hopefulLandlord:
hmmmm


the one question that still baffles me is this

The first set of people to provide help on MMM, who did they pay to

Icecomrade:


But I heard some people are getting paid.

homirefacuny:
This is real time info
If you got an account on mmm, and you placed GH order already. Kindly log in now to see if you can still find the request on your PO. This is actually getting more interesting. Lol

Aliyu333:
How this story still rings in my head.
The Monkey Money Madness! (MMM)

Once upon a time in a village, a man appeared and announced that he would buy monkeys for N100 each. The villagers seeing that there were so many monkeys around, went out to the forest and started catching them.

The man bought thousands at N100 and as supply started to diminish, the villagers stopped their efforts. He further announced that he would now buy at N200. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished and people started going back to their farms. The offer rate increased to N250 but the supply of monkeys became so little that it took much effort to even see a monkey, let alone catch one.

The man now announced that he would buy monkeys at N500! However, since he had to go to the city on some business, his assistant would now buy on his behalf.

In the absence of the man, his assistant told the villagers: ''Look at all these monkeys in the big cage that my OGA has bought from you, I will sell them to you at N350 and when my OGA returns from the city, you can sell it to him at N500''.

The villagers squeezed out all their HARD EARNED savings and bought all the monkeys. The most greedy ones among them even sold their lands to purchase many MONKEYS, hoping to make a huge profit without labor.

Then...

They never saw the man or his assistant. Only monkeys everywhere!

Welcome to #MMM.The world of Monkeys

Icecomrade:


But I heard some people are getting paid.

homirefacuny:
This is real time info
If you got an account on mmm, and you placed GH order already. Kindly log in now to see if you can still find the request on your PO. This is actually getting more interesting. Lol

Demonicide:
A 5yrs old child can answer this Question. When mmm first started,its participant sent a request to provide help and they were matched with ppl who also sent a request to provide help. That was how they matched ppl randomly.

Gwan2:
I'm I the only one?.......My Gh request got deleted on my PO, when i tried initiating another GH request i got a response that ''GH amount exceed allowed daily maximum"

sirhamilton:
Nigerians are such hypocrites and evil minded I've been quietly reading posts on MMM.
And I keep wondering are these participants criminals? Why cant everyone just mind their business. But No! We suddenly have Ponzi Scheme analyst popping up every 24 hours giving reasons why MMM won't operate smoothly ever again, MMM is dead, MMM is dieing etc
Look around you, you will find under-performing leaders everywhere and you are all comfortable with that? You have never written an article about the presently failing government? The sick economy? I guess you all are comfortable with that I assume. Right now if you are reasonable enough the least of your concerns should be MMM, write about how the economy can be revived and not why mmm should die.
It's appalling when I see individuals abusing Mmm participants of being greedy, yet a government official loots billions of naira and we say in our hearts "it's a normal thing". Nobody writes a lengthy article on it, it makes front page for just 24 hours and it's history.
I know a couple of individuals presently castigating MMM who couldn't participate simply because they were jobless and broke( I'm sure same applies to over 50% of the die hard MMM critics.
I know I'm already sounding like a participant already. That's what you have probably concluded by now "yes he's one of them" .
As difficult as you might find this to believe, I'm just a Nigerian who finds it impossibly difficult to understand why his fellow Nigerians channel their time and energy towards the wrong subject.
This piece won't be complete if I don't say how disappointed I'm In Naira Land concerning the way it's handling the MMM issue. It's hard not to believe there is a personal Feud. Either that or NL has a personal interest. I've been monitoring a few blogs equally reputable blog and the case has been different. Until now I've never been so disappointed in NL.

