general111:
[s]the thing is, when you keep your money in the bank.the banks in turn uses your money to trade and make a lot of profits.but when you withdraw the money and give it to trading companies, the companies make a lot of profit from it, and share it with you.this is what the companies call ROI..
So banks make their money from trading forex, so if they dont make profit, they will crash.this is why the government is had to start limiting the activities of MBA because they are by far the largest trading company in nigeria presently.[/s]

SavageResponse:


Cryptocurrency is even the worst...in that one they will tell you you're buying an imaginary gold coin

Apart from that anyone can wake up and create his own crypto, 5years later you will hear that the owner died and he took the passwords with him

MyGeneration:

Oboy leave these people their minds are made up, all these things u are saying won't stop them from joining the next platform that comes up

Truthspoon1:
you're the definition of ignorance. You're a representative of the typical African. This is why blacks are backward.
Elon Musk uploaded this on Twitter recently but you're wiser than him aren't you? Bloke.

EmmySparky:
It is possible if you got great traders...plus the days you make excess profit...it gets stored for the hard days

RealEzee:
why can't u give up 30% kwa, why do u peeps keep making this weak argument, isn't it personal discretion to share a certain percentage on ROI, even 2% ROI dey fail too, there is no biggies about the ROI,conventional banks make tons but give a tinny fraction to its customers yet foul play isn't spotted there cos it's the norm, or do you want to say the banks don't make tons and also lose too in their trades with customers money?

MBA has been paying its customers steady and lots of them have been benefitting prior to this temporal glitch, yeah I call it temporal till we see what happens next, mind you perception equally can make or ruin a business regardless of authenticity.

MyGeneration:

I don chop money from mba jagas

I have been doing it for 2years and amount I put pass 2m

boyjo:

But why?
What was tour mind telling you?
I am genuinely curious.

Sysdatek:

Come and see oh

Its useless companies like this that make forex trading sound like fraud in nigeria

Same way many scammers invaded agriculture crowdfunding

Best way to trade is either you learn and do it yourself or manage copy trading

They even closed their bank accounts

The same forex that I spent close to a decade following up

SavageResponse:


On the contrary you're the one who has inferiority complex because you believe everything Elon Musk says just because his skin is white!

As far finance is concerned Elon Musk does not know more than me

omojesu202:


that's how ponzi are, they'll keep denying reality until its impossible to deny again. leave him

RealEzee:
why can't u give up 30% kwa, why do u peeps keep making this weak argument, isn't it personal discretion to share a certain percentage on ROI, even 2% ROI dey fail too, there is no biggies about the ROI,conventional banks make tons but give a tinny fraction to its customers yet foul play isn't spotted there cos it's the norm, or do you want to say the banks don't make tons and also lose too in their trades with customers money?

MBA has been paying its customers steady and lots of them have been benefitting prior to this temporal glitch, yeah I call it temporal till we see what happens next, mind you perception equally can make or ruin a business regardless of authenticity.

RealEzee:
conventional banks host MBA money for MBA to use not them using the money they host for MBA, obviously they can't trade with MBA money domiciled with them cos MBA sef dey use the money promptu, nothing for conventional bank to use play around, realise tons of profits and give customers tiny fractions at the end, they will make tiny fractions from MBA that domicile its accounts with them gbayi plus service fees from when MBA sends its customers ROI, no money to play with, huge traction to MBA and the likes is a disadvantage to conventional banking, conventional banks will have to make their interest rate more attractive to its customers abi how u think banks they make money from customers if not doing trades with their money

Feggie3:
... Am so desperate to leave the country, it took me 2years to save that money.. I needed extra 1.5 million to enable me leave for Saudi Arabia and I was tired of saving 100k every month from my salary.
I had to do a thorough background check before taking that kind of risk. I studied their policies for almost 5months and I even had to go to their offices at intervals for certain clarifications.
But the things that held me back were...
1. The firm is not registered under SEC
2. Change of one certain policy of extension of date of collecting back the capital from 6 months to 12months.
3. Then hiccups and fluctuations in days of payment of their ROI.... Such huge firm shouldn't stutter in payment of ROI. It is absolutely wrong and a serious breach of contract.
Finally, I suffered to make that money, assuming I had enough I for join probably 4 months ago.

This is a huge test of authenticity for them. If they survive it, they will pull more customers.

MyGeneration:

The only reason I dae even try convince them is cause I wanted to start up my own trading company after my msc but if them cast am no problem

RealEzee:
why can't u give up 30% kwa, why do u peeps keep making this weak argument, isn't it personal discretion to share a certain percentage on ROI, even 2% ROI dey fail too, there is no biggies about the ROI,conventional banks make tons but give a tinny fraction to its customers yet foul play isn't spotted there cos it's the norm, or do you want to say the banks don't make tons and also lose too in their trades with customers money?

MBA has been paying its customers steady and lots of them have been benefitting prior to this temporal glitch, yeah I call it temporal till we see what happens next, mind you perception equally can make or ruin a business regardless of authenticity.

ethicallyright:


MBA has always been a semi Ponzi scheme.
The only difference is that MBA used a centralized system.
Funds donated by investors victims are for different purposes which are not limited to forex trading and gambling.
The idea is that if they were 100 victims, and MBA loses the capital of 80 victims, then the profit they make from the 20 victims would be shared among the 100 victims. This automatically means that MBA invests in the most risky deals in order to make very high profit to keep the scheme going.

