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"UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC - Education - Nairaland

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"UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by straneur(m): 7:24am On Jan 15, 2017
The Vice Chancellor of Osun State University, Prof. Labode Popoola, said on Saturday that the institution would collect the over N2bn debt students owe it whether they are able to recoup their money invested in the Mavrodi Mondial Moneybox or not.

Popoola said, “Some of them (students) used their school fees to invest in MMM. But whether MMM comes back or not, it is their headache. I have told them that we are not going to open the portal. If I see that a critical mass of the students pay, then we will decide to open the portal just for about 48 hours. But they must pay first.



“This is how we accumulated a debt profile of over N2bn, we cannot continue this way. They just have to pay the money.”

But MMM ‘investors’ have not been able to get their money back as of the time of filing this report.

In a chat with an MMM representative, one Juliana ‘Consultant’, told one of our correspondents that payment had not begun on Saturday but that the scheme would “pay soon.”

“Some accounts are frozen and ‘GH’ have commenced,” she said.


http://punchng.com/mmm-students-must-pay-n2bn-debt-says-uniosun-vc/

3 Likes

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by Unionised(m): 7:25am On Jan 15, 2017
Silly.

So every debtor is now related to MMM?

Yeye dey smell.

Close the school down na.

75 Likes 3 Shares

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by freeze001(f): 7:30am On Jan 15, 2017
When idiots have failed in their responsibility they look for whom to blame..MMM is now the scapegoat.

46 Likes 2 Shares

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by Nobody: 7:31am On Jan 15, 2017
Unionised:
Silly.

So every debtor is now related to MMM?

Yeye dey smell.

Close the school down na.
don't mind the zombie, all these useless bloggers looking for useless traffic with mmm keyword, investors king my yansh. U know nothing about investment!!!!

25 Likes

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by straneur(m): 8:47am On Jan 15, 2017
Lol @ lofty900 Happy Sunday.
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by Noblesoul123: 8:58am On Jan 15, 2017
See the VC face like debt collector sef!

Meanwhile, ......

5 Likes 1 Share

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by mrphysics(m): 8:59am On Jan 15, 2017
This man just lost his sense of reasoning if he actually said this

3 Likes

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by wildchild1: 8:59am On Jan 15, 2017
Lmao

Check my signature
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by ojimbo(m): 8:59am On Jan 15, 2017
The gods must be crazy

59 Likes 7 Shares

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by willian10: 9:00am On Jan 15, 2017
grin grin grin grin grin

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by enitanpopoola(m): 9:00am On Jan 15, 2017
I can bet that this VC also invested in MMM

23 Likes

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by Nobody: 9:00am On Jan 15, 2017
grin
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by justi4jesu(f): 9:00am On Jan 15, 2017
Meaningless
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by mrmaze(m): 9:00am On Jan 15, 2017
Funny
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by Horlawale1(m): 9:00am On Jan 15, 2017
Lolx, wonder shall never end
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by 2tek: 9:00am On Jan 15, 2017
another mmm post.

2tek replies an MMM hater---maclatunji

The following are my questions to the subscribers to MMM popularly called Mavrodians.
here are the answers from my understanding.

1. Where do you think the money you are collecting through MMM is coming from?

MMM claims not to be a business and not an investment, so where do you think the 30% return which excites you so much is coming from?

ANSWER:the 30% comes from traffic generated from the website,money donated by new members, money re-donated by old members and help from other countries. it is ALMOST IMPOSSIBLE for ALL these 4 conditions not to occur. MARK ZUCKERBERG, the owner of Facebook is the 5th or 6th richest in the world and one of the ways he gets his money is through traffic generated by Facebook. MMM is currently in over 120 countries of the world with over 200 million participants.

2. Do you know what a Ponzi scheme is?

I have to ask this question because of those who defend MMM with the claim that they have made money from it. To be the clear, a minority will make money from Ponzi schemes being the early adopters that help to create the exponential growth. However, the latter subscribers are the ones that lose greatly. If you understand this, you will not present this argument as evidence for MMM not being a fraud.

