Stats: 3,188,862 members, 7,935,694 topics. Date: Friday, 30 August 2024 at 01:48 PM |
Nairaland Forum / Nairaland / General / Business / 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" (77072 Views)
It Is A Criminal Act To Deface Naira – CBN Warns Nigerians / ‘Anyone Caught Abusing The Naira Will Face Jail Terms’ – CBN Warns Nigerians / Wonder Bank Operator In Ogun Absconds With Customers' N2m (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (14) (Reply) (Go Down)
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Shittuakeem(m): 11:18am On Nov 01, 2016 |
May God punish Federal govt, they turn us all to gambler per say, to me mmm is sure than CBN. Who CBN help? After they got juicy appointment in CBN. They don't ever want the gap btween the rich and poor to be bridged. Long live mmn 4 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by anthony533(m): 11:18am On Nov 01, 2016 |
GOD bless the brain that develop MMM, GOD bless MMM participant because they hate poverty which nigeria has subjected us into. Happy new month. May God enlarge your mavro... 11 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by 2RUTHHURTS(m): 11:18am On Nov 01, 2016 |
Emycord:Continue warning Him, But one day his dog will warn you at his gate. >: ![]() 11 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Temmywalex: 11:22am On Nov 01, 2016 |
Everyone participating in MMM are aware of the warning and risk involved before they join. They only agreed that the risk is worth taking. So, they know better than you before joining. Stop criticizing them and keep your warning to yourself. 3 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by freakzone(f): 11:22am On Nov 01, 2016 |
CBN!!! mind your business. where I decided to invest my money does not concern u. what have u done to provide jobs for people. abi u want make person steal. it is my money. u make yours thru fraudulent activities, I invest mine. as long as I get my interest. kindly keep ur mouth in ur ass!!! but anyway.... thanks for the awareness. 4 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Temmywalex: 11:23am On Nov 01, 2016 |
MMM IDEOLOGY The contemporary world is evil. It is heartless, imbalanced and unreasonable. It truly is a world ruled by money. It is not for the everyday people. It is for individuals who generate this money, for the banking institutions and investors, governments and business tycoons. And as a consequence, the unsuspecting members of the public are simply "chips" in this game. They pretty much work as attendants to the major players. Some important questions you need to ask yourself… How come bankers work far less but get paid a hundred times higher? Precisely what is the backbone of social welfare? Workers. However, why is it that bankers live a quality of life that is 100 times better than the one lived by the masses who genuinely do a lot of work? Do the bankers work harder? Certainly, they do not! Moreover they never even create any sort of material value, compared to the workers. Why then is the disparity in earnings extremely huge? I know a lot of you are wondering as you read this, thinking to yourselves: "Well…how can you compare a banker and a worker? The banker heads the bank, knows all the powerful people, and has control over money. We, the ordinary people, have no money, no clout, and no power. It’s only natural that the banker should live a better life than we do. However, I need to let you know that none of this is "natural". Things are only this way because we got used to the status quo. People think to themselves that this is the way they met the world, and this is how it was meant to be. In reality, this is far from the truth, and things can be different!!! I know a pertinent question still remains; why is it that the banker works less, but lives better? Better than the ordinary workers; the miner, woodcutter, oil rigger, or even the factory worker? The reason is simple; the banker always has money. Yes, MONEY! The all-important foundation stone. Maybe we should dig deeper into the world of money. Money is meant to be the measure of labour, so how come those who do the hardest labour get the lowest pay? How come the world is unfair? We’ve always been told from the cradle that the only way to make money and be successful is work, work, and more work. That we should work hard, and earn money honestly.It sounds ridiculous, really. But what do the billionaires who earned all the billions honestly, and the hard way, have to say about that? It would be interesting to know what they think. What should we expect for all the work we do? In fact, what do we get at the end of it all? Low wages, small pensions, no rest, and a constant and continuous battle with debts. You’ve lived all your life working for billionaires, building another man’s dreams, you’ve been stripped of all your health, power, and energy, squeezed like a lemon and thrown into a dustbin once you are past your usefulness. That, unfortunately, is the way of this modern, contemporary world. The terrible reality of our society. This is the way it ends up for a