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Why Are Nigerians Still Investing In MBA Forex, BARA And Others? - Investment - Nairaland

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Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 10:24am On Oct 11, 2020
When will Nigerians learn that these are pyramid schemes that will collapse and new investment that is used to pay old investor untill it collapses.....

Nigerians lost 30bn in MMM and other unknown schemes ...

There is no free money anywhere, even Dangote with his big factory is doing 27 percent per annum. Then someone will tell you he will give you 170 percent per annum?

95 Likes 13 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by jobark: 10:29am On Oct 11, 2020
ahiboilandgas:
When will Nigerians learn that this is a pyramid schemes that will collapse and new investment that is used to pay old investor untill it collapses.....Nigerians lost 30bn in MMM and other unknown schemes ...there no free money any where .....even dangote with is big factory is doing 27 percent per anum.....then some one will tell u he will give u 170 percent per anum .....

Blame the free/idle money circulating around the economy.

A lot of financially educated people are aware it may be a pyramid/Ponzi scheme but go ahead to take a calculated risk to invest.

Eg. An investment of 1million in 6months will give the same yield of an investment of 10million for a year ( approximately). Risking 1million naira to give the same returns 10million naira will give you even in a shorter period is a risk a lot of people don’t mind taking.

154 Likes 14 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by Cryptofxt10: 10:46am On Oct 11, 2020
Greed is the cause...

Settle down and learn forex trading yourself instead of dashing your hopes in fictional hands.

We train forex monsters from beginner stage to elite stages with real life market experience.

72 Likes 1 Share

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 10:51am On Oct 11, 2020
I taught the huge pains caused by MMM will have made them worry about such investment scheme but am wrong the Nation is greed driven

12 Likes 4 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by emmanuelewumi(m): 11:30am On Oct 11, 2020
ahiboilandgas:
I taught the huge pains caused by MMM will have made them worry about such investment scheme but am wrong the Nation is greed driven


New mugus are created everyday, MMM happened about 4 years ago.

92 Likes 3 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by legacystore: 11:34am On Oct 11, 2020
lol angry

Na hardship n greed they cause am

It's a game for the early birds the late birds will be the casualty.

Everyone involved knows it will eventually crash but needs to cash out quickly before it crashes grin

It's may sound wierd but professional ponzi investors make alot of money too cool

103 Likes 2 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by jobark: 11:42am On Oct 11, 2020
The smart investors have gamed the mba system. They have “cashed out” more than what they put in and are on green so nothing you say or tell them matters.

The biggest “potential” losers (since the system is still paying) are those who will have more money in mba forex than what they have taken out from the system when a collapse happens.

For now, no matter the advice you offer or what you tell them, they will only think you’re a hater or envious of mba forex. The written violence going on on their thread will make you wonder.

Sometimes it’s better to just observe and let things happen.

45 Likes 9 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by Wickedtruths: 12:22pm On Oct 11, 2020

Only fools are still putting money in MBA Forex. The earliest investors have cashed out. Vodina West one of the founders of MBA has left. She is a lawyer and she knows what is coming. Chris Oyakhilome who gave Maxwell Odum award last year has washed his hands off MBA Forex. Only fools remain with MBA.

Once MBA collapses, other forex scams would collapse cos confidence would dissappear.

110 Likes 9 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 12:37pm On Oct 11, 2020
legacystore:
lol angry

Na hardship they cause am

It's a game for the early birds the late birds will be the casualty.

Everyone involved knows it will eventually crash but needs to cash out quickly before it crashes grin

It's may sound wierd but professional ponzi investors make alot of money too cool
hardship ?but they are investing millions....there is some thing wrong with Nigerians ....pastors will scams us,pyramid schemes will scam us yet we are still not deterred

13 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by jabolo(m): 12:42pm On Oct 11, 2020
Wickedtruths:

Chris Oyakhilome who gave Maxwell Odum award last year has washed his hands off MBA Forex. Only fools remain with MBA.

Once MBA collapses, other forex scams would collapse cos confidence would dissappear.

https://m.youtube.com/watch?feature=youtu.be&v=L44WTDwo5a4

... Here. He basically absolved himself by saying ‘he didn’t send any Pastor to do Ponzi’

20 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by purleesh(f): 3:30pm On Oct 11, 2020
ahiboilandgas:
hardship ?but they are investing millions....there is some thing wrong with Nigerians ....pastors will scams us,pyramid schemes will scam us yet we are still not deterred

It's something inherent in human nature, not Nigerians per se.