The problem with MBA now is that they currently have like 10,000 victims and have lost the capital investment of like 9500 of them. The capital left with them cannot generate profit so they have turned full time Ponzi by paying clients with lower capital with the capital of those with higher capital and hoping these clients will bring more new investors , however, the rate of investors are really declining and almost non existent anymore because people are beginning to ask how a mere Nigerian forex trading company can make more profit and returns of investment than prominent hedge funds even in the US.

That's the problem here. It's either hundreds of investors deposit their money with MBA for them to keep the cycle going or the cycle has folded.
Victims should accept reality.

ethicallyright:


MBA has always been a semi Ponzi scheme.
The only difference is that MBA used a centralized system.
Funds donated by investors victims are for different purposes which are not limited to forex trading and gambling.
The idea is that if they were 100 victims, and MBA loses the capital of 80 victims, then the profit they make from the 20 victims would be shared among the 100 victims. This automatically means that MBA invests in the most risky deals in order to make very high profit to keep the scheme going.

The problem with MBA now is that they currently have like 10,000 victims and have lost the capital investment of like 9500 of them. The capital left with them cannot generate profit so they have turned full time Ponzi by paying clients with lower capital with the capital of those with higher capital and hoping these clients will bring more new investors , however, the rate of investors are really declining and almost non existent anymore because people are beginning to ask how a mere Nigerian forex trading company can make more profit and returns of investment than prominent hedge funds even in the US.

That's the problem here. It's either hundreds of investors deposit their money with MBA for them to keep the cycle going or the cycle has folded.
Victims should accept reality.

sammhi:

What you wrote makes a lot of sense
But you mistaken one aspect :
You expect that MBA would only use investors money to trade forex only ..No financial institution will only trade forex or one deal on 9n trade. Banks use your deposit to trade forex , loans, buy shares , buy bonds , etc
With amount of money MBA has , it won't get involved in jsut forex, they may have diversity into other businesses ...It same all over
Dangote has sugar, cement , etc But started with just one ....

MyGeneration:

Once investors withdraw their money the few ones who don't, when they start hearing mba sacked 70% of their staffs to keep up, and moved from all their offices they would grow suspicious and another round of panic would start leading to more withdrawal

general111:
the thing is, when you keep your money in the bank.the banks in turn uses your money to trade and make a lot of profits.but when you withdraw the money and give it to trading companies, the companies make a lot of profit from it, and share it with you.this is what the companies call ROI..
So banks make their money from trading forex, so if they dont make profit, they will crash.this is why the government is had to start limiting the activities of MBA because they are by far the largest trading company in nigeria presently.

Theoutsider:


Jesus

Because if you are getting 30% they have to be getting 70% and its just not realistic.

You are only processing on the peanut part of the brain.

Put money in money comes out with absolutely no understanding of the system.

Belexy95:
@OP, your title is misleading.
The last paragraph of what you put up said delayed payment and not unable to pay as you wrote.

Anyways, my wife and I got paid yesterday.

boyjo:


Lol, abi o at emboldened.
Thank GOD for you.
But e dey do me like say them go still pay everybody..
You na small detective sha

So you wan leave us for here travel?

sammhi:

What you wrote makes a lot of sense
But you mistaken one aspect :
You expect that MBA would only use investors money to trade forex only ..No financial institution will only trade forex or one deal on 9n trade. Banks use your deposit to trade forex , loans, buy shares , buy bonds , etc
With amount of money MBA has , it won't get involved in jsut forex, they may have diversity into other businesses ...It same all over
Dangote has sugar, cement , etc But started with just one ....

sammhi:

You obviously don't knwo how the banks and financial system works
If 50% of those who have their money in a bank que up today to demand for all of their money , that bank would collapse . Their j strength lies on investors fund . GTB was not willing to pay innoson just 13bn instead teju said he should use it to buy shares
Let me educate you : if MBA has 30bn in the bank , the banks pays MBA interest on it
Now some of those funds would be held in USd and some in forex market to hold their position as a trader . They can easily pay ROI but not capital because most of the investors money are not held in liquid but in instruments .....
Same applies to even banks
At a point, MBA may have more money than what some of these banks have and that it is a big problem . Thats one reason they can't use one bank . In such a case they won't even be able to meet the Demand for ROI by MBA
Am not saying this is what happens but it can happen
MBA says 8 banks closed their accounts .....Probably for many reasons but surely if 8 banks should close MBA accounts , they would run into problem.

ethicallyright:

Check my second paragraph you quoted again. I told you that their major trade was forex and gambling but not limited to that.

general111:
Mr Op, that info is the pure truth..
The federal government are just trying to save the banks from further colapse.they have limited the amount of money mba can payout per day which is why they keep having issues paying peoples money..MBA is threatening to go to court as i speak now..
People no save their money in banks anymore, they take it to forex trading companies.