IdJack:
This is Nigeria...see how greed has cause a whole Professor his money.

ProfessorS

Neddyogu:
Billion? Na d whole school do d forex kini? Cos billion long oo

laugh wan scatter my Belle...

whole school kwa

6BILLION?

Is the whole school even worth that?

useed:
Fx is not a get rich quick scheme, Fx attracts those who want to get rich quickly but rewards those who are comfortable getting rich slowly. Fx is not a Scam, how can you promise 20% in 2 weeks in Fx market which is filled with uncertainties. There is no doubt they can make the 20% in one week, but you might not even make up to that in a month. That is the Truth.. I am bewildered as how these fokjs that pay 20% in two weeks sustain it. The Truth is that its not sustainable, it's a time bomb waiting to explode... I see it as mmm reloaded, but since Nigerians don't learn we still fall for the same shit, same shit different day. The market moved greatly for traders that know there onus this week, but what of next week, the week after.. We all want extra income no doubt, but you have to understand that Fx market itself is pressure, so you can place another pressure on me, I won't take that from you... What I think its best for those that do these scheme is we share whatever we make in a month (profit and loss included). Even Warren buffet gives us 12% yearly.. And you Guy's are here offering 20%...sustainable or not ? Time will tell.

nice write up kudos

Enyimbamercedes:
There is only one forex trading platform I am aware of that hasn't scammed anyone so far. I am not bold enough to put my money but my wife has 1.3m in it and gets 15% monthly! 4 months now, she has been paid on time...

exactly,ur wife is in the right place...forex no b scam if u meet the right people...notin like 2wks pay back..na monthly bt 15% interest...wait till it get to 6month b4 u invest..after then ur wife go don cash out full

Hotfreez:


Hope it is not MBA Forex.
Those ones are planning the biggest heist of all.

u lie,unless u fall into wrong hand

Neddyogu:
Billion? Na d whole school do d forex kini? Cos billion long oo

I guess you're just like me, doubting Thomas �... But hay this guy's are making it big here, you may not understand until you get into that environment, we have alot of them here paying out 20% ROI/30day, some of us keep on maintaining our argument that the interest rate is not sustainable, I personally know few middle men here and I can tell you that, this guy's are making hundred of millions, though I was surprised when I heard about 6billion which I still don't believe it but hey! Alot of people outside the university environment invested heavily in the scheme.

Alot of so call middle man cannot be trace now.... but how do you invest up to 20m in such investment? How can you borrow money to invest in such scheme? Nigerian will never learn, we still have some of them around, even a particular middle man payout about 5m yesterday just to show that his own platform is not involve in the 6billion issue, Funaabite be wise, Nigerian wake-up this may be the new strategy for 2020
If you want to learn FOREX go to business section of nairaland there is FOREX forum there, You also get to meet a lot of FOREX GURU who give free advice without asking you for a dime

deleo16:
nice write up kudos

Though i don't know much about forex.
And note that everyone can't be an entrepreneur
We will still need to invest in one another.

But we just need to take precautions.
Don't go for investment with outrageous ROI.
ROI that is too good to be true.
And also don't go for an investment that u are not sure of getting your capital back.
Make sure the business is insured.
With back up proof that the investors registered with a reputable insurance.
With this both the investors and the investment company will not be under unnecessary pressure.
Thank you.

This guy has bagged a Masters degree in scamming.

vanhayor:

Your father

Your father!
Your mother!
Your family!
Your life!

Thunder kill you there!

misterme:
If Forex trading is that good, why would a trader need people's money to trade? Why not trade with your own money and make the billions alone. When did Nigerians become this generous enough to help others make millions when they can make it alone.

From my own perpective you can only hit big with huge capital in order to boast of any profit at all more reason why they need pple to also bring in their money to trade with.


Forex requires huge capital you can't trade with leverages.cos the profits you would make would be in cents. And again there's no way you can make 100% profit in weeks.

Dtruth5901:
Forex don’t work that way..I know how it works

Tell us then

A guy telling me about the same 20% now...

dawnomike:
This is absurd... A student duped a prof!.
Forex is a crazy market and you can lose millions within minutes!!!
Maybe trading went bad for him though...

NB: Never turnover your money to any one to make money for you. There is no free meal in Freetown. That is to say; Own your own hustle

I love this! Your comment is on point. Forex is a volatile trading business which can go wrong anytime.

I believe all subscribers know this fully as it was their choice and the interest enticement or greed that made them willingly partner with the guy... So it's not right to see he does anyone.

Babara1994:
Forex itself is a scam

When you don't know it

misterme:
If Forex trading is that good, why would a trader need people's money to trade? Why not trade with your own money and make the billions alone. When did Nigerians become this generous enough to help others make millions when they can make it alone.

Because the trader is not able to raise a huge amount of capital needed for trading that's why.

Soul47:


Nope

Don't wake up tomorrow thinking that

It isn't.

Just that peoot scam others through that cause of their ignorance.

It's just like saying getting USA VISA is a scam cause you have met couple of dubious travel agent.

Thank you so much bruh.

[quote author=OgbanjeProphet post=86402469]Forex my foot!
Both the lecturers and students deserved the loss. How can you still fall for MMM in this Buharical period?[Forex isn't MMM]8

[quote author=elvhinzey post=86494232][/quote]

I knew. Thanks.

@maasoap, what's the update on this guy abeg? I will appreciate any news of how his case ended or where he is currently detained.

Dnohpete:
@maasoap, what's the update on this guy abeg? I will appreciate any news of how his case ended or where he is currently detained.

Good to know that someone still cares. Never left Nairaland for a day in person, but @maasoap went on a forceful leave.
Thanks to those who insulted us and we insulted them back but cowardly ran to the useless Nairaland mods