Unfortunately Nigerians won't still learn!

This is no doubt a syndicate with agents & collaborators in government & high places.

Those who also fall for unreasonable ROIs are greedy. They should have been more cautions.

Those who put in large investments should have spread investments instead of putting all their eggs in one basket.

This is so bad that it will make more Nigerians be very sceptical of investing in anything especially online.

NGArmyTerrorist:
After Russian guyman aka MMM showed me shege; I learnt a bitter lesson of my life. The thing remain 3days before I chop my first chopping; na so website start to dey misbehave. My hard-earned money gone, I became broke and continue afresh again. When you tell me about Crypto, I close my ears.

Cry...ptoo is legitimate bro, just do your due diligence and research and you can make a good living. Go to dex...tols or dex...screner and look for new meme...Coin.s about to pump make sure they are not a honey..pot or a rug..pulls(scams) sell quickly when pumping and buy another at the dip, learn how to trade(swap) on dexes( dece..ntralized exc..hanges) and rinse and repeat and serious money are being made on meme...Coins not the established coi..ns

The first rule of investment is NEVER LOSE MONEY.

The second is REMEMBER RULE ONE.





CAR PAPERS

dalaman:


Dangote refinery is in the same league with these fraudulent companies in reality. Let me explain. We are now in an enegry transition era, refineries are now low profit margin businesses. Infact White people don't build refineries anymore, and the few ones they built in the past 10 years are all not more than 250bpd. Check out all the refineries world wide and see their profit margin despite high crude oil prices. Dangote went and built a 650bpd single train refinery knowing very well that refineries don't make any serious profits anymore, he sent the liar and scammer Godwin Emifiele to lie that the refinery has started paying its debts. Which is an outright lie and a fraudulent claim.

Once the refinery starts operating, he will Issue and IPO and people will run to go and buy the shares, that will increase his personal wealth to over $50 billion. The refinery will no longer be based on the profit or loss it brings but based on the shares that are traded. Its a ponzi, but a legitimate one because we live in a world where might is right.

People would get a product - refined petroleum products.

Nigeria,since before Abacha's death has never been able to fix her refineries.

As soon as a private citizen builds one, your likes start insulting, inveighing and lambasting him.

Some of you lack a conscience.

I do not blame anyone who fell for this. It is not even greed. How else do you hope of retiring and enjoying without investments? Like that accountant, he must have done his background checks. He must have seen that the company is into actual agriculture and investments. He must have seen that they have a world class cashew farm that even the governor of Edo state, commissioned. Anybody that is serious about investment can fall into this kind of scam. The scam is too clean for you to see loopholes. People that have not invested a kobo in their lives, will come here to mock others.

omoadeleye:
Sorry guys, they didn't scam anyone they just ran into debt and can't pay back and can't withstand investors again so they had to skedaddle.

Just move on to another scheme

Most times when these happens, investors need to rally round the executive as a show of support rather than shoving threats, mounting pressures, hounding them around and other abuses. It's the only way to bring about the recovery of their funds.

Scammers come in all shapes and sizes....beware 🙏🏾🙏🏾🙏🏾
no be so... nice suit, young, technocrats, overpromise....plus gullible greedy investors looking for impossible ROI = SCAM Alert/Lose it All. *Happy Sunday*

EcoBrick:
https://thenationonlineng.net/mother-of-all-scams-how-farmforte-owners-duped-investors-of-billions-of-naira-relocated-abroad-to-live-large/




To be continued below...

crystalpapers:
Pablo Escobar no do reach this. This is bad and the government should pls come to the aid of the investors.

How can there minds be at rest or peace chilling with people's hard earned sweat.

promise to Google whos that Escobar

NoToPile:
Agritech investments that year

How much is Tomatoes , that someone will be promising 20- 36 % ROI . Sad to hear many people were defrauded.

Elsueno:
Hmm, na wa woh, dats why i hardly trust anybody in business, even a close relative of mine has scammed me B4, what saved him from my wrath na family ties... nowadays I run the business myself & always keep records of all expenses... any sales girl/boy way try to Conner more than N500 weekly gets flagged & subsequently fired if them try to play smart hustler with me

Dey play... I sense pride, u go soon jam. No be prayer o, na law of structure and flow... remember, pride comes before a fall

lastmessenger:
If the government care enough for plight of its citizens. It will only take the effort of our police force and interpol to arrest them and bring them back to the country where they will face the wrath of the law.

exactly, but Nigeria government is useless!

EcoBrick:

To be continued below...

Anyone that gets duped by these investment schemes or e-agro business DESERVES to be duped because they know fully well that these businesses are fraudulent.

Its the same pattern and process from multi-level and MMM and all the other schemes that have repeated the same pattern for the past 10 - 20 years.

Why will people keep "INVESTING" in these shady schemes if they aren't looking for ways to launder money or looking for how to double or get returns on their money quicker than normal.

BloomingDale:
“At this point, Ayoola decided to push all his earnings into the business”

Lol. 😀🤣😂😀

Poor Ayoola. I find difficult to do any business with a one or two man Nigerian investment company. Nigerians have a high propensity for fraud.

/

Rule of Thumb:

Any promise(s) of 10% or more ROI, hold your wallet tight. It is outright fraud or a pyramid scheme.