large majority of people. It ended up in much the same way for their fathers and mothers before them, then their grandmothers and grandfathers…and if things stay the way they are, it will be the same for their children, grandchildren, and great-grandchildren…and their own children…and the cycle goes on and on. This is wrong, and so unfair! I hear you say. Some people have everything. They walk in golden slippers, they fly in private jets, while other people can hardly make ends meet, or feed their families, even though the rich and the poor “work honestly”, and we are all supposed to be equal. So, why does it have to be this way?! The answer is simple; we’ve been told a lie, over and over again. A lie that is huge, continuous, and exaggerated. Well-groomed and well-fed masters of life go on TV every day to tell you these lies. Do not believe them. Believe me when I tell you this; money is not a measure of labour, and people are not equal either. These are the lies we’ve been fed with for far too long. Yet some people decide to trust in the lies, living in an unjust and unfair world. Do you know the reason why they cheat you? So that they can easily control you. Let me show you why everyone is not equal. Just imagine you are a billionaire or a member of parliament. Then think about the things a billionaire would do; eats differently, lives differently, relaxes in a different way, he spends in a day what you’d spend in a whole year, he goes to a Swiss hospital, his children go to the best and most expensive schools…I can go on and on. Think about this, then tell me if you see any "equality". Perhaps, by equality you mean equal rights? Yes, equal rights, just like the constitution of most countries in the world says; we all have equal rights. But is this really the case? Yes, you have the right to work, just like the banker. But you earn peanuts while the banker is paid millions and billions. You do all the hard work, while the banker does next to nothing. Is this right? Well, I can hear you say you have the right to vote, and contest an election. That is actually true. You can vote, that’s fine. But how do you contest an election when you have no money? You need a lot of money to contest elections. Where will you get that money from? You will never earn the required amount of money as a usual worker. So, as an average person, you can’t contest any elections, not to talk of winning one. The reality is this; there is no equality. There’s only continuous and systematic social inequality. Unfortunately, the sad truth about money is that it is just a tool to keep us in slavery. We are all slaves of money. Or better put; we are slaves to those who print the money. For all our lives on earth, we have been a part of a slave system that has undergone only cosmetic changes. The slavery is still there, it’s just more sophisticated and civilized. So instead of rusty, steel shackles, like we used to have in the old days, what we have now are invisible shackles. The shackles still exist, but they cannot be seen by the naked eye, they are not holding our wrists or ankles together. Our shackles in the modern world is money. Essentially, none of us is free. The concept of "Freedom" is just an illusion. So, the whole point of our existence is money. We cannot survive without money. We need shelter, food, and clothing. We need money to move around. We need money for everything, maybe except the air we breathe, but we cannot survive on that alone! So, since we agree that we need money to survive in this world. The next question is; where can we find money? Perhaps, we can earn it? One of the concepts of immorality we’ve always had is that of prostitution. But have you wondered if trading yourself is immoral? You sell your brains, your strengths, and your time just to work. Is this really different from prostitution? If you argue that people need to work, that we all can’t survive if some people don’t work, I’ll tell you that argument is ridiculous. Just like it was ridiculous when the slaveholders gave the slaves these same answers for why they needed to work…so that the society will not collapse! And we don’t all die of hunger!! I totally agree that it’s necessary for us to work. Give something valuable to society. Otherwise, there will be chaos and the society will not survive. But we need to approach this in a systematic way. First, our work has to be voluntary, not for a dish of soup, and not to justbarely survive. It’s important to do what we enjoy, and enjoy what we do! Secondly, it should be necessary for everybody to "work"since we are all equals. The situation where some people earn meagre money in the factories and mines, wasting their health while others just sit back, sip on exotic cocktails, and print money, is strange and should be discouraged. This should not be acceptable anywhere in the world. Honestly, there are no excuses or explanations for this state of affairs. Absolutely none! Money is just a piece of paper, you could even call it a candy wrapper because it is not backed by anything concrete, and apart from that, the