ANSWER:BIG LIE.The early adopters will pay the newcomers. the next set of newcomers will pay the early adopters and it continues like that. its a circle that will never end. Money is redistributed among members of MMM on the principle of gratuitousness, benevolence and reciprocity. MMM members donate FREELY to each other. Nobody was forced to join MMM. We are aware of the risks both implicit and explicit. No man has ever succeeded financially without taking CALCULATED RISKS.

3. Where did you get the money you invested in MMM from?

You could not use that money in any legitimate business?

I ask this question because many MMM subscribers behave as if they were incapable of earning money before MMM came.

ANSWER:A good number of MMM subscribers are gainfully employed and have normal businesses. Remember, There is nothing wrong in having an alternative source of income. Remember, we have DANGOTE CEMENT, DANGOTE SUGAR, DANGOTE RICE FARM and now in the pipeline - DANGOTE REFINERY.

4. Is it that you don’t understand that governments across the world are duty-bound not to allow a Ponzi scheme started by an ex-convict that has scammed people across the world operate freely within their countries?

This one is self-explanatory, Sergey Mavrodi the main brain behind MMM is an ex-convict. He got convicted for scamming Russians with a precursor scheme to MMM.

[b]ANSWER: Point of correction-MMM has never defrauded anyone. MMM became so popular in RUSSIA and was controlling one third of the total money in russia at a time, so the government became jealous and decided to loot the peoples money using 17 trucks to carry/loot cash from MMM OFFICES. That is the main reason MMM doesn't have a CENTRAL ACCOUNT where money can easily be stolen.The government of Russia defrauded the participants,not MMM. They claimed SERGEI MAVRODI/MMM evaded tax but MMM/SERGEI MAVRODI stood his ground telling/educating the government oppressors that MMM is not a business that should pay tax. MMM is just a community of people donating/helping each other with their spare cash. DO you pax tax to the government on the spare money you donate to your brother or neighbour or give out as charity? MMM has come to destroy the current unfair and unjust financial world order/institutions, so don't expect the government,CBN,SEC, etc to be happy. MMM has come to liberate people from financial bondage and servitude. The financial APOCALYPSE is inevitable. MMM servers(cloud servers) are not located in NIGERIA, so the government CAN NOT STOP MMM. the same way the government can not stop facebook,youtube,twitter etc.[/b]


5. Explain how MMM is a revolutionary idea that commercial banking should be afraid of?

MMM subcribers are quick to tag banks as stealing from their customers while MMM is the solution for the masses. Curiously enough, they pay into each other’s bank accounts; curious to say the least.

ANSWER:MMM gives 30% every 30days which the banks CAN NOT give. MMM gives 10% referral bonus. NO serious MMM participant will take loan from any bank again. No serious MMM participant will maintain any fixed deposit in the bank again. No serious MMM participant will buy any dubious, non performing shares again.


6. Do you understand that wealth is created based on the value you create not through this system operated by a few people to rob people of their money while leaving them in the lurch?

Let us say all of us joined MMM, where would productive output come from?

ANSWER: MMM does not stop anyone who is serious from being productive. MMM will in fact assist to provide the financial boost needed for people to be more productive. MANY MMM participants are gainfully employed and engage in various productive businesses and entrepreneurial ventures.


7. Did you anticipate that your ‘investment’ (sorry, your ‘Mavros’) could be frozen without you having any say on what happens next?

I am sure many ‘Mavrodians’ did not expect this December debacle, but we are here.

ANSWER: PAUSE MODE/FREEZING OF ACCOUNTS is one of the strategies employed by MMM for STABILITY AND SUSTAINABILITY. its not a new strategy, only those who didn't read/research well about MMM will claim ignorance. THe number of participants GHing*(getting help or withdrawing money) from the system should balance with the number of participants PHing*(providing help or depositing money) otherwise a PAUSE MODE is activated which normally lasts from 1-2months. MMM has lasted for 5years in its current form since 2011, and that is one of the strategies adopted over the years. it was adopted in south africa and zimbabwe and the MMM in both countries is doing fine now. Even banks couldn't pay many customers this PAST festive season. ATMs were dried, with no cash in them for people during yuletide season. Is that not a form of PAUSE MODE?


