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CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank - Investment (8) - Nairaland

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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 unite4real: 9:37am On Sep 16, 2016
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by djblue007(m): 9:38am On Sep 16, 2016
Valendo:


There is no recession in the land. Get that into your head. If can not tell me how your company makes 30 percent legitimately, then your business is for a while. For your information, I am a network marketer. I know what I am saying. It is left for anyone to make his or her decison
It's obvious you are one of the corrupt leaders or one of their heirs. Even babies can even feel the recession in the land. I can't stop to be amazed for a learned person to open his mouth and say there is currently no recession in the land......... Just search this forum well I have posted how the 30% is generated through crowd funding. Mind you we are not profit driven. We work to make people have a fair financial world.
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 9:39am On Sep 16, 2016
mayoor15:
Financial institutions you said are the ones running our economy...have friends too that have made a lot from MMM...But to be sincere with ourselves we are killing our economy more than APC is doing....No jobs....No money...Sacking everywhere...no salary....all circles round d fact that our financial institutions don't have money....
HW HAS D FINANCIAL INSTITUTION IMPROVED D LIFE OF D COMMON MAN OVER D YRS?THEY ARE D BIGGEST SCAM OF D CENTURY
THEY CRUCIFY MMM YET THEY PLAY AND PROMOTE NAIRABET THAT HAS MADE MANY TO COMMIT SUCIDE
YEYE MOFOS

1 Like

Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by globalresource: 9:44am On Sep 16, 2016
CBN is a SCAM
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by djblue007(m): 9:44am On Sep 16, 2016
djblue007:
*The MYSTIFIED 30% in MMM. How to Understand It.*



THE MYSTIFIED 30% How to understand it.

Its important you all understand this concept so much that you can easily explain it to others.


Let's look at it from this practical point of view,99% of us here have bank account. Right? Good.


We put our money in the bank because we Trust its safe there What do u think is the % of people who put their money in Banks?

Do you know How many % of people in Nigeria has an account with First Bank?

Yes you guess right!

Let's say 70% of Nigerians.

That's about more than 50million Nigerians. And Among these people are


The Poor
Middle class
and Business men
Companies


Among this set of people are those who deposit their money in bank at different intervals
and different amount.

Right?

And they withdraw at different intervals and different amount.


That means If you deposit 200k Another person deposit 1million,Another deposit 2k,Another deposit 500k,Wenever you are withdrawing your 200k, Someone's elsewhere is depositing a huge amounts.


To supplement ur 200k withdrawal. And this circle continued on and on.
And becos of the population of people using the bank and different set of cash and different time of deposit and withdrawal


There is 100% chances that you must get your money withdrawn whenever you need it.


Anytime u go to bank to withdraw money
That's the principle MMM is also using
Its called *Crowd Funding*.


The power of crowd funding, Banks And all financial institutions use the principle,That's is why the owner of this Banks are filty rich.


Where do you Think Bank Gets money they loan out

( Yes our Money) You evidently give bank your money when you and all those who have account with the bank Crowd Fund(Deposition Remember I want to make this more practical.


Look at this illustration, illustration U have 1million naira,U went to the bank And put it in a fixed deposit account With interest of 12% per year. U are happy As u leave the bank



The business man comes And requests to use your 1million for business. Same bank charges him 35% He agreed. Went to do business with your money and makes profit



Pays the bank your 1million +35% At the end of the year you came and collected 12% Who is the fool among the 3?.

And who is the king?

They all get paid but one of them is the king. The Bank
The *B A N K*.



Now the bank collects our money. And loan it out to business men and make lots of money to pay d staff and enrich his life. What happens to you the depositor. You get Nothing

Not even 1% of your deposit.


Now MMM says No. Because of this unfair financial system.Sergie Mavrodi thought it necessary to look at the financial system and realized that, Banks survive because of the continuous deposit and withdrawal of cash,At different intervals


And because of the population of people who have an account with the bank. Sergey Mavrodi decided that even bank with that principle can even give us 50% of our money monthly but they won't do it


. The principle of crowd funding enables the bank to even give us more interest on our money monthly and nothing will happen. But because of the unfair financial system in place they will never do it.


He realized that if we can come together. Like those population with bank account example I gave earlier .If We can copy the same principle bank and financial institutions use to flourish, We can do a lot .


All it takes is just the Redistribution of cash flows. And the IDeology in MMM.


The system provides that redistribution.And with a great community with same goal and mindset it can be achieved.


Are you u guys getting where I am heading to?.


