₦airaland Forum

MMM seems like one acronym many
Nigerians will not forget in a hurry. The
Ponzi scheme has taken Nigeria by storm
with many sinking huge sums into it
despite clear indications that it might
crash.
MMM Ponzi scheme
According to Wikipedia, МММ was a
Russian company that perpetrated one
of the world's largest Ponzi schemes of
all time, in the 1990s. By different
estimates from 5 to 40 million people
lost up to $10 billion. The exact figures
are not known even to the founders.
It is also vital to note that 50 investors
in MMM committed suicide in 1994
after it crashed. The police closed the
offices of MMM for tax evasion on July
22, 1994. The company tried to continue
the scheme but the business shut down.
Now that Nigerians have taken to MMM
in a huge way, who are some kinds of
people that will feel the brunt if MMM
crashes?

1. Nigerians who resigned their jobs
While it is quite strange, there have
been stories of Nigerians who left their
jobs because MMM started paying well.
These set of people feel that MMM is a
more easy way to make money and so
they have quit their jobs.
If the scheme crashes today, this set of
people will be left with no means of
income and no job.

2. Nigerians who invested their savings
The news that MMM is paying has led
many to invest their entire life savings
in the hopes that they will get huge
returns based on the percentages. What
happens when the scheme collapses?
Losing their entire life savings is
something that will lead to huge
problems for many Nigerians.

3. Those who sold their property
In the hopes of huge returns, many
Nigerians have sold their properties and
put the money gotten into the MMM
scheme. Lands, homes and other
investments have gone into the scheme.
What will happen to such people when
it crashes?

4. Those who got married with MMM
money and no jobs
There have been stories of young men
who upon getting their first MMM
payment, decided it was time to settle
down and get married. What happens
when the MMM money dries up?? They
will find it difficult to cope, if they do
not have an extra means of income.

5. Bankers
While this might sound strange, there
have been stories like this: "Some
bankers who usually invest as much as
N10m out of customers’ savings just to
get a profit of N3m in return. We
recently heard the story of a bank
manager who committed suicide due to
debt."
To round up, this quote is fitting to
represent the situation of Nigeria as
regards MMM.
"It is easier to find a virgin in Nigeria
than to find a non MMM participant." -
Arinze Esomnofu

PRESIDENT Muhammadu Buhari has congratulated the candidate of the New Patriotic Party (NPP) and President-elect, Mr. Nana Akufo-Addo, on his historic win of the December 7 Ghana’s presidential election. President Buhari also commended the government and people of Ghana, their electoral commission and candidates of the political parties for the decorum, maturity and peaceful conduct of the election that produced a winner from an opposition party, who was contesting for the third time. Special Adviser to the President on Media and Publicity, Femi Adesina, in a statement, said President Buhari also extolled the statesmanship and great leadership qualities of President John Dramani Mahama, saying he came into power at a trying period for the country with the passing away of former President John Atta-Mills and kept pushing for a better life for all Ghanaians and strengthening diplomatic relations with countries in the sub-region, especially Nigeria. He noted that Akufo-Addo is well experienced and skilled in leadership and would build on the legacies of Mahama. He particularly commended Mahama for the great courage he exhibited in calling his opponent and conceding defeat, stressing that leaders must always honour their pre-election pledge to accept the results of polls as the will of the people. The President said he was optimistic that the future of African development rests on building strong political, democratic institutions, ensuring free, fair and credible elections, and respect for the sanctity of the ballot. He urged the President-elect and other winners of the parliamentary elections in Ghana to be magnanimous in victory, while urging losers to explore peaceful and legal mechanisms to challenge the outcome of the polls where necessary. President Buhari said the greater interest of the country and the stability of the sub-region should be uppermost in the minds of all stakeholders. He wished Ghana a smooth transition of power, adding that he looks forward to working with the President-elect. sunnewsonline.com/buhari-congratulates-ghanas-president-elect-nana-akufo-addo/

Gov Umahi has denied leaving his party PDP for the APC - The Ebonyi state governor says those making the speculation are only dreaming - He says the PDP will collapse if he leaves Governor Dave Umahi of Ebonyi state has claimed that the Peoples Democratic Party (PDP) will collapse if he leaves the party, The Nation reports. Umahi remarks comes on the heels of report that the governor is making final arrangements with his deputy to jointly move to the All Progressives Congress (APC). https://www.naij.com/1077109-pdp-collapse-i-move-apc-governor-umahi.html