8. Do you agree that as a promoter of the scheme, you are quite dubious because you are seeking to reap bountifully at the expense of others when the scheme crashes?

Note I wrote ‘when’ not ‘if’

ANSWER: OGA, MMM CAN NOT and i repeat CAN NOT crash. The worst that can happen is a pause mode/re-start. A pause mode is not a crash. my people perish for lack of knowledge. It is easier for a camel to pass through the eye of the needle than for MMM to crash. MMM is an ideology. MMM is like religion, religion CAN NOT CRASH. The day an individual dies, his own MMM or religion has CRASHED. Everybody in the world CAN NOT die at the same time.In a pause mode, MMM will manually calculate how much each individual has earned from the system, those who have made 'profit' already and 'rich' will have their old mavros/money frozen and released gradually, but the poor,newcomers or 1st timers will be queued up to be paid first by the system followed by others. thereby ensuring that NOBODY looses money. and the system PH/GH RATIO will balance in time.

9. Do you not worry that you could have a hand in the death or grievous harm happening to people who could lose money from MMM and become suicidal?

We already have reports of some people taking poison because their money got frozen this December.

ANSWER: MMM is sincere and transparent, hence the WARNING to ALL participants to participate with their spare money. This is CLEARLY WRITTEN on the programs website home page. MMM participants are adults responsible for their actions.

10. Do you understand that you are effectively using time that you could use for productive activity to promote a questionable scheme at best?

If you understand that time lost is irrecoverable, why waste it?

ANSWER: MMM is not a questionable scheme. MMM is an ideology that is changing lives of millions of people around the world. MMM is bridging the gap between the rich and the poor. If any adult decides to dedicate few hours or days to donate his/her spare money to charity or a neighbour in need, or teach people how to do same, do u consider that wasteful? MMM is helping humanity, that is CERTAINLY NOT WASTEFUL.

Your answers and feedback are quite welcome.

Source: http://www.opinions.ng/top-10-questions-mmm-subscribers-mavrodians-answer/

18 Likes 4 Shares

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by soldierdollar(m): 9:00am On Jan 15, 2017
grin

It is still the same unfortunate students that will attack you when you write anything against MMM. They worship Mavrodi and liken him to a good.
Have you all seen it? People's money are trapped in MMM but one zombie will come out and shout ,"long live MMM" ,"together , we change the world " . I guess Mavrodi is changing it for them grin

15 Likes

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by adewumiopeyemi(m): 9:00am On Jan 15, 2017
Ok see what mmm have cause

1 Like

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by ogawisdom(m): 9:01am On Jan 15, 2017
All these copy n paste profs self
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by snowland(m): 9:01am On Jan 15, 2017
Alright. Smart Students
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by Atiku2019: 9:01am On Jan 15, 2017
grin grin grin grin

14 Likes 1 Share

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by samyyoung(m): 9:01am On Jan 15, 2017
Just transfer them to mmm university, at least, they av paid their fee.

4 Likes

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by AntiWailer: 9:01am On Jan 15, 2017
Sad.

VC saying this.

1 Like

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by Turks: 9:02am On Jan 15, 2017
It takes one to know one.




The VC sef musta invested in that Ponzi scheme alongside some of the students he's close to.
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by gbegemaster(m): 9:02am On Jan 15, 2017
As much I dislike MMM, it's not logical to blame it for the entire debt owed to the school. He mostly focused on MMM as if the student money reach 1bn for there.

4 Likes

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by Dindondin(m): 9:02am On Jan 15, 2017
lmao

1 Like

Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by EddyNumerouno(m): 9:03am On Jan 15, 2017
Lubbish
Re: "UNIOSUN Students Invested Their Fees In MMM, They Must Pay N2bn Debt" - VC by charlesadams926(m): 9:04am On Jan 15, 2017
ojimbo:
The gods must be crazy
cool NA 9:15 SURE PASS!![b][/b]

7 Likes

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