printing of money is not restricted, so it can be printed to anyone’s satisfaction and then distributed among the slaving population as the "wages of labor". Whenever they give us an extra wrapper (an increase in salary), we are happy. It is not something to be shocked about. It’s just the bitter reality of this cold world. The financial world is obviously a pyramid! Let me explain what I mean. The Federal Reserve System of the United States, also known as The Fed, sits at the top of the financial pyramid. This is the organization charged with making dollars. They create as many dollars as they want while obeying their own internal rules and regulations; for instance, they try as much as possible not to manufacture too many dollars so that the currency will not be devalued. However, the reality is that The Fedismostly guided by appropriateness and they are not compelled by any external restrictions on the quantity of dollars to produce. On the lower level of the pyramid are the central banks of a lot of other countries, then the local banks sit on the lower levels below that. That’s just a simplified explanation reflecting the overall picture of the financial world. One important question is; what is the role of banks? In a figurative manner of speaking, banks are like blood vessels in a social organism through which blood (money) originating from the heart (Central bank) enters all the organs of the organism. Blood (money) cleanses and supplies nutrients to the organs and gives them life…that’s an interesting picture to imagine. So, why are we, the ordinary people, talking about dollars, and The Fed? It’s simply because there is a direct relationship between us and them. Think about it; the dollar is a global currency. For any Central bank to print its local currency at the desired quantity, it would need permission from the U.S Fed. For instance, a country supplies its resources to the U.S, gets paid in dollars, but then needs to convert those dollars to its local currency. It gets permission from the U.S Fed to print its local currency to the amount of dollars. There is no other way. Especially if that country wants to stay in the IMF, because the IMF will take immediate measures to ensure the country’s currency is not convertible. Let’s consider this situation. I have been working hard and working long for the benefit of the public, giving it my best and my all. But I have bank loans that I can’t pay off, even my friends are in the same boat. This is eternal credit bondage. We are tied to the banks forever. Is this normal? Obviously not! It is unjust and unfair. Why are we always indebted to the bank? I’ll try and answer this question shortly… Banks make a fool of the common man. They take advantage of the fact that that we don’t really have the time or the intelligence to figure out their tricky schemes. We are dedicated to making ends meet, feeding our families…just surviving. They know this, so they play on our intelligence. 5 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by thunderbabs: 11:24am On Nov 01, 2016 |
Garshyzee: Who be cynic? If you had gotten high blood pressure from pennywise back in the day, you wouldnt be talking thrash. People, I mean lots of pole earned from pennywise then. Not that you wouldn't earn, infact reinvesting their earnings over and over again till the theif came in the night unannounced and stole all of their money- both capital, and the reinvested earnings, all of it gone overnight. When this occurs, which I see happening soon. I am going to throw my head back with some friends and laugh at you all who think CBN is saying nonsense. Just a matter of time. Remember, it will happen like a thief in the night. |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Temmywalex: 11:24am On Nov 01, 2016 |
How do the banks deceive us? I’ll try and make this as simple to understand as possible. It could be a bit tasking on the brain, after all, it is an elaborate scheme that has been perfected over the centuries by the best minds who only think about themselves and their personal needs, but I’ll try and explain it in the simplest way possible. Let’s paint a scenario with three people in it; James and Solomon, who are friends. Then there is Bill, who is a banker to both James and Solomon. James and Solomon keep their money in Bill’s bank. James is interested in buying Solomon’s bicycle. But he can’t afford it. He has some money, but it is not enough to buy the bicycle – he has only $10, while Solomon wants $100 for the bicycle. What does James do? Because he’s really interested in the bicycle, he gives Solomon $10 for it as a deposit, with a promise to look for the remaining $90. He runs to Bill, his banker, for a loan of $90. Unfortunately for James, Bill has no money at the moment. He knows Solomon will bring the $10 to the bank anyway, so he tells James to come back the next day. The next day Solomon takes the $10 to Bill’s bank. The bank lends James the $10. James gives the $10 to Solomon, who takes the money to Bill’s bank once again. The bank lends James the $10 once again…and the cycle