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Nairaland Forum / Nairaland / General / Investment / CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank (82264 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 Funjosh(m): 2:20pm On Sep 16, 2016 |
Nigerian dey para o 1 Like |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mickypi: 2:23pm On Sep 16, 2016 |
It is so clear that the writer above is a propagandist.... When CBN says beware of wonder banks...what Happened to Baba ijebu, nairabat,bet9ja,sure bet and all does betting institutions dah uses dubious means to collect money from young Nigerians...They have bin in existence for some time now long before MMM Nigeria was established and people have lost millions of naira to the platform,y didn't CBN nor SEC come out to warn Nigerians bout dem @least the probability of losing is 99% while that of winning is 1%...One reason and that is the owners of these institutions are giving the government bribe to kip mute..... And nw MMM has come and dier business feels threathened...dey are now using the government to say thrash against what is putting smiles on peoples face.... Nigerians are wiser nw...keep stealing all the money above....no concern me We would kip helping our selves and b financially free MMM is not for everyody It is either u join or u don't It is either you are with us or with them Either way...I still get paid.... CBN my foot 9 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Debells(m): 2:26pm On Sep 16, 2016 |
How does MMM generate 30% to pay participants? This is a question that can never stop being asked. I have tried explaining this severally BUT its like "magic" to so many. I understand everyone's fears that's why I will break it all down further mathematically below. Let's say, 100 donations came in from 100 participants @2,000naira each = 200,000naira In order for the 100 donations to be paid their 30%, that means 60,000naira extra donations must come in. The BIG QUESTION is then how? Here it is:- The 60,000naira wld come in through:- (1.) Regular GH and re-PH from the 100 donations done by the participants. Here is d maths:- 50 participants GH all their earnings + Principal donation = 130,000naira. Total left over PH balance = 70,000naira The remaining 50 then needs 60,000naira to get their own 130,000naira paid too. The first 50 paid 130,000naira total then re-PH back their 100,000naira (maybe keeping back their total profit of 30,000naira) That then adds up to the 70,000naira available to pay the 50 participants left (130,000naira). ++ So, the cycle continues on and on for as long as the principle of Regular GH and re-PH remains!!! +++ This is just d same Principle Banks work with. That is why it is possible for just a deposit to serve 10 - 20 withdrawals. And they pay you little interests for using your money to keep the redistribution process going!! ++NOTE+++ Don't come and do "Hit and Run" - The one u GH'ed and ran away with will soon finish and u will have to start all over again when coming back!! Why not just relax and earn for a longer period. So whether new donations comes in OR not, the process of providing and getting help can continue for as long as all participants knows the whole process depends on their actions or inactions!!! Secondly (2.) New donations coming in through participants referring others to the community. This keeps the system consistently growing!! Every business (offline/online) needs new sales to survive.. Yes - MMM provides NO Guarantee and we all donate ONLY our "Spare Money" BUT sincerely it can go on for as long as we all want since we all make the Community what it is!! Always remember that in MMM there is ++ No Company Account!! Mavrodi can't wake up one day and ghost off with the money since we are not paying to his account. ++ You bank account/bitcoin wallet is MMM's account. MMM's strength is the IDEOLOGY above that I broke down mathematically!!! We are the Community!! Together We Change The World.. cooldudeng: 4 Likes 1 Share |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 2:57pm On Sep 16, 2016 |
lookingfly:Visit d site bro and read d ideology,then u wil understand whr d 30% comes frm. If u havn't joined MMM nw is d right time |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Teespice(f): 3:12pm On Sep 16, 2016 |
oaks123: thanks a bunch. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Gbreez: 3:19pm On Sep 16, 2016 |
cbn and sec are jst fighting against competition.mmm don cause bad market for them thats all |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by festyfist: 3:24pm On Sep 16, 2016 |
[quote author=DozieInc post=49410246] Correct question, MMM will eventually crash. [/quote You will eventually die someday as well.. ..my little advice read everything about mmm with curiosity and not with doubt.....I forbid to remain slave to dese thief's called nigeria Government. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by beadaholic(f): 3:47pm On Sep 16, 2016 |
I'm a beneficiary of mmm. The way I s it when you invest any amount consistently for the months you would hav gotten your initial capital back. So whatever money you re invest after the 3rd month is more like mmm money (that's th profit you made off from them) so if eventually it crashes it won't b your money, but theirs. I believe only from greedy will get the money crashed with the program. 2 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by optimisttayo(m): 3:52pm On Sep 16, 2016 |
Am totally confused,I need someone to advise me.I need extra income.I have made up my mind to help with 20k because I have registers. is it better to buy share with the instead of mmm |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by bukky1: 4:14pm On Sep 16, 2016 |
So MMM is a ponzi scheme? What about Meridian, Helping Hands etc? CBN, SEC etc never talk wetin them want. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by bukky1: 4:27pm On Sep 16, 2016 |