Moreso, this is a named business venture - financial market trading; very different from MMM which is strictly come gambling. Whether these firms are actually doing the trading or not is entirely another story.

15 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by RealityShot: 3:22am On Oct 12, 2020
purleesh:


It's something inherent in human nature, not Nigerians per se.

Moreso, this is a named business venture - financial market trading; very different from MMM which is strictly come gambling. Whether these firms are actually doing the trading or not is entirely another story.
The bolded is the koko

But what can trade without loss ever??

Even Warren Buffet admits the market can go down 50%

7 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by purleesh(f): 7:07am On Oct 12, 2020
RealityShot:

The bolded is the koko

But what can trade without loss ever??

Even Warren Buffet admits the market can go down 50%

Actually, seasoned disciplined traders can make way much more than the 10/15% returns these firms pay out monthly.
Unlike the stocks we can't short here, one can trade either way in FOREX so 50% tanking could be 50% profit for who is trading that direction.

Point is no one is looking at these organizations books though to know if they are actually doing what they claim to be doing let alone regulating their businesses and that is just about the major fear in investing there.

Good businesses do turn rogue even in the face of max regulatory searchlights beamed on them not to talk of these ones that are freewheeling.

As they always advise in these kinda things, if your longathroat cannot be reined in, invest what you can afford to lose cos harmattan and rainstorm fit come together.

49 Likes 5 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by SmartPolician: 7:01am On Oct 14, 2020
ahiboilandgas:
When will Nigerians learn that this is a pyramid schemes that will collapse and new investment that is used to pay old investor untill it collapses.....Nigerians lost 30bn in MMM and other unknown schemes ...there no free money any where .....even dangote with is big factory is doing 27 percent per anum.....then some one will tell u he will give u 170 percent per anum .....

Why are you this jobless?

Why do you people keep opening MBA Forex threads up and down?

Is it your money?

How many people did you bail out when MMM crashed?

Ogbeni, mind your f**king business!

123 Likes 6 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 7:42am On Oct 14, 2020
SmartPolician:


Why are you this jobless?

Why do you people keep opening MBA Forex threads up and down?

Is it your money?

How many people did you bail out when MMM crashed?

Ogbeni, mind your f**king business!
paid online sale agents...

135 Likes 5 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by SmartPolician: 7:46am On Oct 14, 2020
ahiboilandgas:
paid online sale agents...

Is that your best shot?

If you are in Lagos, we can meet and bet.

And I will show you where I work and how much the company has paid me with my account statement printed.

DM me if you are game.

Some of you who castigate MBA don't even know how it works. MBA is not an MLM!

The investment program is for risk takers.

Stop taking paracetamol for our headache!

100 Likes 8 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 7:52am On Oct 14, 2020
SmartPolician:


Is that your best shot?

If you are in Lagos, we can meet and bet.

And I will show you where I work and how much the company has paid me with my account statement printed.

DM me if you are game.

Some of you who castigate MBA don't even know how it works. MBA is not an MLM!

The investment program is for risk takers.

Stop criticising the company!
why would i the promoters supposed to be investigated/imprison for runing a ponzi scheme ...and defrauding Nigerians ....why will i meet a scamish firm rep ? Even dangote is doing 27 r.o.i per anum , zenith bank 30, nestle 23 ....una chere,chambia firm wan do 180 percent....

22 Likes 1 Share

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by SmartPolician: 7:53am On Oct 14, 2020
ahiboilandgas:
why would i the promoters supposed to be investigated/imprison for runing a ponzi scheme ...and defrauding Nigeria ....why will i meet a scamish firm rep ? Even dangote is doing 27 r.o.i per anum , zenith bank 30, nestle 23 ....una chere,chambia firm wan do 180 percent....

Defreauding Nigerians?

For a company that still works today?

I won't reply you again because you don't have sense

Bye

68 Likes 3 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by Burchester: 7:54am On Oct 14, 2020
Life is taking about risk

3 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 7:55am On Oct 14, 2020
SmartPolician:


Is that your best shot?

If you are in Lagos, we can meet and bet.

And I will show you where I work and how much the company has paid me with my account statement printed.

DM me if you are game.

Some of you who castigate MBA don't even know how it works. MBA is not an MLM!

The investment program is for risk takers.

Stop criticising the company!
so u think i will leave zenith shares ,Mtn share,nestle shares that publish annual reports cerified by kpmg to your 419 firm ....u must be insane ...

