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Nairaland Forum / Nairaland / General / Investment / MBA Forex Unable To Pay Investors In December (67827 Views)
Why Are Nigerians Still Investing In MBA Forex, BARA And Others? / MBA Forex (please I Need Better Explanation) / MBA Forex Changes Maturity (2) (3) (4)
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Re: MBA Forex Unable To Pay Investors In December by Nobody: 12:37pm On Dec 24, 2020 |
general111: MBA has always been a semi Ponzi scheme. The only difference is that MBA used a centralized system. Funds donated by The idea is that if they were 100 victims, and MBA loses the capital of 80 victims, then the profit they make from the 20 victims would be shared among the 100 victims. This automatically means that MBA invests in the most risky deals in order to make very high profit to keep the scheme going. The problem with MBA now is that they currently have like 10,000 victims and have lost the capital investment of like 9500 of them. The capital left with them cannot generate profit so they have turned full time Ponzi by paying clients with lower capital with the capital of those with higher capital and hoping these clients will bring more new investors , however, the rate of investors are really declining and almost non existent anymore because people are beginning to ask how a mere Nigerian forex trading company can make more profit and returns of investment than prominent hedge funds even in the US. That's the problem here. It's either hundreds of investors deposit their money with MBA for them to keep the cycle going or the cycle has folded. Victims should accept reality. 7 Likes 2 Shares |
Re: MBA Forex Unable To Pay Investors In December by AlwaysMotun: 12:38pm On Dec 24, 2020 |
SavageResponse: It's shows you truly live in the third world... You know nothing about Decentralized Ledger Technology... No Crypto literate should even argue with you here... It's best you look before you leap! There are free information online, Google is your best friend! 1 Like |
Re: MBA Forex Unable To Pay Investors In December by general111(m): 12:38pm On Dec 24, 2020 |
MyGeneration:i don leave them oh..their anger will not crash the forex market, neither will it crash my favorite lpc strategy...hahahahaha |
Re: MBA Forex Unable To Pay Investors In December by SavageResponse(m): 12:38pm On Dec 24, 2020 |
Truthspoon1: On the contrary you're the one who has inferiority complex because you believe everything Elon Musk says just because his skin is white! As far finance is concerned Elon Musk does not know more than me 1 Like |
Re: MBA Forex Unable To Pay Investors In December by Willie2015: 12:41pm On Dec 24, 2020 |
EmmySparky: Great traders for where... Use your brains now... If its simple as ABC Top banks/Invstmt coys like Zenith, GTB, Ibtc Asset Mgt etc... Will have dominated that sector... By payin those great traders... With the billions they rake in from banking bizness... MBA Forex is simply a Ponzi.... 1 Like 1 Share |
Re: MBA Forex Unable To Pay Investors In December by PervertProphet: 12:43pm On Dec 24, 2020 |
RealEzee: Only you three Nairaland accounts: General, general111 and this one all using them to comment in a schizophrenic delusional way like a proud beneficiary of this Ponzi scheme called MBA. Who knows if you are one of the people who formed this scam to defraud gullible greedy Nigerians. This is becoming the norm every year due to the excessive poverty on ground. Do all these your nonsensical lies and explanations of Banks holding the nonsense MBA from paying out "funds" make sense to you that is if you still have an iota of sense. As if we don't know it's all some Ponzi giving the usual forex tag(the newest trend since using crypto tag don cast small) and just basically robbing Peter to pay Paul. 1 Like |
Re: MBA Forex Unable To Pay Investors In December by boyjo: 12:44pm On Dec 24, 2020 |
MyGeneration:Okay, I understand now. But from the news sha, e be like say them go still pay. |
Re: MBA Forex Unable To Pay Investors In December by Feggie3: 12:44pm On Dec 24, 2020 |
boyjo:... Am so desperate to leave the country, it took me 2years to save that money.. I needed extra 1.5 million to enable me leave for Saudi Arabia and I was tired of saving 100k every month from my salary. I had to do a thorough background check before taking that kind of risk. I studied their policies for almost 5months and I even had to go to their offices at intervals for certain clarifications. But the things that held me back were... 1. The firm is not registered under SEC 2. Change of one certain policy of extension of date of collecting back the capital from 6 months to 12months. 3. Then hiccups and fluctuations in days of payment of their ROI.... Such huge firm shouldn't stutter in payment of ROI. It is absolutely wrong and a serious breach of contract. Finally, I suffered to make that money, assuming I had enough I for join probably 4 months ago. This is a huge test of authenticity for them. If they survive it, they will pull more customers. 5 Likes |