I look forward to the scathing comments of the 50% die hard critics I mentioned earlier. .

teedawson:
I suggest a new entry for the Oxford English Dictionary

Mavrodian {Maev-roe-diaen} - A lobotomised type of Bonobo monkey* chractererised by extreme greed, irrationality and complete rejection of logic.
Habitat: Found all over the world but with the highest concentration in West Africa.
Character traits:- Immoral, unconscionable sociopath with a fondness for miraculous returns of 30% based on other people's money.
Prone to believe in miracles and unicorns. Unbelievable capacity for self-deception. Inability to accept the truth.
Distinguishing features:- The only known species in the whole of creation to proudly bear the name of its exploiter.
Rallying call in the wild: 'PH / GH!'. 'Together, we will keep showing our stupidity!', 'Na your money?'
Population: Depressingly Large. For males, the impending economic loss will {hopefully} reduce chances of gene propagation. Survival instinct may push the females to reproduce with non-mavrodians species resulting in a dilution of Mavrodian traits.
Redeeming features: Apart from the entertainment value and as warnings to young children, absolutely none.

*With deep and sincere apologies to actual Bonobo monkeys.

Okundaye4:



Thank you. You just spoke my mind... Cant belief it has frozen again.

Bhol28:
Sorry,Just pray you get paid and if you like reinvest again.New schemes are springing up that are paying more than MMM so i advise you join one of them

Bhol28:
Sorry,Just pray you get paid and if you like reinvest again.New schemes are springing up that are paying more than MMM so i advise you join one of them

2tek:
NO weapon formed against MMM shall prosper

nellaluv:


All GH has been cancelled, lol

Logician:
This is getting boring. Let them live Thier life. I'm beginning to wonder if the FG is sponsoring mmm to divert attention

Tpave:
I don't think this MMM I still reversible. If new participant s or mavrodians don't join the scheme as everybody is afraid now, then how will they be paid?

xpool:

[s]And what is wrong in promoting child's play, am a child so i love child's play and I love nairaland.
YOU MAVRODIANS OR MONKEYS ARE SICK AND FREAKY, INSTEAD OF HUNTING FOR THE HEADS OF YOUR GUIDERS AND THE NO 1 GUIDER, YOU ARE BUSY HUNTING SEUN AND NAIRALAND.
IF YOU DONT WANT MMM TO MAKE FRONT PAGE, THEN START PROVIDING HELP IN MMM.[/s]

homirefacuny:


Well, you need to log and see yourself that the weapons are prospering.

nlanded:


OMG! Even a 5 year old can't say what you just said, think before you talk please, let's say the first participant is Mr A and the other participant is MR B, if Mr A sent request to provide help how would they be match him/her with Mr B who sent request to provide help also, do you get paid when you request to provide help? Do people pay to you when you request to provide help or you pay to someone else? So you mean Mr B got payed when he/she just requested to provide help? So they requested to provide help and in turn had someone pay money to them rather than them paying money to someone first? Common sense ain't common I must say!

SweetJoystick:


lmao them no go listen. i visited the site few minutes ago and saw some testimonials, how will one person make almost 2 million after providing help of just 500k because he is a guider and earns bonuses from testimonials, referrals, video testimony when MMM doesn't engage in any economic activity that would make such payout justifiable. MMM has crashed and they are only trying to milk the gullible and greedy. anyone who does provide help again after getting help is obviously and honestly needs to have his/her examined.

HomeOfMe:
The cbn is sponsoring the champaign against mmm because it has affected banks negatively. Banks are suffering because customers would rather invest their money in schemes like this and later in prosperties rather than leaving it in the banks. What happened in december that people couldnt withdraw the amount of money they needed shows that banks are broke. There's a financial revolution going on in the world presently,and instead of our banks to copy their counterpart abroad by coming down on their interest rate,they're busy fighting MMM. The mavrodians or whatever they are called were well aware of the terms and conditions before entering the scheme;just like joining a secret cult-they should be prepared for anything,enough of the noise!

TheABOMINATION:


After MMM don take Nigerians eye see red for december they expect more Nigerians to still give them money?

As things are now it is only when new participants start seeing payment proofs of old participants that they will want to invest in MMM. And the irony just as you pointed out is that it is only when a lot of new participants invest their money that old members will be paid.

In short all I can think of right now is that MMM should not have even come back.