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Nairaland Forum / Nairaland / General / Investment / CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank (82107 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 Pierocash(m): 10:26am On Sep 16, 2016 |
mayoor15:AS LONG AS PEOPLE DNT DEPOSIT AND WITHDRAW AT D SAME TIME IN BANKS,MMM IS NOT DIFFERENT. AS WITHDRAWAL,U WIL GET UR MONEY WITHIN 14-35 DAYS.PEOPLE GET THEIR MONEY FASTER THAN PUTTING IN THEIR MONEY 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mpowa(m): 10:26am On Sep 16, 2016 |
wizkidblogger: There' no way it won't crashed, anyone who can think logically enough should see that, The worse is that it won't only affect those doing it but we the innocents because a lot of money taking out of the system. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by rossy8: 10:28am On Sep 16, 2016 |
MMM Nigeria is really affecting banks that's why CBN is crying out. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by ziego(m): 10:30am On Sep 16, 2016 |
unite4real: What do u do with ur salary? |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Nobody: 10:30am On Sep 16, 2016 |
Mavorians please ignore CBN, ignore naysayers. The battle was fought in South Africa mmm won, they fought the battle in East africa mmm won, they fought the battle in China mmm won now they have remembered nigeria let's see who wins but those who are calling it scam continue let's see who's scam will pay whether mmm or CBN's policies or APC's change |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by ziego(m): 10:32am On Sep 16, 2016 |
12inchDickson: Here is my Whatsapp number bro What is good is what people talk about 08039521412 |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by ziego(m): 10:33am On Sep 16, 2016 |
rossy8: Banks are earning from daily Tranfer charges 3 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:36am On Sep 16, 2016 |
4peace:MAVRODI DIDN'T SWINDLE ANYBODY'S MONEY IN RUSSIA,IT WS RUSSIAN GOVT THAT SIEZED OVER 4 BILLION RUBBLES FROM HIM WHICH WS PEOPLE'S MONEY AND THAT LED TO D COLLAPSE OF D BUSINESS.HE WS ATTACKED JST D SAME WAY MMM IS BEEN ATTACKED RIGHT NW AND THAT LED TO D COLLAPSE.THEY ONLY SUCCEEDED THEN COS IT WS A CENTRAL ACCOUNT,AND THAT WAS A DIFFFRENT TRANSACTION FROM MMM THIS TIME AROUND MMM HAS NO CENTRAL ACCNT.THEY CN ATTACK FOR ALL I CARE,MMM STANDS STRONG,COS IT IS NT THEIR MONEY BT OURS. 2 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:40am On Sep 16, 2016 |
mayoor15:IT IS D GOVT THAT PLUNGED NATION INTO RECCESSION EVN B4 MMM CAME INTO NIGERIA,THEY SHOULD ALSO FIND A WAY TO REVIVE THEIR ECONOMY OF GREED |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by uckennety(m): 10:42am On Sep 16, 2016 |
claremont: RUBBISH Have you tried to google IS GOD A SCAM?[/b] Also try is [b]IS SCHOOL A SCAM? Wt do u see? 1 Like 1 Share |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by collinsVP: 10:51am On Sep 16, 2016 |
Pierocash: Who determines who gets paid? Is there an administration and admistrative cost of running MMM platform? |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by jayzblogng: 10:52am On Sep 16, 2016 |
uckennety:
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Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by casid: 10:54am On Sep 16, 2016 |
If the CBN does not know the September calender days, it then implies they know nothing about the overall monetary aspect of the economy at large.