Governor Nyesom Wike of Rivers state has
alleged that two agents of the Peoples
Democratic Party (PDP) were shot dead in
Bodo-Ogoni in Gokana local government
area of the state by security agents, The
Nation reports.
The governor fresh allegation comes just
after the Independent National Electoral
Commission (INEC) had announced that
there were dynamite explosions in
Akuku-Toru LGA as some of its officials
were attacked in Khana local
government and Tai state constituency.
Wike alleges that two PDP agents were killed in
Ogoni
However, Nnamdi Omoni, a Deputy
Superintendent of Police (DSP), hasn’t
reacted to Wike’s allegation as at the
time of filing this report.
Recall that bomb blasts was reported in
Abonnema-Kalabari, the headquarters
of Akuku-Toru LGA of the state as
election was postponed in the area till
Sunday, December 11.
It was gathered that hoodlums equally
engaged security personnel in heavy
shootout in Bori, the traditional
headquarters of Ogoniland
https://www.naij.com/1077100-rivers-rerun-2-pdp-agents-killed-ogoni-wike-alleges.html

The media office of Rotimi Amaechi says the minister could not vote in today's Rivers rerun election - His media team says the ex-governor could not vote due to the disappearance of result sheet from his unit - The presiding officer in the minister’s unit, has been detained by security officers following the disappearance of the result sheet https://www.naij.com/1077102-just-in-rivers-rerun-amaechi-unable-vote.html

Intermilan Manager Frank De boer Have Been Sacked After Conceding Defeat To Sampdoria In A One Sided Game. He Has Registered Only 5 Wins In 11 Goals, The Club Youth Coach Will Be The Temporal Manager.

Mehn Anybody Still Waiting For Something Good From This Government Is A Dullard Jst Lyk Our USELESS Presido

Raid Judges Homes At Midnite, Detain Certain People Against The Rule Of Law, Freedom B4 Bt Nt Afta Speech, Recession, Hardship, Making Stupid Comments... This Are All The Product Of His HONESTY.Mehn I Hate Honesty If this Is What It Buys U

Airoflaw:
i dont understand you yet...is it dat you ddont like your church probably your fathers church.. then let d holyspirit lead you to a church where you spirit can be lifted and where u will enjoy going where you know if you dont go you will miss alot

I Don't Want To Attend Any Church, I Jst Want To Worship God Personally

Frankly Speaking 90 Years Is Okay,i Don't Want Anybody Seeing As A Burden... Watin I Go Still Dae Wait For After 90 Years?

flamingREED:
When we say some of you were never Christians,
Some think we're illogical.

Acts 2
46 And they, CONTINUING DAILY WITH ONE ACCORD IN THE TEMPLE, and breaking bread from house to house, did eat their meat with gladness and singleness of heart,

Acts 20
7 And UPON THE FIRST DAY OF THE WEEK, WHEN THE DISCIPLES CAME TOGETHER to break bread, Paul preached unto them, ready to depart on the morrow; and continued his speech until midnight.

Hebrews 10
25 Not forsaking THE ASSEMBLING OF OURSELVES TOGETHER, as the manner of some is; but exhorting one another: and so much the more, as ye see the day approaching.

Repent from disobeying your dad.
It's sin.
It doesn't matter how your mum feels in this matter.

I Didn't Say I Am Not A Christian, I Love God So Much,all Am Saying Is Why Can't I Worship God In The Comfort Of My Room? Or Beta Still Why Can't I And My Brothers And Sisters In Christ Gather In The Comfort Of Our Homes?

petra1:
Hebrews 10:25 (KJV Strong's)
Not forsaking the assembling of ourselves together, as the manner of some is; but exhorting one another: and so much the more, as ye see the day approaching.

Gathering Of Ourselves, Where? Is The Church The Only Place 4 Gathering.I Read The Book Of Act Of Apostles, And The Bible Neva Said The Appostles Met Together On Daily Or Weekly In A Church, But What It Does Says Is That The Church(i.e The People) Gathered Together From Time To Time.

Mynd44:
Why not talk to your dad about this instead of ballantly disobeying him?

Help him understand how you feel and hope you can come to a compromise.