continues until James is finally able to pay for Solomon’s bicycle. In reality, something magical has happened here. The initial $10 from James has turned into $200 (a debt of $190 plus the initial $10)! So what really happens is whatever money we put in the bank circulates from palm to palm through the bank. That’s the way it works! So what do we have in the world today? Not only the Fed can make money, the banks can produce money too. The banks actually multiply money. Without any kind of control. That explains why the banker lives better. The one who makes the money, definitely, lives like a king! Poor James owes Bill and his bank $90, and it will never be possible for him to repay the debt owed to Bill’s bank. No matter how hard or how long he worked. So he is a slave to the bank, and in eternal credit bondage. Really and truly, the $90 he owes Bill’s bank don’t exist in nature. He created the money from thin air! With just a click, he turned the initial $10 into $200. I can here you thinking aloud; but the bank got $100 from Solomon too, so the bank should be indebted to him to the tune of $100. How will the bank pay its debt to Solomon? Surely the bank cannot make any profit in this way? What’s the trick? The trick is really simple! There are thousands and millions of "Solomons"in the world giving their money to the bank. And what the bank is "banking on" is that there will never be a time when they will all come to get their money at once. If one Solomon comes, the bank will give him money from ten other Solomons (depositors); that’s the way it works. In other words, we can call the debt owed by a bank "Virtual", because it doesn’t really exist in the true sense of it. It exists only in the computer program, or on paper, and the reality is that it will never be repaid. Except for a situation where there’s a financial panic and all the Solomons come to the bank for their money – all at the same time! And the main reason why banks go bankrupt sometimes? Because they don’t have enough money to pay back the depositors! The bank vaults are just 90% thin air. We need to be worried about our James though, because he now has a mountain of problems. He’s owing Bill’s bank the money he borrowed, with interest and penalties! What James will probably do is take new credits from other banks so that he can repay his old debt. He becomes indebted to these other banks, so he goes ahead and takes loans from other banks again, and the cycle goes on, until James’ death. He is in a credit knot that he cannot get out of. He has entered a financial trap that he cannot escape from. He is a perpetual debtor, and a slave to the banks. All the work he does, and all the wages he gets, will go to the banks to settle his debt, and still he won’t be able to repay everything before he dies. After James’ death, his children and grandchildren will also work for the bank, future servants going through the same ordeal as their father and grandfather. Servants of the inefficient and unjust global financial system that holds sway in the world, and which has resulted in the current ruthless and inhuman structure. Is it possible to destroy this system? Yes, it is! And this is how… A new, fair and just financial system has to be established! Financial Armageddon! This is the only thing that can break the financial chains, release us from continuous slavery, and save us all. The Fed will be expunged from power, and they will no longer be able to cultivate social inequality. The banks as we know them will simply disappear. The days of robbing people blind are over. Have you ever asked yourself why banks get interests on the credit they give? There was a time when usury was detested by all countries of the world, but now it’s legal. If somebody takes a loan from the bank for a laudable project, then his efforts need to be rewarded and applauded because what he’s doing is for the benefit of society, including the bankers! The least we can do is to encourage such people by giving them discounts and not to collect huge interests from them. Anyway, modern banks were set up to meet other demands. Not the demands of the society, or the people, but their own goals. They are hypocritical agents, loyal servants to the Fed, and they are abusing the proceeds of labor of the common people. What the current financial system is doing is attacking us, and destroying us, and then it will do the same to our children, and grandchildren. What we need to do is destroy this financial system and build a new one which is fair, and honest. That’s the only option we have. We are people, not slaves, and we choose to be free! NOW is the time for freedom. Thanks to MMM United, financial Armageddon is unavoidable! It’s just a question of time. The seed has been planted, and it will grow. In fact, it is already growing. At this moment, right now! And it will not die! What is MMM United? MMM United is a Worldwide Mutual Aid Fund, a Financial Social Network, or you can equally call it a World People’s Bank. Obviously, the title is not the most important thing. The bottom line and the