Re: MBA Forex Unable To Pay Investors In December by brownemmanuel43(m): 12:45pm On Dec 24, 2020 |
Sysdatek:U are one of the few sensible fellows that knows how this stuffs works. Either learn it or copy trading, as simple as that |
Re: MBA Forex Unable To Pay Investors In December by Theoutsider: 12:46pm On Dec 24, 2020 |
SavageResponse: ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: MBA Forex Unable To Pay Investors In December by sammhi(m): 12:46pm On Dec 24, 2020 |
omojesu202:You obviously don't knwo how the banks and financial system works If 50% of those who have their money in a bank que up today to demand for all of their money , that bank would collapse . Their j strength lies on investors fund . GTB was not willing to pay innoson just 13bn instead teju said he should use it to buy shares Let me educate you : if MBA has 30bn in the bank , the banks pays MBA interest on it Now some of those funds would be held in USd and some in forex market to hold their position as a trader . They can easily pay ROI but not capital because most of the investors money are not held in liquid but in instruments ..... Same applies to even banks At a point, MBA may have more money than what some of these banks have and that it is a big problem . Thats one reason they can't use one bank . In such a case they won't even be able to meet the Demand for ROI by MBA Am not saying this is what happens but it can happen MBA says 8 banks closed their accounts .....Probably for many reasons but surely if 8 banks should close MBA accounts , they would run into problem. 1 Like |
Re: MBA Forex Unable To Pay Investors In December by boyjo: 12:46pm On Dec 24, 2020 |
RealEzee: Bros I believe you say na glitch. Abeg make una pay as you have done till now. |
Re: MBA Forex Unable To Pay Investors In December by emmanuelewumi(m): 12:46pm On Dec 24, 2020 |
RealEzee: Zenith Bank made a profit after tax of over N200 billion in 2019, the shareholders fund of the bank is over N1 Trillion, total deposits is about N6 Trillion How much is MBA money that will crash the banking system? 8 Likes |
Re: MBA Forex Unable To Pay Investors In December by boyjo: 12:50pm On Dec 24, 2020 |
Feggie3: Lol, abi o at emboldened. Thank GOD for you. But e dey do me like say them go still pay everybody.. You na small detective sha ![]() So you wan leave us for here travel? |
Re: MBA Forex Unable To Pay Investors In December by general111(m): 12:50pm On Dec 24, 2020 |
MyGeneration:wow.it means you must be a guru already... Just trade for yourself first.when people see that you are doing well, they will naturally want you to trade for them.. Afterall, forex cannot crash.. I am thinking about taking up trading for a microfinance bank next year..leta just see how this whole thing ends... Because the way it is going, banks will be in need of forex traders soon. |
Re: MBA Forex Unable To Pay Investors In December by Theoutsider: 12:53pm On Dec 24, 2020 |
RealEzee: Jesus ![]() ![]() ![]() ![]() ![]() ![]() Because if you are getting 30% they have to be getting 70% and its just not realistic. You are only processing on the peanut part of the brain. Put money in ![]() ![]() |
Re: MBA Forex Unable To Pay Investors In December by sammhi(m): 12:54pm On Dec 24, 2020 |
ethicallyright:What you wrote makes a lot of sense But you mistaken one aspect : You expect that MBA would only use investors money to trade forex only ..No financial institution will only trade forex or one deal on 9n trade. Banks use your deposit to trade forex , loans, buy shares , buy bonds , etc With amount of money MBA has , it won't get involved in jsut forex, they may have diversity into other businesses ...It same all over Dangote has sugar, cement , etc But started with just one .... |
Re: MBA Forex Unable To Pay Investors In December by sammhi(m): 12:55pm On Dec 24, 2020 |
ethicallyright:What you wrote makes a lot of sense But you mistaken one aspect : You expect that MBA would only use investors money to trade forex only ..No financial institution will only trade forex or one deal on one trade. Banks use your deposit to trade forex , loans, buy shares , buy bonds , etc With amount of money MBA has , it won't get involved in jsut forex, they may have diversity into other businesses ...It same all over Dangote has sugar, cement , etc But started with just one .... |