51 Likes 4 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by Reazest: 7:57am On Oct 14, 2020
Nigerians are greedy in nature, the reason they will keep falling victims of Ponzi schemes. I give 5% Return On Investment every month, but people don't want to invest with me. They say my 5% is too small, thereby taking the money to Ponzi schemers.

6 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 7:57am On Oct 14, 2020
Burchester:
Life is taking about risk
is this not risk but clear stupidity.......from nospecto,to MMM to MBA ......Nigeria got endless supply of maga/uninform clowns

1 Like 2 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by osarog: 10:40am On Oct 14, 2020
Why una dey like to take panadol for another man headache ? There's no investment or business that's risk free. Investment is about losing money and making money. I don't think it's a big deal If MBA and BARA crashes and people lose money. You guys are always quick to mention how much people lost in MMM but fail to tell us how much money people made in the same MMM. Sometime in 2007, I investment in Afribank shares and today, with all their government approvals and certifications, the money is gone. I am left with only the useless certificate. And that's what investment is all about.

OP, you remind me of my erstwhile best friend, Chijioke (curse be upon him) who is now my worst enemy, who discouraged me from buying Bitcoin when it was cheap some years ago. He's a poor man whose fear of losing money is stronger than his desire of breaking out of poverty.

People like you are the type of fools who would give their all to pulpit bandits in the hope of going to heaven to enjoy a life they are not sure of after death but are quick to shout "scam !" when they see an opportunity that is turning lives around.

May I not meet people like you again in my life.

145 Likes 12 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 11:16am On Oct 14, 2020
Investors should request and audited statement of accounts from mba,and other.....they will be shocked.....firm that receive public money must make financial statements public.....robbing Peter to pay Paul.. .

7 Likes 3 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ChybuzzDD(m): 11:24am On Oct 14, 2020
ahiboilandgas:
is this not risk but clear stupidity.......from nospecto,to MMM to MBA ......Nigeria got endless supply of maga/uninform clowns

Stop calling people names!
Are you crazy?
What do you even think you know and who do you know better than??
Where and where has what you think you know taken you to?
Just learn how to focus on the things you prefer doing, while others focus on theirs.
That is how life should be.

27 Likes 1 Share

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by emmanuelewumi(m): 11:27am On Oct 14, 2020
ChybuzzDD:


Stop calling people names!
Are you crazy?
What do you even think you know and who do you know better than??
Where and where has what you think you know taken you to?
Just learn how to focus on the things you prefer doing, while others focus on theirs.
That is how life should be.


You can make your point or share your opinion, without resorting to abusive words and insults

12 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by Wickedtruths: 11:28am On Oct 14, 2020
Those who started it with Maxwell have run away but one lazy and dumb idiot with 10M in MBA thinks he is smarter than Vodina West who left MBA and ran.
Only dumb fools still have their money in that MBA nonsense.

18 Likes 2 Shares

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 11:29am On Oct 14, 2020
ChybuzzDD:


Stop calling people names!
Are you crazy?
What do you even think you know and who do you know better than??
Where and where has what you think you know taken you to?
Just learn how to focus on the things you prefer doing, while others focus on theirs.
That is how life should be.
am alerting members of the public from been scammed like I did doing MMM... a firm seeking investors from the public Must publish financial statement for investors to see their claims ...

10 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by Wickedtruths: 11:30am On Oct 14, 2020
ChybuzzDD:


Stop calling people names!
Are you crazy?
What do you even think you know and who do you know better than??
Where and where has what you think you know taken you to?
Just learn how to focus on the things you prefer doing, while others focus on theirs.
That is how life should be.

Chibuzor, you are an Igbo guy and Igbo guys don't get scammed. When MBA collapses and your money is still inside, that is when you would see that you're the most idiotic igbo guy alive.

22 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 11:33am On Oct 14, 2020
If that my only achievement this year am happy....saving innocent investors ......MBA ,BARA Should publish their income statements since they have mobilze public funds ...zenith bank also started small...

9 Likes 1 Share

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ahiboilandgas: 11:35am On Oct 14, 2020
#EndSARS.#EndMBA.#Endbara cc to sec ,ccNfiu...and NSE.

2 Likes

Re: Why Are Nigerians Still Investing In MBA Forex, BARA And Others? by ChybuzzDD(m): 12:04pm On Oct 14, 2020
emmanuelewumi:



You can make your point or share your opinion, without resorting to abusive words and insults

First, read his comment I quoted before commenting.
You guys can't be calling people names because you think you know better.

7 Likes

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