key thing here is that they are a voluntary informal association made up of millions of people globally. They have declared a war against the banks and the Fed to kick against financial slavery, and are on course to win the war!! And for this purpose they have consolidated their capital in small amounts, but owing to the fact that there is a great number of people, running into the millions, it’s already a powerful network. The remarkable and unseen, silent power of this organization keeps growing day by day. Banks exist not because of the bankers or the billionaires. They exist because of the common man who decides to deposit his savings at the bank. MMM United wants people to understand and see the reality. Why do they have to keep saving their hard-earned money in banks that charge them exorbitant interests? The answer to that is because that’s the only option they have. It’s a monopoly and with the banks being controlled by the Fed, their ultimate aim is to destroy the ordinary people. But now the alternative is here – MMM United!!! It’s something we hold very dearly. An organization with people that help one another. Help somebody today, and tomorrow you can get help from somebody else. The principle of reciprocity, this is the main principle of MMM United. MMM United is a type of common storage where people can save their money for the future when it might be needed. You need to banish the slave mentality today. Say No to bankers buying a house or a limousine with your money. Join MMM United today and spread the love. Let your money help people who actually need it; the poor and disabled people, retirees, a single woman with a lot of children. Love thy neighbor. It’s the least you can do for humanity. The truth is; people don’t need lots of money. They only need the realization that they have it. What everybody needs is confidence in what tomorrow brings. The only organization that can give you that confidence is MMM United. It gives you a sense of partnership, that you are not alone in this world! We will always strive to help and support you during the difficult times, and we will never abandon you. MMM United is a part of a new brighter, better society. A new world where there won’t be money as we know it. Where there will be a change from unjust and unfair to fair and honest. Slaves and owners will be a thing of the past, and people will work at their own pleasure and for the betterment of society. Where good will overcome Evil! It will come to pass! No doubts about that!!! Welcome to the System! Together we will change the world! 3 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 11:24am On Nov 01, 2016 |
unclezuma:Life is not fair. Go ask politicians who bag millions just for warming their buttocks on a chair. The fact of life is that the hardest workers are usually the poorest. The rich are getting richer feeding on the poor, while the poor are getting poorer feeding the rich. We shall go with MMM. We are not lost. Actually, we just found our way. We were lost when we were trusting govt promises and listening to and waiting for the govt. Now, we've found our way. MMM has shown us the way Thanks 8 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by TheVictorious(m): 11:25am On Nov 01, 2016 |
coollabman: I know myself that it is a ponzy scheme but I will not advice anyone that is willing to risk it against it. Oga go and sit down, CBN shouldn't warn anybody for it if they can't make policies that will salvage it or create a better alternative for it. You are absolutely responsible for almost anything you do in Nigeria and you bear your risk yourself. What the educated ones among us should simply be doing is making people know the risk involve in what they are doing and leaving them to decide if the risk is worth the gain for them; instead of coming out here to cry foul or play holier than thou for what does not concern you! For instance, 1. Money invested in banks is at owners risk, as no govt policy checks what charges customers are billed for. They bill you most times before they even inform you, not minding whether it was part of the contractual agreement on which your relationship with them was premised or not. 2. Money credited to your phone is at your own risk as your network provider can just pull funds anytime and tell you that you've just won a subscription for inspirational messages, tunez and all other poppycocks! What has NCC or govt. done about that. 3. Even cars parked in banks (I MEAN A BANK YOU ARE BANKING WITH!) is at owners risk. Now CBN is coming to warn people against channeling "their own" money to mmm; that they're doing so at their own risk. What nonsense! CBN should go and sit down because they have failed us and MMM, Nairabet and what have you, are all capitalizing on the fact that they have failed us! PERIOD! 5 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by hero4u: 11:25am On Nov 01, 2016 |
You just woke up with your poverty mentality and remember to search for old post about MMM by fraudulent CBN and repost it. Better join now or die poor. 5 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by 1miccza: 11:25am On Nov 01, 2016 |
