intbizoil:
am not the cause of your frustration atleast the topic of this thread is mmm

Ranchhoddas:
You dey craze. No be somewhere dem from dey get app? You are just desperate to believe that the MMM racket is real. You don't have sense to know that no business can give 30% returns in the first month. Ode!

intbizoil:
am not the cause of your frustration atleast the topic of this thread is mmm

ol2012:

This can't be compared to MMM in any way sir. i don't know much about MMM though, but it think they pay 30%. Banks on the other hand generally quote their interest rate per annum but give you an option of monthly payment of same. the last time diamond released their updated interest rate, customers(saving product) were offered 3.9% per annum.

Now if you open a savings account with say NGN1,000,000. In one year, you are expected to earn NGN39,000. This is then divided into 12, hence your effective interest rate per month come to NGN3,250.

Now, to the push message, the bank is simply saying they'll offer you an additional 20% of NGN3,250 which is NGN650 so that your monthly interest now becomes NGN(3,250+650=3,900)for that particular product.

MMM on the other hand will earn you NGN300,000 for same NGN1,000,000 in the same period of one month.

intbizoil:
ok explain the difference between both and what prompted this current offer?

ITbomb:

The difference is that the bank will take your money, invest it in some stuff and use the dividends to pay you the 20% and also make profit for themselves, while MMM issue waiting for another person with bigger money to pay in for you.

The bank version is very sustainable

LieDetector:
I think this is sparingly distinct from what MMM have on cards. While diamond bank is a legit business organisation registered in Nigeria, MMM is a ponzi scheme operating without licence. Money deposited into diamond bank can be considered safe whilst money deposited into MMM is unarguably being jeopardized hence could be subject to potential loss.


Wanna know how I got to know about MMM? Wiki is a good resource

precioushill:
The thing is that all those that shout MMM scan are just the Undecided group.... May be angry that they aint getting part of the spoils and at the same time too 'Lilly livered' to take risk.
If you cant take a risk or two....why angry at some one taking the risk. Or are you telling me you love the person so much to care about him loosing his money...whereas if he comes to seek your aid...you will still turn him them.... All man better face whats facing him...

wummex01:
Pls can anyone tell me or give me a good link on mmm im so much interested. thanks.

ol2012:

This can't be compared to MMM in any way sir. i don't know much about MMM though, but it think they pay 30%. Banks on the other hand generally quote their interest rate per annum but give you an option of monthly payment of same. the last time diamond released their updated interest rate, customers(saving product) were offered 3.9% per annum.

Now if you open a savings account with say NGN1,000,000. In one year, you are expected to earn NGN39,000. This is then divided into 12, hence your effective interest rate per month come to NGN3,250.

Now, to the push message, the bank is simply saying they'll offer you an additional 20% of NGN3,250 which is NGN650 so that your monthly interest now becomes NGN(3,250+650=3,900)for that particular product.

MMM on the other hand will earn you NGN300,000 for same NGN1,000,000 in the same period of one month.

inforesource:
Bros, I believe you are new to Internet bizness, why not ask expert for MMM Analysis and reviews. It is better to know a thing and pretend as if you don't know than not to know a thing and pretends as if you know. The later hurts, it stings as dead.

My word for Diamond Bank, in case they want to follow MMM way, they should ask expert for advice. I wouldn't mind if they should consult me. But I doubt if Dbank is following that route. I doubt.

wummex01:
Pls can anyone tell me or give me a good link on mmm im so much interested. thanks.

intbizoil:
ok now do you actually think that there is any business the bank will do as to generate so much that they would afford to pay 20% to all their customers that maintain a savings account. What of they would actually use the mmm method knowing that people would not withdraw their money at the same time. Let us make our arguments by facing reality. The bank would look for an alternative method to meet the demand of 20% than trading only bearing in mind the present challenge they face in the midst of a terrible economy

LieDetector:
I think this is sparingly distinct from what MMM have on cards. While diamond bank is a legit business organisation registered in Nigeria, MMM is a ponzi scheme operating without licence. Money deposited into diamond bank can be considered safe whilst money deposited into MMM is unarguably being jeopardized hence could be subject to potential loss.




Wanna know how I got to know about MMM? Wiki is a good resource

Os3e:




There is no central mmm account that u deposit into.

Get ur facts right.

All you do is make a verbal pledge or commitment online while ur cash stays in ur possession. At the stipulated time u r matched and have to fulfil ur pledge to stay active on the system. You now wait to b matched with another participant who pays into ur account your principal and profit. Very simple.

Don't rely too much on wiki [color=#006600][/color]

paragon40:
you dnt deposit money into any mmm account they dnt have an account. They match u with mr b and u pay to him, and u only pay when u have been matched your mny stays with u.

LieDetector:
if that's the case, then why do people commit suicide when MMM crashes? Don't forget they're still in possession of their money

Os3e:



I haven't heard of the system crashing or pple commiting suicide. Mmm has bin running in few countries before Nigeria with positive stories. Am yet to hear anyone losing all their cash yet, only heard of unserious participants who don't fulfil their pledge thereby delaying ur getting paid. But u will eventually be paid in d end.

LieDetector:
oga... You haven't heard because you didn't do a background check before venturing into MMM. Go read up on wiki. MMM first started in Russia.... Several investors there committed suicide after MMM had fold up. The reported loss recorded was and still sounds outrageous. Tread carefully with MMM bro. Stay blessed

LieDetector:
I think this is sparingly distinct from what MMM have on cards. While diamond bank is a legit business organisation registered in Nigeria, MMM is a ponzi scheme operating without licence. Money deposited into diamond bank can be considered safe whilst money deposited into MMM is unarguably being jeopardized hence could be subject to potential loss.


Wanna know how I got to know about MMM? Wiki is a good resource