Because people deposit at different times Banks lives on


Because people PH in MMM different times. MMM lives on


Because people withdraw in bank at different times. Banks Lives on


Because people GH in MMM different times. MMM lives on


Because of the influx of PH and GH regular PH and GH there will always be 30% to Pay to everyone .


Because of Regular Deposit and Withdrawal at different times and different amount there must always be money to withdraw in banks.


What if everyone match to bank and withdraw their money same time same day what do you think will happen?

Bank will collapse
Same thing in MMM

If every one GH at the same time MMM won't stand for long.


So it's our responsibility to keep this community strong through regular PH and GH.
The same principle Holds Bank and other financial bodies.

*MAVRODIAN SOLUTION* *LETS KEEP THE FLAME BURNING TILL WE SET OURSELVES FREE FROM THIS WORLD'S FINANCIAL ENSLAVEMENT AND MAKE ALL THE LAND GREEN IN MAVRODIAN BLOOD*........ _my hair down to my toes are green. *WE SAY NO TO THE UNJUST GOVT OF OUR TIME AS WE COME TOGETHER TO BETTER OUR LIVES*

2 Likes

Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 9:46am On Sep 16, 2016
Pierocash:

HW HAS D FINANCIAL INSTITUTION IMPROVED D LIFE OF D COMMON MAN OVER D YRS?THEY ARE D BIGGEST SCAM OF D CENTURY
THEY CRUCIFY MMM YET THEY PLAY AND PROMOTE NAIRABET THAT HAS MADE MANY TO COMMIT SUCIDE
YEYE MOFOS
same way MMM will force people to in the nearest future....Common man you claim, had jobs dey do...ppl DT own d jobs borrow money to finance der business thus able to employ and pay salary.....Farmers get loan if you have collateral though..you are able to produce, sell and even export,...these were things that maintained the economy....many ppl think in the line that banks are cheating us, this may be true, but to me, its better than a scheme that keeps destroying the economy silently and there are no guarantees of its standing the test of time.....People claim it has been in Nigeria since 2011...but it 100% of people I know doing it started this year....How will something be in a country like Nigeria for over 4 years without people knowing it early enough....
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Goodgate111(f): 9:47am On Sep 16, 2016
cooldudeng:
Another Ponzi scheme

What the adocates have failed to explain is how the system generate the 30% that it pays out.

Even the economy isn't growing 30%

On this, I will gladly pass!
The question is where does the 30% interest come from since MMM does not collect our monies? Good, the 30% interest comes from us the participants. How? Through regular activity of Providing Help (PH) and Getting Help (GH) and the added inflow of new members. So why does MMM have to rely on this? Well, as we all know, no business on earth can sell off an empty shelf, so the way a business relies on sales to pay off expenses, wage bills, etc; that is the same way the PH + GH activities are so vital and quintessential to MMM as a community. They are the oil that lubricates the mechanism (MMM). Additionally, because the business is internet-facilitated, the resultant internet traffic so generated is enough to make Mr Mavro remain in business. (You can ask Linda Ikeji and Mark Zuckerberg about the power of internet traffic- Google pays a lot of bucks for this traffic) Funny enough this is how financial institutions (banks) operate but their's is Centralized, while here in MMM, it is Decentralized simply for the participants to enjoy.
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by TaiwoLapi: 9:48am On Sep 16, 2016
slightlyMad:
by the time it folds up, some will loose so much that suicide will be the obvious way out

Ignorance is a disease, do you know that you can't use more than 3.2 million on MMM? Do you think people can lose as much as people lost when the shares crashed? I know people who took bank loan to buy shares then and were later been chased around by the banks. Pls lets face the reality, you people('Cos I know you must be a banker) had prey on our gullibility for long, living large on people's money and giving then peanuts, anyways people are wiser now.
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 9:48am On Sep 16, 2016
Indicators of it crashing are there already....Why is it taking longer for the machine to pair people to PH to or GH from.. and while is the circle really more than 30days...MMM experts...please answer...

