₦airaland Forum

kavey10:
You're a liar! Post those screenshots with time stamps.

Who is this? Abeg swerve....

You are right all I said are lie

kavey10:
You're just shameless, jobless and disgusting. "The attack dogs made it a personal thing for me to see this through".

Get a life!

No shame bro, evil reigns when good people look away. If some criminally-minded people will aggressively push a scam and believe that by insulting or threatening me, they'll get me to look away, they are very wrong. It just becomes my motivation to see it to the very end.

Some people have also reached out to thank me for saving them from making a big mistake. Some others may not say it, but I'm sure they are thankful for the warning

Someone chatted me that I and some others on this thread caused the issues MBA forex is having.

My response :

1. while I know this thread has a lot of impact, it's overestimating what we do here. A lot of contributors (investors) already planned cashing out by December.

2. MBA forex is only experiencing issues because it is a ponzi business disguised as a forex trading buisness. I'm sure there are real forex traders here who can confirm MBA forex claim of being forex traders is a ruse.

3. I have a clear conscience and hold no grudge against no one (even the ones that went as far as abusing my parents),I did what I did to help others. MBA forex will always result in tears and pain (if not now, later) , because that is way all ponzi end

4. If there's any one to be pissed with, it is the MBA forex owenr (the ponzi maker) and deliberately mischevious promoters on the thread. They were contributors who, although they knew MBA forex was a scam, invited others in and attacked any dissenting comment because they wanted to ensure they successful exit the pyramid before it crashes (that's how evil some people can be)

Indeed, many of them even came boasting after issues came up that they have made their profit and they have nothing to lose if MBA forex closes shop now. They've about all disappeared now (the ones still here are likely still in a loss position but hoping to turn it to profit by keeping the pyramid going)

5. As to why my focus is MBA forex, indeed there are many HYIP (not necessarily all) in the investment section that are scams/ponzi, MBA forex was one of the clearest and biggest.

For all what people have said here. I don't have that time moving from thread to thread hunting ponzi. More so, the attack dogs here, made it a personal thing for me to see this through .

However, anyone who has carefully read this thread by now should know which HYIPs are ponzi.

Andyblaze:
Talented singer & rapper Andy Blaze drops the visuals to his 2nd Single of the year "Kilode" which is a totally classic interpretation of this danceable Afro-pop tune.
With a funny storyline to keep you glued to the screen as it all unfolds, Kilode is definitely a song that will have you nodding along with its easy-to-sing-along lyrics.

Check it out below


https://www.youtube.com/watch?v=PFr5wwuqhnE

Nice one bro, there are people with songs not this good making waves, keep it up

Favoured35:
You guys should take a chill pill on all this talk of lawyer, court, sec etc. If old investors who have recovered their capital are talking like this, what do u want new investors like myself who invested heavily to do?

The mgt of the company has addressed investors and taken time to explain things. Please lets give them benefit of doubt for atleast the 1 month window they said (or 7 to 14 days from due date).

Dont plan with November ROI so as to avoid unnecessary apprehension/panic. Baba has said they will extend the contract just in case the ROI does not come in this month.

Abeg make una chill... My money still full MBA.

Thank you

Guy I hope the bolded is not true, l'll be surprised anyone following this thread still fell for it. A lot of us took insults and personal attacks just to pass the warning across weeks back.

For your sake I hope MBA continues paying steadily

Advision:
Let me quote those that have been abusive, their attention is needed here:

50nizzy (supporting attack dog)
Drakpa (the prodigal son)
Youngbuffet (self proclaimed billionaire)
Tope77 (resident fake pastor)
akinonigbinde (chief attack dog)
DragonFire433 (another attack dog)
iyobosadavid(apparently ignorant fellow)
legacystore (another ignorant fellow)

There are some investors who will rather have their money now than wait for two more months to ask for it.

You guys truly believe MBA forex is genuine and have not been deceiving others here.

Kindly offer to buy off their accounts (I.e increase your investment in MBA forex)


Watch as the hypocrites turn down such a good offer to invest more in their beloved MBA forex

Since morning, not one of the attack dogs could take the offer, empty vessels making so much noise.

50nizzy:
Young Man, I warned you to save yourself from further embarrassment but it is clear you are too foolish to know when to stop your folly.

1 - Your Mother have 5 children and you are the third child. When you gather together with your siblings, you guys can look at each other and call yourselves useless attack dogs born by the same woman.

When you see your siblings, tell them all of you are the Prodigal children of the same woman.

When you look at the mirror, tell yourself that you are the fake Accountant of the family of Dogs.

.l.....

3 - I would take up your stupid offer to rescue MBA Investors if you can tell me the number of Investors Cecilia Ibru rescued before Oceanic bank collapsed.