We yaf hear make we make money before e go try to crash... CBN when you guys improve on the economy and create chance for people to hammer we would leave una hear?? |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by anthony533(m): 11:26am On Nov 01, 2016 |
Staying in this country alone is a risk. CBN should stop the bullshit. An ghing today. MMM pays 2 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Basalt(m): 11:26am On Nov 01, 2016 |
Really, CBN should stop this stupid warnings. What have they done to help the youths? MMM has made me a millionaire within 3months. Just last two weeks I received 450,000 after investing 200k within 37days. I see all these warnings boring and stupid. Who CBN EPP? Abeg let them just stop embarrassing themselves. Even if I lose 1million today in MMM, I will still invest more to revive it. MMM for life! I am even currently enrolled in MMM guiders school. If you have any reasonable question to ask concerning MMM, bring it up 6 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Eladua(m): 11:27am On Nov 01, 2016 |
Well for me, I know it is a scam, but I am doing it consciously... What I advice people is after two months, take away your capital and be investing with the profit.. ..that way you don't lose much even if it packs up. And I will also be on break from December to January, coz U have a feeling something might happen then... Will resume back in February ![]() 2 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by greggng: 11:27am On Nov 01, 2016 |
Is not enough to warn the citizens. Go further to ban mmm Nigeria same way they ve been banned in China etc. This will make their activity ilegal here. How can you be giving 30percent return on investment from money contributed by others? When has such money turned to profit? You only pay R0I from profit. Gullible Nigerians shine ur eyes. Even at their website it was clearly and boldly written play this game with ur spear money. One cannot pinpoint to anywere mmm invested money to make profit 2 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by calliope(f): 11:28am On Nov 01, 2016 |
CBN don't sweat it, they won't listen! Everybody want to make quick money.. And belong hence the indulgence. E go shock all of una ![]() Enjoy oo while it last. |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by opribo(m): 11:28am On Nov 01, 2016 |
ewosk: Anyway once bitten twice shy.... So what you are saying now is that MMM does not have any account you pay into that on its own does it not give you concern that a corporate entity does not have any account. You pay money into another members account and that member does what with the money. At the end of the day that money sits in an account. Thats it now, the samething. They came when they know people are desperate for money and as you can see people are trooping in. It wont take long before the wailing will start. |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 11:28am On Nov 01, 2016 |
NnaaGuy: ![]() 3 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by 2RUTHHURTS(m): 11:29am On Nov 01, 2016 |
coollabman: Cry me a river |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by yoribo: 11:29am On Nov 01, 2016 |
BRIGHTRIVERS: [size=28pt] people with little faith criticize every thing, let me tell you MMM is an individual thing, there is no central place you pay the money, so who is scamming who, CBN or MMM. - CBN is saying all these because they dont know how to regulate the process. If they know, they could have promoted it and ask Mmm not pay more than 5%. If CBN actually care for you, what policy have they passed to help you. My brother government and their policies is to make you poor and dependent on their personal influence. Just tell me anything you gained from government. They dont want you to survive. I started with 100k now I have paid my rent of 450k, and am buying small car with the mmm money next week. Please don't join it is a scam because CBN who can't not even give you 10k loan said so.[/size] 5 Likes 1 Share |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by jabolo(m): 11:30am On Nov 01, 2016 |
Temmywalex: I disagree. Not everyone is fully aware of the risk. Or, just like a Russian Roulette, they hope and pray they don't end up with the bullet. The bullet is coming. If you are honest, you know this will crash once the amount of receipts is not enough to support the amount of requests so it is in your interest (as a current participant) to continue to recruit new members to support the pyramid. By the same token, it is in my interest as a responsible Nigerian mentor to prevent gullible new players from joining the scheme since they run the risk of being the 'last men standing' so to speak when the scheme inevitably comes crashing down. No offence, we have different motivations. I understand your need to get rich on others' heads so I hope you too understand my need to prevent others losing their heads to you. 4 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by tobsidan(m): 11:31am On Nov 01, 2016 |
