECAUSE THOSE PUTTING IN MONEY ARE MORE THAN THOSE WITHDRAWING 2 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:11am On Sep 16, 2016 |
Pierocash:No equilibrium..no balance in PH and GH and you call that healthy...a point will come when people will refuse to put money in because people are not able to get money out on tume.. 1 Like 1 Share |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by 4peace(m): 10:11am On Sep 16, 2016 |
Pierocash: МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1000%. It is unclear whether a Ponzi scheme was the initial intention, as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export. https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Nobody: 10:12am On Sep 16, 2016 |
Shut up ur dirty mouth, you wont hear now, hope you remember pennywise of those days?what happen at the end? Pvin: |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by eluquenson(m): 10:12am On Sep 16, 2016 |
Vaxt:Corrupt Bank of Nigeria Started corruption in Nigeria since 1914 |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:12am On Sep 16, 2016 |
mayoor15:AND WHOSE MONEY R THEY BORROWING?IT IS OUR MONEY WHICH WE DEPOSITED IN BANKS THAT THEY BORROW PEOPLE WITH HUGE INTEREST WHILE D DEPOSITOR BECOMES D FOOL |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:15am On Sep 16, 2016 |
Pierocash:yes its our money, but you have jobs, your family has jobs....you get things cheap and when you need it not how tinz are now...banks play a great role in sourcing finance for people...datz how d economy roll...but we don't have DT again |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:15am On Sep 16, 2016 |
mayoor15:MMM HAS BEEN OPERATING FOR 4 YRS IN 118 COUNTRIES BUT CAME TO NIGERIA JANUARY 2016 |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by ishiamu(m): 10:17am On Sep 16, 2016 |
zikter: forget that english they use... why is Russian not doing MMM again after the man took their money and went to jai for tax fraud... why is banned in China? and why was it banned in south Africa?? people that are enjoying it now should enjoy it while it last... when the demand gets high then the cost will surface... who gives 30% for free are they fada christmas?? |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Nobody: 10:18am On Sep 16, 2016 |
Google what MMM did to south africans. Use ur brain. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:18am On Sep 16, 2016 |
Are Nigerians just knowing that banks have been cheating us since time immemorial..part of those schemes plan to sway people to them |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:20am On Sep 16, 2016 |
mayoor15:THAT IS D SAME THING MMM IS DOING,THAT IS D PRINCIPLE OF CROWD FUNDING.WHAT IS ECONOMY?D PEOPLE IS D ECONOMY.JOIN MMM NW AND FREE YOURSELF FROM THIS UNJUST FINANCIAL SYSTEM |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:20am On Sep 16, 2016 |
Pierocash:nope bro...even on their site...you see people testifying to make Money since 2011...its 2011 not 2016.... |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:21am On Sep 16, 2016 |
Pierocash:really...how has MMM participants relieved d country during this recession period |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by globalresource: 10:21am On Sep 16, 2016 |
Idiots: IT WAS NOT MMM, THE GOVERNMENT FIERCELY FOUGHT MMM SOUTH AFRICA. NIGERIANS ARE TOUGH THOUGH. MMM HAS COME TO STAY |
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