Sorry for your loss. I hope lessons have been learned, though in a hard way. Say no to ponzi.

MoneyMustBMade:


Because those fake one promise over high return

The high return doesn't make sense at all 40% to 50% monthly

tutudesz:
Other countries are using crowdfunding to grow their business, while some idiots are using it to scam people
See people investing in your ideas while honest people hardly see investors, this Life

honest people don't give those type of high returns in such short time.

That should tell them that such investment is a scam but greed won't let them reason.

benedictuyi:
Nairaland is also to blame for the fraud perpetrated by Viable X.

Nairaland actively advertised ViableX, Ceepass, and Farm4me on their platform even when it was clear as daylight that these aforementioned companies were operating a Ponzi scheme

With due respect sir, do not blame Nairaland or any other platform for the stupidity of greedy felons.

Did you with the advert on Nairaland invest in the fraudulent contraption?

Sooner, you hear people blaming yeyebrities for promoting them. Are they not earning their pay?

In life, nobody teaches anyone to use their brains. It is life lessons that will teach you.

Investment Rules
1. Do not invest in things you don’t understand.
2. Capital preservation is more important than yield/returns
3. Avoid short term/high yield investments
4. Avoid the herd
5. Do not be greedy

Some People will never learn

A fool and his money

Nigerialabalaba:
anoda low budget crypto ponzi don send some greedy suegbe and lazy free money-loving yoots to golgotha. shiorr.

Hahaha, it is called Mugu fall, guyman wack, next news jare

benedictuyi:
Nairaland is also to blame for the fraud perpetrated by Viable X.

Nairaland actively advertised ViableX, Ceepass, and Farm4me on their platform even when it was clear as daylight that these aforementioned companies were operating a Ponzi scheme

seun,mynd44, justwise, lalasticlala, dominique, u see una life so?

association of suegbes will soon drag u go efcc and court for d illicit inflows from promoting adverts of ponzi on nairaland. shiorr

❌⏩ You guys should simply accept that
a smart guy has separated you from
your hard earned money at this very
hard times created by Buhari ...☹️☹️☹️

Asour:


People actually work for investors & bring money back — while they themselves are being rewarded — without stepping foot at those companies.

Most commercial banks, Dangote, MTN, BUA foods etc all have investors who put their money in them and earn dividends periodically.

Even cooperatives like exist in the US. A fews Real Estate Investment trusts exist in Nigeria e.g. UPDC.

The model is not the problem it's our corruy tendencies so don't judge a concept by its flawed application. Most Nigerians — especially the Business class lack integy.

abegi joor. SEC don say make people check with dem first before putting money for any investment. All dos companies no be dis yeye ponzi

Shun Ponzi schemes. I said this nearly a decade ago, I will still say it now

Nigerialabalaba:


https://nairametrics.com/2022/04/14/investors-call-out-ceo-adama-j-adama-as-they-demand-payout-for-overdue-investment-in-ceepass-viable-x-farm4me/

Adamu the sharp guy....use their money flex abeg.....since them no get sense....infact tell dem to invest more so you will pay more bonus, they will drop more money, they are inbred mugus and maga

Learn how to trade
Leave investments

ppogba:


Because:
* They are greedy.
* Loves free money.
* Wants money without sweating.
* Wants to earn without letting others know their source.

that is true

Stolen money given back to Thieves

Nigerialabalaba:
anoda low budget crypto ponzi don send some greedy suegbe and lazy free money-loving yoots to golgotha. shiorr.

You are wicked

Nah beg I beg. Hope piggyvest and wemalat and carbon dey okay o? Who fit check make e help me check abeg. Life savings things

Esseite:
We just know how to ruin every good initiative.. now anything crowdfunding, investment is seen as scam...

All of them are scam, the are all waiting for the right time to strike.

ppogba:


Because:
* They are greedy.
* Loves free money.
* Wants money without sweating.
* Wants to earn without letting others know their source.

* They are easily deceived
* They are lazy
* They don't know how to reason positively with their God's given brain......

letustalk:
Nah beg I beg. Hope piggyvest and wemalat and carbon dey okay o? Who fit check make e help me check abeg. Life savings things

It's a matter of time...... sadly

Thing is, they can't pay them because there was no farm to begin with especially that farm4me. If they had told the investors they'll invest their money in forex, alot won't invest. So they sell a lie to you guy

Goodyness:
Investment Rules
1. Do not invest in things you don’t understand.
2. Capital preservation is more important than yield/returns
3. Avoid short term/high yield investments
4. Avoid the herd
5. Do not be greedy

Story.....,for these gullible Nigerians?

Everything that involves crowdfunding in Nigeria will eventually turn to scam because an average Nigeria has no integrity!

The project may start off with good intentions but as time goes on the CEO and his lieutenants will start raiding the coffers of the business for their own personal benefit

Learnt mine with pennywise this days I just laugh off others but the ones I pity most are those advertised on my darling Nigeria Info. I feel sorry for those that will be scammed already.

WIZGUY69:
Since my experience with MBA in 2020, I've promised myself that anytime I send any Human being my hard earned money in the guise of investing or any crowdfunding nonsense, heavy thunder should strike me.

Nigerialabalaba:

abegi joor. SEC don say make people check with dem first before putting money for any investment. All dos companies no be dis yeye ponzi

SEC is nice but sorry to say, it is not fool proof.

Do you know who Albert Okumagba (+) was?
He was a former President of the Chartered Institute of Stockbrokers of Nigeria.

He was also the MD/CEO of Bgl securities.
So we can say he was the establishment (or part) of the investment community in Nigeria.

Why was he ousted as CIS president and why does BGL no longer operate today? Largely investment fraud.
Even in the US, Bernie Madoff use to host SEC executives to dinners.

Don't get me started with Peter Okolo and the likes that defrauded several Investors — all under the nose of SEC. Am I saying SEC is bad? No! I am just admonishing these business guys to be more Trust worthy. If I can't invest in my family/friends who I know directly or through a trusted friend's referral then such a country is doomed.

Great Investments aren't always a (suit & tie) all formal endeavor, they are also borne out of trust. SEC or no SEC.

May God help us.

tutudesz:

The high return doesn't make sense at all 40% to 50% monthly

Which of the companies promised this monthly?

How much of your money did you put into such venture kn Nigeria

Asour:


People actually work for investors & bring money back — while they themselves are being rewarded — without stepping foot at those companies.

Most commercial banks, Dangote, MTN, BUA foods etc all have investors who put their money in them and earn dividends periodically.

Even cooperatives like exist in the US. A fews Real Estate Investment trusts exist in Nigeria e.g. UPDC.

The model is not the problem it's our corrupt tendencies so don't judge a concept by its flawed application. Most Nigerians — especially the Business class lack integy.

West1side:
How much of your money did you put into such venture kn Nigeria

I haven't put any.

By the way I am not encouraging people to do so.

I am merely questioning the commenters (the one I quoted) argument that there's no investment that doesn't require the investor's presence.

Well that's not true.

desiredhome:

It's a matter of time...... sadly

Wow. Which kind wahala be this nah? Where person go come keep money like this?

I will never fall Mugu for South West scammers pressing computer at computer village