That Is The Problem, He Doesn't Want To Listen To Me,yesterday We Ha A Heated Argument,my Mom Begged Him,xo I Thought He Might At Least Calmed Down.Do U Knw What He Did Next? He Threw Me Out Of His House... I Mean Which Father Does That, Cos Of A Little Argument? I Clearly Thinks He Is Obsessed With This Church Going Of A Thing, Truth Is I Have'Nt Seen My Dad Since Yesterday's Nite.

My Names Are Clement Ifesinachi Robert (not Real Names Though; My Dad Is On Nairaland).
Well, Here Is My Problem Ever Since I Knew Myself As A Kid I Always Knew Church Going Ain't 4 Me, Have Always Been Forced To Go To Church As A Kid, I Kinda Told My Dad That I Want To Stop Going To Church,what Did He Say? Clement U'Re My Son,i Pay Ur Fees, Feed U And You Live Under My Roof,so U Got To Obey My Laws; Going To Church Aint A Choice It's A Must.I Was Devastated To Say The Least, As An Adult I Thought I Could Make My Own Decisions, So Yesterday I Didn't Go To Church,and As Am Writing This I Have'nt Eating Since Yesterday's Afternoon.Pls Nairalander's I Need Your Help On What Step To Take Next?
Pls I Need Ur Help ASAP.
P.S; Am Not An Atheis,I Love God, Bt Going To Church Kinda Seems Lyk A Ritual To Me,when I See My Freinds Every Sunday The First They Say Is "u Don Go Church" If No They U Re A Pegan.Am Begining To Wonder Is Going Church A MUST For A CHRISTIAN?

This Administration Takes Nigerians As Fools,thinking We Are All Gullible Lyk Their Blind Supporters... Na Wating U Pay 4 Na E U Go Get
Truely U Don't Knw The Value Of What U Have Until U Lose It.
GEJ WE LOVE U
GEJ WE MISS U
GOD BLESS GEJ
GOD BLESS OKONJO IWEALA
GOD BLESS NIGERIA
#WE NEED LEADERS AND NOT RULERS

The old man Ain't Far 4rm The Truth Bt He Should First Sack The Chefs And Cleaners He Has, so his wife can make it her full time job... cos it seems She Doesn't Have 1 Apart 4rm Saying Stupid Things In Unnecessary Interviews.

Who Wants To Protest Or Cause Riot When He Has Not Eaten,nigerians Are Surfering, Hunger Everywhere U Turn, Sucide Is On The High because Of Bad Governance And The Only Thing This CLUELESS old fulani man could say is nigerians Are Not Protesting.
GOD HELP NIGERIA

His Wife Belongs To His Kitchen,the Living Rum And The Other Room?... Am Sure He Has Chefs, Cleaner's And Maybe Even A Mistress,why Have Them If Its Ur Wife Job? This Jst Goes To Show That Our President Is CLUELESS, SHAMELESS AND USELESS,always Going Out Of The Country And Making STUPID Comments.I Wonda What The Germans Gave Him To Eat

Every Sane Nigerian Knows That In This Old Man's Government, After Press Release/confirmation Cums Denial

Guys No Dae Dull... Especially 4 This Economy

Most Times When I Hear The President Say He Is Fighting Corruption,i Jst Laugh... Cos The Very People He Is Suppose To B Fighting Are In His Cabinet And Party.

Apart 4rm Few Ministers In This Government I Don't Think The Rest Knws What They Are Doin... They Still Think It Is Politics,blaming Past Govment 4 The Present Woes, Forgeting That Nigerians Knew About The Corruption In The Past Administrations Thats Y We Voted The So called "change Agents"...I Jst Pray They Change Our Economic Status Before...

Hope God Also Revealed To U That APC Will B Voted Out Come 2019... Useless Government

I Attend The Roman Catholic Church.I Love The Way She Is Organised (the Daily Readings Are The Same Everywhere,their Yearly Calendar), Her Priest Clothings,the Way She Organises Her Ceremonies (very Colourful), It Is A Church With Many Historical Buildings (i Hope To Visit One Day), And A Great History (although Their Are Somethings I Ain't Proud Of),the Way She Honours The Mother Of Christ (although Some Say We Worship Her), and Above All I Feel Happy And Comfortable To Worship God As A Roman Catholic.