optimisttayo: Lol. I am guessing you are kidding. #20k worth of shares, even if na NNPC shares, will not give you more than #5k in 2yrs. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Nobody: 4:35pm On Sep 16, 2016 |
[size=20pt]The fact that there are many bad eggs does not mean that there are no good ones[/size] |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by athorello(m): 4:50pm On Sep 16, 2016 |
Some peeps be dancing upandan. What I can summarize from the CBN piece is Threat. Some people feel threatened by MMM. Imagine huge cash movement on a daily basis from one bank to the other. So, they now threaten to arrest MMM promoters but will have no grounds for that. Shey MMM na deposit collectors or just a platform for linking willing peeps to help one another? |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mecussey(m): 6:13pm On Sep 16, 2016 |
Boleyndynasty2: Your question is even simple, I have more complex question. Let me answer your question... When you provide help to someone, some other person from some other place has worked out the 30% and will be willing to provide the help. Its a kind of food chain in the animal kingdom. Remember, an antelope needs the grass to grow but the lion needs the antelope grow. Therefore, it balances the food chain and make the world even. The only disadvantage is that it's going to discourage productivity and make the currency a common paper. At this point, MMM will crash and the world start affresh. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by dasechomsky(m): 6:25pm On Sep 16, 2016 |
Hahahahaha, seems more people believe MMM than FG/CBN. I was a CORE DIE HARD HATER of MMM as I couldn't fathom how the scheme get its 30%. A colleague practically FORCED me, took ma details and registered me sometime in August. Trust me, I HAVE NEVER REGRETTED IT!!! Now the interesting thing is that virtually ALL participants understand the risk, yet they faithfully oblige to Provide Help to a total stranger (who is also a member of the "community". I must confess that I am a "doubting Thomas" (in fact I doubt pass Thomas sef), but eh, d tin dey work die!!! MMM works, still pays, etc. I don't know how the founder got the IDEOLOGY, but walahi, it is simply superb! I know it will collapse one day, someday, sometime, but I also know that it just may not collapse if the GOVT/CBN etc do not sabotage the scheme. The scheme will not fail (provided the GH & PH continues) unless the founder(s)/owners shut down the site. For all ma forum brothers/sisters still kicking against the scheme, I understand perfectly your fears. I had those fears, I still partially have them. But wouldn't you rather give it a shot with some SPARE money (I didn't use spare cash to start though)? Personally I do not refer people to MMM cos I don't wanna be held responsible for any loss should it ever occur. In fact, from the way the system is designed, you CANNOT hold anyone responsible cos you did not even give the person that referred you any money in the first place. In conclusion, I cannot help but rest IMPRESSED with the ingenuity of the founder of MMM. I have tried severally to get possible loopholes (based on mathematician wey I be, lol) to no avail. The security level of the system is WOW!!! I AM IMPRESSED!!! MMM will crash/cast/fail sooner or later. Some call it robbing Peter to Pay Paul. As true as that sounds, a word of caution is: Please DON NOT BE the PETER!!! 3 Likes |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mecussey(m): 6:35pm On Sep 16, 2016 |
toluxa1: MMM will liquidate banks |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mecussey(m): 6:40pm On Sep 16, 2016 |
Freelancer2015: By now, google adsense and BTC will be paying mmm 10k USD every 15 days, ask seun. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Nobody: 6:46pm On Sep 16, 2016 |
urgent buyer for two plots of land measuring 648msq. at treasure parks and gardens (golf & estate)phase 1 ext.,shimawa,behind redemption camp,off lagos-ibadan express road.currently been sold at 4,000,000 per plot by adron homes properties and estimated to sell for 6,000,000 before year end.each plot is going for a discounted rate of 3M per plot for any interested person.title doc available are,a duly executed purchase receipt,deed of contract,deed of lease/deed of assignment,survey plan,letter of plot allocation,land covered with global certificate of occupancy.price negotiable! HURRY call/whatsapp 08034637732 |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mecussey(m): 7:02pm On Sep 16, 2016 |
Rockstar07: MMM will shut down productivity and banks will liquidate...however, some IT guys are going estreme. The next generation servers cannot be controlled by the U:S and websites will be independent and individually made...here comes the end of the world may be... |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by sunch(m): 7:28pm On Sep 16, 2016 |
Really |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by gracelift: 7:49pm On Sep 16, 2016 |
I dey read .... i go cum back |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mylove4him(f): 8:32pm On Sep 16, 2016 |
kceewhyte:Come and register under me. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by naira0(m): 8:35pm On Sep 16, 2016 |
Kay17: What do you mean by TOXITY. Kindly explain |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by uckennety(m): 9:57pm On Sep 16, 2016 |
[quote author=jayzblogng post=49407638][/quote] Source and link pls |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mecussey(m): 10:39pm On Sep 16, 2016 |
lookingfly: From 30 days...if you know how important time is, you wont be asking this question. You are simply lending money to someone who has something to do with the money during that period. |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Rockstar07: 10:55pm On Sep 16, 2016 |
mecussey: Chief, Wetin you smoke? |
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Kay17: 11:05pm On Sep 16, 2016 |
naira0: I will rephrase the question. Who bears the bad debts? |
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