/

dalaman:


Dangote refinery is in the same league with these fraudulent companies in reality. Let me explain. We are now in an enegry transition era, refineries are now low profit margin businesses. Infact White people don't build refineries anymore, and the few ones they built in the past 10 years are all not more than 250bpd. Check out all the refineries world wide and see their profit margin despite high crude oil prices. Dangote went and built a 650bpd single train refinery knowing very well that refineries don't make any serious profits anymore, he sent the liar and scammer Godwin Emifiele to lie that the refinery has started paying its debts. Which is an outright lie and a fraudulent claim.

Once the refinery starts operating, he will Issue and IPO and people will run to go and buy the shares, that will increase his personal wealth to over $50 billion. The refinery will no longer be based on the profit or loss it brings but based on the shares that are traded. Its a ponzi, but a legitimate one because we live in a world where might is right.

You are well lettered bruv, analysis spot on too.

I doubt they started out with the intent to scam people...they started well, but got greedy themselves, and decided to go into online investment, which overwhelmed them after a while, and they ran away when things went out of hand.

Karemarealty288:
What is the state government doing about it cos I can see their presence or rather participating in the commissing of the business gave more credence to the scam.

obaseki endorsement Made pple buy in... I think govt should investigate these guys to send a signal that pple can't Wake up and play pple intelligence...

Propsvilla:
Any Investment that is outside PWAN is a no no for me. I will rather put the money in the Bank.

what's pwan

sterlingD:
Treasury Bills, Mutual funds (especially Money market funds,fixed income funds) FGN Savings bonds, FGN SUKUK Bonds, Shares /stocks on the Nigeria Stock Exchange are places to invest in short term and long term in Nigeria with long patience and diligence which one will get good returns on investment.

Nigerians will not invest in these ones you listed because:

1. The level of financial literacy is low.
2.The ROI is not eye popping.
3.They are very greedy even when the signal is clear. Eg. MMM
4. The like moving like an herd especially where outrageous ROI is mentioned.
5. They are never ready to learn.

I remember Cala .They presented all forms of certificate online .I believed them .In the end ,I lost ,#120,000.
People should STOP any sort of investment online or offline .They are scammers .

fkj950ax:


Anyone that gets duped by these investment schemes or e-agro business DESERVES to be duped because they know fully well that these businesses are fraudulent.

Its the same pattern and process from multi-level and MMM and all the other schemes that have repeated the same pattern for the past 10 - 20 years.

Why will people keep "INVESTING" in these shady schemes if they aren't looking for ways to launder money or looking for how to double or get returns on their money quicker than normal.

With due respect, you are not an investor hence you aren't qualified to speak on such matters.

EcoBrick:
https://thenationonlineng.net/mother-of-all-scams-how-farmforte-owners-duped-investors-of-billions-of-naira-relocated-abroad-to-live-large/




To be continued below...

This is the second version of Better life Program, an organized criminal program of the 1990s in Benin City. My elder brother lost over 5k (very huge money then)

omoadeleye:
Sorry guys, they didn't scam anyone they just ran into debt and can't pay back and can't withstand investors again so they had to skedaddle.

Just move on to another scheme

Exactly my thoughts.

Sadly people don't understand how fraudulent businesses, startups or investment work and operate.

ppogba:



Nigerians will not invest in these ones you listed because:

1. The level of financial literacy is low.
2.The ROI is not eye popping.
3.They are very greedy even when the signal is clear. Eg. MMM
4. The like moving like an herd especially where outrageous ROI is mentioned.
5. They are never ready to learn.

So sad , really sad

Crumbian:
Lost 8k to one of these ponzis. I was in sivia pains for two weeks.

u no well 8k na money...

planetx:
Cry...ptoo is legitimate bro, just do your due diligence and research and you can make a good living. Go to dex...tols or dex...screner and look for new meme...Coin.s about to pump make sure they are not a honey..pot or a rug..pulls(scams) sell quickly when pumping and buy another at the dip, rinse and repeat and serious money are being made on meme...Coins not the established coi..ns

The same crypto that the US GOVT is contemplating regulating the way GAMBLING is being regulated or another crypto?

InvertedHammer:
/

Rule of Thumb:

Any promise(s) of 10% or more ROI, hold your wallet tight. It is outright fraud or a pyramid scheme.

/

Now that you are saying this ,what if scammers now come out with ROI of 10% and still run away ? You should teach people how to identify scammers not only base on the percentage.

Flangelo12:


People would get a product - refined petroleum products.

Nigeria,since before Abacha's death has never been able to fix her refineries.

As soon as a private citizen builds one, your likes start insulting, inveighing and lambasting him.

Some of you lack a conscience.

Are people not getting cement?? People will get refined petroleum at a cost. The refinery will not be running at a profit. Most refineries aren't running at profits despite high oilmprices anymore because we are in an energy transition period, they will issue and IPO and the traded shares not the company itself will be what the profit or losses will be based on. Its a legitimate ponzi scheme.

PNomsule:


Dey play... I sense pride, u go soon jam. No be prayer o, na law of structure and flow... remember, pride comes before a fall

So, i should let people steal from me so that I don't sound 'pride full' ?

sapele914:
Please shut up, despicable Mumu.

Point out what I said that is false or remain a mumu for ever.