2 Likes

Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 9:51am On Sep 16, 2016
Temidayo9:

A time will come that MMM will match all those that PH to themself, and the site will shutdown automatically.
Mark my word. But now enjoy it the way am enjoying it too

HAHAHA!PEOPLE SOUND FUNNY,MMM WIL JOIN ALL OVER 500 HUNDREE THOUSAND PARTICIPANT AND RUN AWAY?HAHAHAHA!A PLATFORM THAT EXIST IN OVER 118 COUNTRIES WIL SHUT DOWN OPERATION IN NAIJA?
MMM NIGERIA HAS COME TO STAY AND NOTHING ANYONE CN DO ABT IT
THIS IS HOW THEY ATTACKED BITCOIN WHN IT WS FIRST INTRODUCED IN NIGERIA IN 2009,TODAY GO AND CHECK HW MCH A BITCOIN IS WORTH.
THANKS FOR D CONCERN ANYWAY

2 Likes

Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by okpanachi09: 9:58am On Sep 16, 2016
The aim of mmm is to crumble the activities of financial institutions which are seem dubious in every sense of the word. yes, mmm is a pyramid scheme but it's is real and fair enough cus the founders have learnt from previous mistakes. it isn't gonna close any time soon but if it does the founders will definitely alert members as was done in Russia few years ago. PS: we shouldn't be greedy cus that is only going to be the closure of this amazing platform
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Compliant(m): 10:00am On Sep 16, 2016
I TOTALLY AGREE WITH PEOPLE SAYING MMM IS NOT A BANK BUT I WANT JUST 1 PERSON AMONG THE MMM PARTICIPANT TO TELL ME WHERE THE 30% INTEREST IS COMING FROM SINCE MMM HAS NO CENTRAL ACCOUNT AND YOU JUST PROVIDE HELP
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by femakin(m): 10:05am On Sep 16, 2016
Can a bank in Nigeria ever give 30% interest? So what has cbn come to do with mmm? It's better to go these commercial bank to start giving 30% interest
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:07am On Sep 16, 2016
okpanachi09:
The aim of mmm is to crumble the activities of financial institutions which are seem dubious in every sense of the word. yes, mmm is a pyramid scheme but it's is real and fair enough cus the founders have learnt from previous mistakes. it isn't gonna close any time soon but if it does the founders will definitely alert members as was done in Russia few years ago. PS: we shouldn't be greedy cus that is only going to be the closure of this amazing platform
My question is people especially the southerners blame buhari for implementing TSA is now affecting our financial institution, leading us to where we are now....Now MMM according to you is sole aimed at crumbling the financial institutions further...who lose at the end of the day....NIGERIANS....MMM initiators won't be affected...But when our Economy totally crashes nobody will be there to help us....Then we will leave recession to depression...God help Nigeria
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by wizkidblogger(f): 10:07am On Sep 16, 2016
MMM Zimbabwe and South Africa have crashed. Google it.

MMM Nigeria will soon crash.

1 Like

Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:08am On Sep 16, 2016
mayoor15:
Indicators of it crashing are there already....Why is it taking longer for the machine to pair people to PH to or GH from.. and while is the circle really more than 30days...MMM experts...please answer...
THAT IS A SURE PROOF THAT D SYSTEM IS HEALTHY,MORE PARTICIPANT EQUALS MORE MONEY IN D SYSTEM.MORE PEOPLE ARE PARTICIPATING THAT IS WHY IT TAKES LONGER TO MATCHED BECAUSE THOSE PUTTING IN MONEY ARE MORE THAN THOSE WITHDRAWING

2 Likes

Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:11am On Sep 16, 2016
Pierocash:

THAT IS A SURE PROOF THAT D SYSTEM IS HEALTHY,MORE PARTICIPANT EQUALS MORE MONEY IN D SYSTEM.MORE PEOPLE ARE PARTICIPATING THAT IS WHY IT TAKES LONGER TO MATCHED BECAUSE THOSE PUTTING IN MONEY ARE MORE THAN THOSE WITHDRAWING
No equilibrium..no balance in PH and GH and you call that healthy...a point will come when people will refuse to put money in because people are not able to get money out on tume..

1 Like 1 Share

Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by 4peace(m): 10:11am On Sep 16, 2016
Pierocash:

POINT ME ONE SINGLE COUNTRY OVER D YRS THAT MMM HAS DEFRAUDED THEN COME BACK TO UPDATE ME.
THEY CONDEMN MMM YET THEY PLAY AND PROMOTE NAIRABET,THEY EVN GRANT THEM LISENCE.
YEYE PEOPLE

МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1000%. It is unclear whether a Ponzi scheme was the initial intention, as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export.

https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

1 Like

Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Nobody: 10:12am On Sep 16, 2016
Shut up ur dirty mouth, you wont hear now, hope you remember pennywise of those days?what happen at the end?
Pvin:
MMM is still paying...one can't just fold hands
and be waiting for govt to do something about
the economy.
Man's needs to survive oh.
by the way, y government no see bet9ja close.
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by eluquenson(m): 10:12am On Sep 16, 2016
Vaxt:
C B N = Corruption Bank for Nigerians
Corrupt Bank of Nigeria