Tell me the number of Investors the owners of Intercontinental bank rescued before and after the collapse of the bank ?

The pained attack dog , your fellow attack dogs have all gone quiet. You are the deaf one that never hears the hunter whistle.

kindly bail out one person and stop your ranting. Cecilia Ibru is your role model

kelly1980:
What does this signify to you? Liquidity issues. If MBA had money, will Maxwell be paying from his personal account. He hasn't started paying. Very soon he will be making those Payments from the kuje prison.

According to MBA forex you're termination of your investment is not allowed within this year (until 2 months), so the fake Dr from Arlington sending you termination form, I just laugh at his case

DrAkpa:
You were born in 1990.look, probably you are still being fed by your parents. I am not in any way your age mate even by a decade, therefore I will not respond directly to your quotes. You don't know anything about life. You think life is all about propounding stupid theories and philosophies. Son, get out

The great elder, I'll stop responding to your mention until you prove you are half the man you claim.

Go and put your money where you mouth is. Somebody wants to terminate his 2million naira investment in MBA Forex, go and take it up.

If you do this I'll never comment on this thread again

The prodigal son . Your family in the ashewo thread are missing you.

DrAkpa:
Animal, I have thrown the challenge open. Drop your LinkedIn profile and I drop mine, then we can figure out if you will be able to tie my shoe lace if you are lucky enough to meet me off-line.

BE A MAN AND TAKE UP THE CHALLENGE

Oga, go and bail those who want to exit MBA forex.

We know you are very accomplished, be a man and do the needful or STFU

YoungBuffet:
U don't know me so I don't need to exchange words with you

Fem!!! Youve been insultive since, suddenly you are gentle.

Bro, youre criminally minded, I put it to you, else go and bail those who want to exit from MBAF.

A man puts his money where his mouth is, except of course you're not a man. Nairaland may be faceless, but we can tell a boy from a man by the way they act.

Audio billionaire

Cc: jabolo

YoungBuffet:
Fool everywhere when I don make profit already and they are crying for me instead of them to cry for their hopeless situation

Last last, it's every man for himself. The bolded is the truth about those who have been attacking me, they wanted the scheme to last long enough for them to make a profit while others who were encouraged to come in will take the loss.

They all knew this was ponzi.

I made them an offer to take up more shares in MBAF, they all pretended not to see it.

Set of evil criminals forming billionaire

I may not pack a full wallet but I'm very sure you cannot stand where I stand, you deliver no value, I create value and that is what it takes to stand out and be counted as a changer in your generation.

Warren Buffet my foot, your behaviour is an insult to real investors

Let me quote those that have been abusive, their attention is needed here:

50nizzy (supporting attack dog)
Drakpa (the prodigal son)
Youngbuffet (self proclaimed billionaire)
Tope77 (resident fake pastor)
akinonigbinde (chief attack dog)
DragonFire433 (another attack dog)
iyobosadavid(apparently ignorant fellow)
legacystore (another ignorant fellow)

There are some investors who will rather have their money now than wait for two more months to ask for it.

You guys truly believe MBA forex is genuine and have not been deceiving others here.

Kindly offer to buy off their accounts (I.e increase your investment in MBA forex)


Watch as the hypocrites turn down such a good offer to invest more in their beloved MBA forex

Enosa1:
Which kin country be this self. The systems are not working at all. The family members just still billed the eldest son of 15yrs the sum of 250,000 for funeral rite all in the name of tradition. Na we uncles and aunties wan still chest that one. It's well oo.

Amen to your prayers.

The Nigerian army was caught on camera shooting unarmed civilians protesting legitimates issues in Lagos, till now no justice. In fact the protesters are the ones being dealt with. This country is gone till at least 2023.

Sorry, but I doubt anything can be done.

On the other hand, your family members "billed" a minor 150k and your not kicking against such stupidity in the name of tradition? Leave FG, face that one for now.

Muslims dig the ground and bury their dead (without even using coffin) the same day, why will you bill the family of a taxi driver with 8kids 150k?

With less than 10k the man can be buried, that is what you should be fight for

The IG session did not put issues to rest and I'll highlight some other perspective they deliberately avoid.

1. Is MBA forex facing a cash crunch?

The answer is almost certainly YES. Freezing termination of capital for 2 months and keeping "offline" investor at the bottom of the list is a way to keep the limited cash in the system circulating

It's one thing to tell offline contributors that for administrative reasons they will experience delays, it's another thing to tell all contributors that they cannot access their contribution till January next year (this is cannot be as a result of an admin challenge)

2. Will MBA forex survive beyond Dec?

Most likely yes, albeit with delays.
Freezing withdrawals (both offline and online), means the system can conserve cash to keep paying online "investor (& offline investors) if funds permit.

