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MMM Has Done More Good Than Bad - Nairaland / General - Nairaland

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MMM Has Done More Good Than Bad by nacaz4real(m): 5:51am On Jan 07, 2017
The well known MMM scheme with its concepts and ideology spread like wildfire in 2016 causing a massive number of Nigerians to commit their cash in the system with a hope of a 30% return on investments and referral bonuses. Despite the current crisis rocking the scheme some participants and analyst have insisted that the MMM ideology is not only brilliant but realistic and achievable. Before we get too quick pushing the camel to the slaughter let us highlight some of the achievements of this system as pointed out by some participants;
Alternative Source Of Income
Since the inception of the Nigerian MMM community the system has had quite a sizable number of Nigerians from almost all works of life who had profited largely from the scheme, with some claiming to have been earning more than oil company workers and even purchasing cars and other properties from monies gotten from the scheme in 2016 alone. Although, many people argue that the scheme has left more people broke than it made more people rich.
Money Shuffle
It should be worthy of mention to note that the MMM effect caused quite a movement of cash as monies were moved from one account to the other. Whether this move was from more richer folks to poorer folks or from smatter/persuasive folks to slower/reluctant folks is still a matter of debate.
Indirect Income For Banks
The central ideology of MMM hinges on the extermination and takeover of the current world banking system which it perceives as corrupt and manipulative. However, one cannot help but notice the huge amounts of interbank transfers done in 2016, with about 3 million MMM participants in Nigeria alone and with transfer charges around N100per transfer, I honestly do not see any extermination after punching my calculator. Some have argued that with the scheme offering higher bonuses on use of bitcoins and the gradual embrace of cryptocurrencies, an annihilation of the current banking system may just not be a mirage but a gradual reality.
Promotion Of Unity
There are quite a handful people who hold a strong believe that the scheme has fostered more unity between Nigerians than the Nigerian government has. With some participants saying they provided monies and got monies from people of different ethnicities. And some members of the scheme providing support and relief material for internally displaced person and orphanage homes.

While interviewing an Abuja based participant he said "I have no regrets participating in the system, life is a risk and as an IT consultant I must acknowledge the efforts these guys put in promoting their ideology and making the system work through their platform and their constant knack for improvements is admirable. In fact everyone has a thing or two to learn form MMM, however, one cannot help but notice some minor flaws bugging the system. I will be sharing an opinion or advice which I am hoping would get to the super guider's who can implement this simple tool which may prove very useful in due time if implemented properly. NOTE: For this system to be in continuum guider's of all levels should PH30% of all confirmed referral bonuses before it will be unfrozen for GHing. This minor tweak to the system would not only salvage the current situation in the Nigerian MMM society but it would also prevent it's recurrence as a lot of Nigerian participants are eagerly waiting for the resumption of the scheme in January."
There you have it, MMM has done more good than bad, what do you think?

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Re: MMM Has Done More Good Than Bad by comfortchemical: 6:10am On Jan 07, 2017
MMM is the way. I have no fear, its a risk worth taking. MMM has done more for me than this government.
Re: MMM Has Done More Good Than Bad by Austa20: 6:12am On Jan 07, 2017
hmmmmm
Re: MMM Has Done More Good Than Bad by segebase(m): 6:40am On Jan 07, 2017
with MMM or anyoda scheme ..I don't wait for salary self again...achieved lotta tinz with it..dunno say recession dey self

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