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'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" - Business (2) - Nairaland

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Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by haibe(m): 10:40am On Nov 01, 2016
nony43:
CBN is it your money? Is it your risk? Shebi na my money and risk, Abeg I was once criticizing mmm but now I am regretting not starting early, people b calling mmm a scam while our money grows like grass by the way I am ghing today
sure u will keep on making money as long as there are new investors but once investments cease, the scheme will crash. Usually its the latter investors than suffer this, so if u are just starting MMM, u are at a higher risk .

2 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 10:40am On Nov 01, 2016
grin grin grin grin


It starts sweet...



And ends...



3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by haywire07(m): 10:40am On Nov 01, 2016
Shatap!
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Daniel058(m): 10:40am On Nov 01, 2016
Be4 nko?
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by soberdrunk(m): 10:41am On Nov 01, 2016
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.

20 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by ademasta(m): 10:41am On Nov 01, 2016
babs01:
who cares?
Ask google
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by ddjay: 10:42am On Nov 01, 2016
Strange,if it's a scam,then why allow it,Strange! How can you call someone a thief and at the same time grant the person freedom to operate

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by ephi123(f): 10:42am On Nov 01, 2016
The fly that will enter the pit will not heed warning signs.

2 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by hadura29(m): 10:42am On Nov 01, 2016
Funlordjnr:




MMM? "Moving Mumus Money".... grin

Moku Mogbe Modaran. grin

1 Like 1 Share

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Kgdavid(m): 10:43am On Nov 01, 2016
nony43:
CBN is it your money? Is it your risk? Shebi na my money and risk, Abeg I was once criticizing mmm but now I am regretting not starting early, people b calling mmm a scam while our money grows like grass by the way I am ghing today

It is very much their risk o....if those MMM guys suddenly pull the plug tomorrow, not only will you suffer, the economy will hear "wheen"!

2 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Daltonnewton: 10:43am On Nov 01, 2016
I love this kind of scam, it enriches my pocket #idongetalertMMMwin

5 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Greataausim(m): 10:43am On Nov 01, 2016
Still yet some nigerians will not hear or see as a matured scam... I pity those idiot who pratonized them.
Jux watching how the scam wil go to dust with High blood pressures, Low sperm counts, running nose, running stomache, fevers, Low blood pressure e. t. c

5 Likes 1 Share

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by moffat(m): 10:44am On Nov 01, 2016
wait 1 second CBN wats ur problems, i think say our banks just decleared higest profit inside diz recession abi in depression

4 Likes 1 Share

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by nwajesus12(m): 10:45am On Nov 01, 2016
I see Mmm celebrating its 20years anniversary in Nigeria.,AMEN.

48 Likes 2 Shares

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by munas: 10:45am On Nov 01, 2016
Korrection:
I dont know why my mind is telling me that this MMM is a pyramid scheme....scam...I have been cajoled by friends severally to invest but my inner spirit is saying dont do it...I think i will have to stick to my mind and face my car and poultry business...

If you have a business,face it and leave MMM...its pure a pyramid scheme.
Thats why they give all sorts of incentives for people to bring in new memebers.
The live blood of MMM is new members...the day new people providing help is far less than the people requesting help,that is when it will collapse

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Barywhyte(m): 10:45am On Nov 01, 2016
Korrection:
I dont know why my mind is telling me that this MMM is a pyramid scheme....scam...I have been cajoled by friends severally to invest but my inner spirit is saying dont do it...I think i will have to stick to my mind and face my car and poultry business...

good luck to u and ur mind

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by winkmart: 10:45am On Nov 01, 2016
Leave usssssssssssssssssssssssssssssssssssss. For their mind MMM is the only Give help program? I pity this country without adequate database.

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by tolexy007(m): 10:46am On Nov 01, 2016
undecided
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by TenPassfour(m): 10:47am On Nov 01, 2016
What is the meaning of MMM?
Before I join.
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by totorimi: 10:47am On Nov 01, 2016
....See this people, your Keystone bank you claim is under your watch is where they are using for training, go and deal with that first and these are the new administrators they brought to turn around the bank grin grin grin grin grin grin grin grin grin
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by winkmart: 10:47am On Nov 01, 2016
[quote author=munas post=50675193]

If you have a business,face it and leave MMM...its pure a pyramid scheme.
Thats why they give all sorts of incentives for people to bring in new memebers.
The live blood of MMM is new members...the day new people providing help is far less than the people requesting help,that is when it will collapse[/quote

and that can never happen because even old members are pouring money

5 Likes 1 Share

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by youngzeal1: 10:47am On Nov 01, 2016
Foolish CBN,,,,, LONG LIVE MMM

11 Likes 2 Shares

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by munas: 10:48am On Nov 01, 2016
unclezuma:
grin grin grin grin


It starts sweet...



And ends...





I was old enough to know about Umana Umana...

lol...umana umana ws in PH...
It later came as plan well in benin and warri.

Later reappeared in ibadan as nospetus and the rest

Later reappeared in ughelli as forex traders

Now it has gone naation wide as MMM and many other off shoots are coming up

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by ewosk: 10:48am On Nov 01, 2016
Tabloids and Dailies wont leave MMM matter alone...

They are inadvertently giving MMM more publicity... and considering the state of the economy more people will join...

Let my mavro green jare lemme GH...

Am surviving on this wonderbank, Scam or whatever they call it for months now while on the Job hunt....who CBN epp undecided undecided undecided

13 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 10:48am On Nov 01, 2016
The rate at which CBN warn the public about this scheme.
Don't be surprise if the site is shut down in Nigeria.
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nellybii: 10:49am On Nov 01, 2016
unclezuma:
grin grin grin grin


It starts sweet...



And ends...




Yes ooo Portharcourt 1991/92 .Umana Umana
Now renamed MMM. Lol
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Sj11: 10:49am On Nov 01, 2016
CBN is 100% correct,you need ask people living in South Africa about this MMM they made away with people's money here without paying them...believe me if you want, is a big FRAUD..you can try it but i promise ..you will cry at the end

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Dyt(f): 10:49am On Nov 01, 2016
Ehn
Kilokanyi
Ahn ahn

Why una carry the matter for head and leaving una own responsibilities

undecided undecided
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Kassidy90(m): 10:49am On Nov 01, 2016
coollabman:


Yes! the CBN is a reputable government agency!



you'd be surprised the kind of power at the disposal of the government. they can go as far as making the MMM website inaccessible in Nigeria (since they have no physical address). Something similar was done in China!



Common be real! How and when has the Nigerian government scammed you?! MMM is still in its nascent stage (barely one year) in Nigeria! It will eventually grow so big and will burst like a bubble! dragging all of you hooked up to the system down the drain. That's why a ponzi scheme (that has a pyramid structure embedded in it) is dangerous. A few people make money and it appears to be legitimate for a while. Eventually more unsuspecting people join and it grows to a stage where it collapses. Causing those that join late in the lifespan of the scheme to loose money! that's why its a scam! MMM is a scam!
I won't say MMM is a scam but I would agree wit u if u say its risky....and as we all know not taking any risk at all is also very risky, in a nutshell lets enjoy it while it last personally I know it's gonna crash one day but not dis year...

11 Likes 1 Share

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