Unlike mmm where 100% of the capital is returned after just one month with 30-50% ROI, MBAF returns only a 15% "ROI", and holds the premium for at least 6months.


3. Will things be back to normal by January next year

Most likely no, while the contributions from online investors (who may keep investing because they are still getting paid) will keep thing going, it won't be adequate to cover every contributors pay-out (ROI+matured capital).

Also, confidence in the scheme is also impaired, without contributors bringing in more than they takeout, the scheme will not be-able to meet it's matured obligation

Lastly there are many new "investment companies" still paying, many newbies will rather go there, since most don't have any payment issue (just yet)



My conclusion?

- MBA could survive to next year (since capital withdrawals are now frozen

- delays will continue into next year (don't count on what they just said)

- contributors will have to take a haircut or forfeit entire contributions for the system to go back to normal (at least for now)

-within 6-12 month when many online contributions become due, the system will face this same issue again (I wonder what they'll do then)

I had expected contributors to ask for the management or audited account of the company, so they can see for themselves they state of the company's "trading" activities and assess their portfolios, but many contributors are not normal people (from the way they behave here), so I'm not surprised this did not come up

As usual, I come in peace

airsaylongcom:
This then supposes that the last fresh investment was 6 months ago right? Which is why there is a "cash crunch" now yeah?

So how come online investors are being paid without hassles? Is it possible that the delayed payment for offline and prompt payment for online could be a tactic to get people to migrate to the online platform?

You're one of the very cool MBA forex guys, although, you tactically avoid the thorny issues,
you have my respect for your cool demeanor.

As for the attack dogs, barking never killed a man .

I'll be back to comment on the last information

marksburg:
Hello friends,

Please can anyone tell me how to recover my money from iGi insurance?

In 2014, some of their agents sold me a policy where I was depositing 10k monthly out of my monthly salary. The package was for 5yrs.

Last year, I wrote to take my money after the policy was due. They sent me necessary documents which I signed and sent back to them. Since last August until now(one year) they have refused to credit my account.

I have sent out several mails and called their office line. All I hear now is my money will be paid soon.

This is becoming annoying as i currently need my money back. I have thought of travelling down to Lagos to visit their office but my job hasn't allowed me.

Please I need advice. Is there a regulating body I can contact? All I want is my money and I don't care how this is done. Pls advise me.

@MOD pls help move this to front page as I need all the inputs I can get.

Who have you been contacting? IGI through their official channels or the sales agent?

Also, did you pay your premiums to IGI or to the sales agent?

I once took out one of such hybrid( insurance + investment) schemes with Mutual and it turned out well, I don't expect IGI to do otherwise.

Also, report to NAICOM if their official channel isn't responding. They are suppose to keep a certain sum from premiiums paid to ensure claims are adequately covered

50nizzy:
And people are suppose to take advice from you ?

You that cannot even admit in a faceless forum that you have lost money before when you were actively promoting MMM on Nairaland ?

We would rather take advice from someone that is NOT ASHAMED to tell us that he has lost money before.

Then we would know that at least he cares and he is speaking from experience.

You and Jabolo (TheOutsider) are such fake people that only a fool would take your words seriously

You are a Bloody Liar and should not be taken seriously.

Mr Truthsayer, my records are here on nairaland, show me where have I ever promoted MMM or any type of ponzi?

My only misfortune is listening to people like you way back then when MMM was around , it's all good though it has made me a better person and that is why I can more easily identify a ponzi when I see one, and I can tell there are better ways to financial freedom than ponzi.

So, other here who don't want to suffer the same fate many suffer with MMM, I will advice they desist.

Many of them attacking me here, are scared they may never fully recover their money (one is even under the illusion MBA forex will run for 10 years ). I weep for you, go and check any of your mentors and see who made it through ponzi or shady HYIP (lazy nigerian yoots )

YoungBuffet:
Thoug u did not quote me but if mba Ponzi as you call it last for 10yrs u think many people will not be lifted out of poverty? I as a person by God grace will buy up reasonable stake in a well run companies with mba money of 10yrs and that can be given me about 25m in dividend yearly till I go back to my God them my posterity takes over from there. Nothing last for ever but make use of the opportunity while u can. The investment is not for the faint hearted.

For every gain you make from ponzi, it becomes someone else's loss when the scheme fails, theres nothing good about such.