Started corruption in Nigeria since 1914
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:12am On Sep 16, 2016
mayoor15:
same way MMM will force people to in the nearest future....Common man you claim, had jobs dey do...ppl DT own d jobs borrow money to finance der business thus able to employ and pay salary.....Farmers get loan if you have collateral though..you are able to produce, sell and even export,...these were things that maintained the economy....many ppl think in the line that banks are cheating us, this may be true, but to me, its better than a scheme that keeps destroying the economy silently and there are no guarantees of its standing the test of time.....People claim it has been in Nigeria since 2011...but it 100% of people I know doing it started this year....How will something be in a country like Nigeria for over 4 years without people knowing it early enough....
AND WHOSE MONEY R THEY BORROWING?IT IS OUR MONEY WHICH WE DEPOSITED IN BANKS THAT THEY BORROW PEOPLE WITH HUGE INTEREST WHILE D DEPOSITOR BECOMES D FOOL
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:15am On Sep 16, 2016
Pierocash:

AND WHOSE MONEY R THEY BORROWING?IT IS OUR MONEY WHICH WE DEPOSITED IN BANKS THAT THEY BORROW PEOPLE WITH HUGE INTEREST WHILE D DEPOSITOR BECOMES D FOOL
yes its our money, but you have jobs, your family has jobs....you get things cheap and when you need it not how tinz are now...banks play a great role in sourcing finance for people...datz how d economy roll...but we don't have DT again
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:15am On Sep 16, 2016
mayoor15:
same way MMM will force people to in the nearest future....Common man you claim, had jobs dey do...ppl DT own d jobs borrow money to finance der business thus able to employ and pay salary.....Farmers get loan if you have collateral though..you are able to produce, sell and even export,...these were things that maintained the economy....many ppl think in the line that banks are cheating us, this may be true, but to me, its better than a scheme that keeps destroying the economy silently and there are no guarantees of its standing the test of time.....People claim it has been in Nigeria since 2011...but it 100% of people I know doing it started this year....How will something be in a country like Nigeria for over 4 years without people knowing it early enough....
MMM HAS BEEN OPERATING FOR 4 YRS IN 118 COUNTRIES BUT CAME TO NIGERIA JANUARY 2016
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by ishiamu(m): 10:17am On Sep 16, 2016
zikter:
but the proponents say mmm does not have access to peoples money, that u pay straight to a members acct. the thing is confusing. if just someone backing the scheme, who is sensible can just come forward and clarify this

forget that english they use... why is Russian not doing MMM again after the man took their money and went to jai for tax fraud... why is banned in China? and why was it banned in south Africa?? people that are enjoying it now should enjoy it while it last... when the demand gets high then the cost will surface... who gives 30% for free are they fada christmas??
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Nobody: 10:18am On Sep 16, 2016
Google what MMM did to south africans. Use ur brain.
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:18am On Sep 16, 2016
Are Nigerians just knowing that banks have been cheating us since time immemorial..part of those schemes plan to sway people to them
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by Pierocash(m): 10:20am On Sep 16, 2016
mayoor15:
yes its our money, but you have jobs, your family has jobs....you get things cheap and when you need it not how tinz are now...banks play a great role in sourcing finance for people...datz how d economy roll...but we don't have DT again
THAT IS D SAME THING MMM IS DOING,THAT IS D PRINCIPLE OF CROWD FUNDING.WHAT IS ECONOMY?D PEOPLE IS D ECONOMY.JOIN MMM NW AND FREE YOURSELF FROM THIS UNJUST FINANCIAL SYSTEM
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:20am On Sep 16, 2016
Pierocash:

MMM HAS BEEN OPERATING FOR 4 YRS IN 118 COUNTRIES BUT CAME TO NIGERIA JANUARY 2016
nope bro...even on their site...you see people testifying to make Money since 2011...its 2011 not 2016....
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by mayoor15(m): 10:21am On Sep 16, 2016
Pierocash:

THAT IS D SAME THING MMM IS DOING,THAT IS D PRINCIPLE OF CROWD FUNDING.WHAT IS ECONOMY?D PEOPLE IS D ECONOMY.JOIN MMM NW AND FREE YOURSELF FROM THIS UNJUST FINANCIAL SYSTEM
really...how has MMM participants relieved d country during this recession period
Re: CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank by globalresource: 10:21am On Sep 16, 2016
Idiots:
Google what MMM did to south africans. Use ur brain.

IT WAS NOT MMM, THE GOVERNMENT FIERCELY FOUGHT MMM SOUTH AFRICA.

NIGERIANS ARE TOUGH THOUGH. MMM HAS COME TO STAY

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