Re: MBA Forex Unable To Pay Investors In December by Nobody: 12:56pm On Dec 24, 2020 |
sammhi:Check my second paragraph you quoted again. I told you that their major trade was forex and gambling but not limited to that. 2 Likes |
Re: MBA Forex Unable To Pay Investors In December by afroxyz: 12:57pm On Dec 24, 2020 |
MyGeneration:All you have stated are features of a Ponzi scheme. I dont have problem withdrawing their money. MBA claims to be trading forex with returns. So what happened to their returns? If you are making profit then that means the capital of your investors are safe. So why cant they pay people back their capital? You guys should move on. It is experience. Use it and make better investment decisions in the future. |
Re: MBA Forex Unable To Pay Investors In December by CsRockefeller(m): 12:58pm On Dec 24, 2020 |
general111: O boy! See d biggest fool on earth right now. You are a dump old man. |
Re: MBA Forex Unable To Pay Investors In December by sammhi(m): 1:00pm On Dec 24, 2020 |
Theoutsider:MBA does not pay 30% . The highest is 15% which is still high Not all investors fund goes into trading.....Some are used for even office running and paying salaries but is compensated by profit they make Most people commenting don't even understand how organization works or how banks works Why is banks sending out marketers on a daily basis ? When you withdraw from bank , don't you know is another person deposit they gave you ? MBA is not doing anything different...They have issues probably because they are not regulated and govt want to crash them ...One possibility Not every business in crisis is because of fraud |
Re: MBA Forex Unable To Pay Investors In December by Bishop1monte(m): 1:02pm On Dec 24, 2020 |
There's one called called brisk capital they give 90% ROI |
Re: MBA Forex Unable To Pay Investors In December by Myer(m): 1:03pm On Dec 24, 2020 |
Belexy95: A proof of payment won't be too much to ask. Mind sharing? Of course clear any personal details you don't want to share. |
Re: MBA Forex Unable To Pay Investors In December by Feggie3: 1:03pm On Dec 24, 2020 |
boyjo:Bro with what am earning here am gonna earn x10 of it with lesser time to spend at work. I also need to have a change of environment and interact with people with different broader mentality.... It has a great toll on one's mental psyche. Abeg Naija na see finish... 1 Like |
Re: MBA Forex Unable To Pay Investors In December by Willie2015: 1:04pm On Dec 24, 2020 |
sammhi: It is wrong to compare MBA Forex with Financial Institution.. MBA Forex is a private coy.... while Banks are regulated by CBN.. There are restrictions on what banks can do.... Dangote is quoted on the Stock Exchange... There are requirements for you to be listed...... Who regulates MBA Forex.... How do you know what they are using investors money for... 4 Likes |
Re: MBA Forex Unable To Pay Investors In December by PervertProphet: 1:07pm On Dec 24, 2020 |
sammhi: ![]() ![]() ![]() ![]() ![]() Classic MMM Orientation. Mugus will always fall. |
Re: MBA Forex Unable To Pay Investors In December by sammhi(m): 1:08pm On Dec 24, 2020 |
ethicallyright:That's y I said most of what you wrote makes sense . Banks are also semi Ponzi going by your definition. Banks are able to stay afloat because most times, Govt nil them out through loans from CBN. Some banks even go to another bank to borrow money in order to pay customers or meet other demand. But are shielded because of cBn If MBA has issues , They are unregulated and so can't get govt help . They may need time to stabilize which is what I think they are doing . It has nothing to do with ROI they pay . |
Re: MBA Forex Unable To Pay Investors In December by Myer(m): 1:08pm On Dec 24, 2020 |
general111: Why are you making excuses for them? MBAForex has never at any point claimed their inability to pay was as a result of govt limitation. Their claim is that it is due to their merger with a software coy. What is interesting is how they keep postponing doomsday. At first they told their investors the delay is btw 14-21 days, when the date came, the postponed it to a month. When that came, they claimed that only investors that have been verified on their new online platform are being paid. When people started updating their online accounts now they're claiming January If this isnt another MMM, I wonder why it is looking very much like it. 4 Likes |
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