As usual, I expect you to start another round of insult

I come in peace

narit:
Lol...This statements seems to be coming from someone who dines with maxwell, i presume. Isn't it funny, every naysayers seems to know every reason why MBA should fail. I have been hearing this since last year and honestly it never get old.
"Failures sees every reason why it should not work, and see no single reason why it should work"- Oscar Wild

Bernie Madoff (arguably one of the best ponzi operator) ran it for over 10years in one of the most regulated markets on earth, so MBA trading lasting 2-3 years does not legitimize it

YoungBuffet:
Guy give your people at home a clear point not me, they needed it most and not me. I don't need any advice from you cos I don't borow money from you to invest. Now face front.

My comments were not meant for you, those that it's meant for know. Ignore them next time you see it.

I come in peace

YoungBuffet:
keep On your motoring work, Rodent.

One bitter and un-understandably pained billionaire spotted.

Keep the peace bro.

I gave you clear points, try respond without insults

Sapeleboy911:
On a serious note some of the comments by MBA investors is turning into something else. Your father this, your mother that, and all manner of abusive words some are even making threats on peoples lives. Haba this is totally uncalled for.
No matter how good, or bad an individual, an investment, or a product is. There will always be critics and naysayers. That is life for you. Even with the millions of dollars Bill Gates has spent on philanthropy around the world, some people still see him as a problem creator for the world. Even when treasury bills( fully backed by the ....

Well said bro.

I remember saying MBA forex will struggle with payments as Dec approaches because it operates as a pyramid even though it claims to be into forex trading.

Not enough people are bring in their money to bail the exiting participants, hence you hear things like delay, 1 month suspension, offline and online.

Otherwise, I'lld expect Maxwell to come out with evidence that they made loses on their forex accounts hence the delay, but he has not made such claim because he cannot back it.

Maxwell is banking on restoring confidence in the scheme by keeping it going (albeit with delays and suspensions), hoping he can lure back contributors by next year. The risk though is that the scheme would heamorrage and die from excessive withdrawals and failure to rollover from existing contributors.

Apparently Maxwell is prepared for both option, he has reduced his ownership in MBA forex to a paltry 1% and brought in "directors" who are non-residents. If Kasala burst he has a case to prove he is not the major promoter.

I have made my analysis objectively based on what I can see here, as usual I expect some people to quote me with so much bitterness and un-understandable pain

Cc: jabolo

akinonigbinde:
Nothing for you.
No wonder, as if i knew, an idle hand is the devil's workshop.
So, you're GAINFULLY UNEMPLOYED.

As I from now I promise not to engage you again in investment discourse.

Cos the FED and the HUNGRY cant reason alike.

I deliberately avoid responding to your mention because many of them were shallow, but I'll admit this one made some sense. You're right, I'm not quite busy today, e get why.

Secondly, I'll leave you with a time tested quote: "a hungry man, is an angry man".

Re-read your comments on this thread and ask yourself who the hungry man has been.

stay hungry, stay foolish ....(Steve Jobs)....my personal mantra

YoungBuffet:
Nigerian lazy youth spotted, don't you have meaningful things to do with your time rather than being a rodent up and down?

At all bro, just idling away. Anything for me?

BillyInvestor:
se una don hear, if you're not paid roi for December don't panic, 1 month extension will be given to you. We are trying to merge so roi's might be delayed.

Everyone calm down

this thread is comic relief, I was on my own and people invited me here again. I didn't say anything oh, let no one quote me.

I come in peace

The truth hurts sha

So much aggression, anxiety, cursing and pain.....I empathize with you guys.

As usual, I come in peace

For all the many mentions here, thanks I'm unable to reply everyone at the moment, but for the sake of those calling me back to this thread


MBA Forex is a scam/ponzi, he who has ears, let him hear

Have a great week ahead

akinonigbinde:
No, there is no need to let it rest for now.

You must be sick mentally monitoring people's welfare and investment up and down.
Go get a life.
He who doesn't have what we have can not value what we value.
Mr. Monitoring Spirit, take this as a last warning, if you don't want to buy a bad market.

Mr Odufuwa, don't hunt what is not hunting you. You can push it further and see what lies at the bottom.

People are free to express their opinion on this site. Threatening people is a big no no. Be guided

DrAkpa:
Its Better you don't respond for your own good. Stick to the discourse of the thread, anything apart from that, and you will find it hot and brutal

You again aka Newdelhi? I promised not to respond, I'll keep my word.

YoungDaNaval:
You dey Bleep up big time I swear. You no dey try at all

Bro, I have off the mic, it's some people still calling me here.

I'll resist the urge to respond to them

50nizzy:
If What I am saying is a BIG LIE, Open that your Dairy (TheVision) for Nairalanders to see. You decided to Hide the thread because you want to cover your Shame.

If you don't open it and continue to talk trash here, I would post the Screenshots of whatever you are trying to hide in that dairy. it is not a THREAT.

You're dull sha, I'll leave you to keep guessing as to why you can't log in to the diary section.

Nobody should tell him why