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Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by jayzblogng: 10:54am On Sep 16, 2016 |
very soon the thread here would be: my money /life savings lost to mmm , what should i do? |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by kaytolee(m): 10:55am On Sep 16, 2016 |
kennygee:you better go register |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by nitiresources(m): 10:58am On Sep 16, 2016 |
In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a "30% per month" return through a "social financial network".[3] The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank.[4] In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg.[5] In 2016, MMM launched a website targeting the Nigerian audience.[6] In January 2016 the Chinese government banned MMM on the grounds that it is a pyramid scheme, (Ponzi scheme), and it is not registered in the country (and as a fraudulent scheme cannot be registered).[7] Full details from https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) shogat: |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Rockstar07: 11:01am On Sep 16, 2016 |
It's boldly written on their Site that it's a Risky Investment. But this one that the CBN- Govt have begin to nose around, hope they won't campaign to clamp down the website which may result into helper to wallowing in Loss while those who request for help will smile to the Bank. This Pyramid (Ponzi) Schemes is a mouth watering investment and its prosperity depends on the govt of the country where they're operating. i'd advise peeps to be careful at this period (next few months) this one our CBN is nosing around so they won't wake up one day and see that the site have been brought down. 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by kaytolee(m): 11:03am On Sep 16, 2016 |
pavlovt:thank u jor 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by LEXYCOM: 11:04am On Sep 16, 2016 |
Elegantdiva: seems u know about the company?...pls what do u think is the state of let partner? cos my cousin has about 2 million naira invested in the company.....and for the past 10 month, the agreed 10% monthly interest as not been.....it seems the company is folding up |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by einsteine(m): 11:07am On Sep 16, 2016 |
If MMM wasn't a ponzi scheme, it won't need the current participants to keep spreading the dangerous gospel of 30% returns. People would have joined of their own volition. The current participants know that if they don't get new guys to join, they would lose all their money. 1 Like 1 Share |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by nairacash1: 11:09am On Sep 16, 2016 |
I do MMM, Need a FREE step by step pictorial guide ,reply with the subject NEED to bizokoro@gmail.com and it will be sent to you. MMM is social financial network,a mutual fund help where member PROVIDE help with their spare money and also GET help. MMM is world wide you have in Asia, America, it started in Europe etc To join MMM is free. In MMM you can make money in 3 major ways. 1) Any amount you donate into the MMM community grows by 30% every month.If you donate 20k in one month it will grow to 26k and you will also be given a registration bonus of 20$ which means you will get 20$ plus ur 26k in one month. The list amount you can donate is 2k Please NOTE!! when you decide on the amount you want to donate it can take about 3weeks before you will be ask to send the money, which means ur money will still be with you but it start growing from the very first day u decide on the amount u want to donate. 2)You can also make money through referrals (Note this is optional you do it if you want extra cash)For every person you refer to MMM you make 10% of what ever they donate. 3)You can also make money by becoming a manager in the system, to be a manager u will undergo a 10days online course for free. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by jaybee3(m): 11:09am On Sep 16, 2016 |
Teespice: Pyramid = Ponzi |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by nairacash1: 11:16am On Sep 16, 2016 |
einsteine:THIS IS NOT A GOOD ENOUGH POINT. YOU KNOW COKE,MAYBE YOU EVEN DRINK YET YOU SEE THEIR ADVERT EVERYWHERE. Where was the CBN and SEC WARNING when I lost millions of Naira in Oceanic Intercontinental Afribank and former Heritage bank I do MMM, Need a FREE step by step pictorial guide ,reply with the subject NEED to bizokoro@gmail.com |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Boleyndynasty2(f): 11:16am On Sep 16, 2016 |
Folksyharry:my dear I've tried really hard to understand d circle of giving and getting and its still not clear. Then you now think of how the company or whatever dey're called make der own profit. Ayam not understanding 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Idrismusty97(m): 11:22am On Sep 16, 2016 |
Nobody can win this argument, It all boils down to perspective and choice. Not a single person have concrete evidence against MMM, No one has mentioned how MMM specifically run away with their money. That's why the argument will keep dragging on. It is still slightly better than Bet9ja and have given the young and mostly Tertiary institutions students an illusion of what "investing" entails. I said Illusion because i don't considered MMM a real investment but i am planning to put spare money in it anyway and thereafter use only the profit for any further investment in MMM. I don't see how i lose that way. For now i believe the real treat to MMM are the people warning against it. I.e CBN, SEC etc. 2 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Freelancer2015(m): 11:22am On Sep 16, 2016 |
Pierocash: http://barenakedscam.com/mmm-global Also on wikipedia https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) My advice, don't input huge sum. Betting companies should also be stopped. It does more harm than good. 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Hearme(m): 11:23am On Sep 16, 2016 |
I foresee the FG blocking the website from operating in Nigeria very soon. BE WISE |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 11:28am On Sep 16, 2016 |
Pierocash:But MMM is aimed at helping each other now...MMM should also help the government out...lol |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Idrismusty97(m): 11:29am On Sep 16, 2016 |
Hearme:That's the only treat i see against MMM for now. Although the system is bound to fail sooner or later but the FG can hastened that process and won't let MMM die a natural death. |
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