You are the real fool here he has right to his opinion its not the governments money we r using a friend of mine just bought car few days ago, pls ignore because its not a must u comment MMM rocks. coollabman: 3 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by CDon(m): 11:31am On Nov 01, 2016 |
MMM
Mumu Maga Mumu 1 Like |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Opynion: 11:32am On Nov 01, 2016 |
haibe: keep analysing here while they make their children rich. https://www.nairaland.com/3439900/ndic-begins-secret-staff-recruitment |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by rhymesnoni(m): 11:32am On Nov 01, 2016 |
yea, we nigerians love scam. cnt wait 2 RH. |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Davindal(m): 11:32am On Nov 01, 2016 |
Oh shit! What da Bleep concerns the fraudulent CBN with MMM? On what moral ground are they, the idiotic government agencies, condemning MMM, when they are the real culprits? All these government agencies: SEC(SECURITY and EXCHANGE COMMISION), CBN, etc., should just leave us alone. If we loose our money, it is ours not yours. So why the sudden love for Mavorodians? Anyway, I understand your pains. There are no more stable monies in the various bank accounts across the nation, as citizens(Mavrodians) no longer leave their monies in savings account deposits for a long time ,so that you could use the monies as loans and other financial business ventures with individuals in return for huge interest rates mostly running above 35%, and a miniature 2% interest to those saving and fixed depositors' accounts from where the monies were taken. You people have failed! The day you idiots will see our color would be any day one of us enters banks to withdraw money and you come up with lame stories; that day banks would be burnt down. Secondly, you idiots are angry because MMM doesn't pay you tax, yes, thanks to the decentralized modus oparandi of the scheme. That tax, you fraudstars in those agencies are yearning for; you will never get it, and MMM will still be growing bigger and stronger: there is nothing you can do aabout it. Your smear campaign is dead on arrival. Is it not stupidity when you leave out: Casino, Nairabet, Betnaija, Lottos, etc., because they agreed to pay you task and single out MMM because the company refused you money in the name of taxation...,? Baboons. By the way, what have you God forsaken government achieved with all the tax monies you have been collecting? The answer is ZERO. MMM is fast alleviating Nigerians from POVERTY: something you clueless agency could not do. Let me sound it to you all: like it or not, MMM will not crash; it will only crash when CBN and its subject banks collapse for they are the biggest fraudulent financial institutions backed by the useless government. Right now, I just ordered to GH, and it is a matter of 48hrs before the money starts trickling into my account. Haters of MMM should look for the most adjacent electric transformers and do the needful...huge them passionately, bastards. My shout out to MAVRODI, aka., “THE MAN WEY SABI.”. Sir you will live long jarah!!! 13 Likes 2 Shares |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by biggest84: 11:33am On Nov 01, 2016 |
mmm pays die.W at has federal govt n CBN done meaningfully for her citizens. if not looting n fraudulent activities. God punish CBN. |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by mayortm001(m): 11:33am On Nov 01, 2016 |
[color=#990000][/color]Ndi oshi....i dnt even want it to be real. You(Nigeria Government) think we are going die in the recession of this country so that you will smuggle away with our money, never, we shall live long and testify the good deeds of the Lord who provides our needs through MMM. Join MMM today and live large irrespective of the recession. ![]() 2 Likes |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Basalt(m): 11:33am On Nov 01, 2016 |
opribo: Leave us alone na, let us wail. In short we will wail happily because MMM has changed our lives. Why the hell are non mavrodians so concerned about MMM even more than the participants? 1 Like |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by yorke1: 11:33am On Nov 01, 2016 |
I think is time for me to join the train of MMM. I have read so much about it. I think people should withdraw their money from nigerian Banks because they are all thieves. |
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by ilenaira: 11:34am On Nov 01, 2016 |
soberdrunk: It is very very very hard to explain to a "hungry" man that a certain type of food is bad for his health, i dont blame Nigerians for wanting to take a chance with 'dangerous' food than dying of "hunger", it is the logical thing to do. ![]() ![]() ![]() ![]() Dem eye go clear when boys use their money enjoy December. ![]() ![]() ![]() |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (14) (Reply)
Banning Forex Trading And Sports Betting Promotion / Obi Okeke Sold 39 Cars To Floyd Mayweather / Taxify/uber Partners And Drivers
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 127 |