I'm really surprised that many people including "educated" Nairalanders can not tell the difference between a Ponzi and an Investment scheme.
This Ponzi scheme (MMM Nigeria) will surely collapse, it's just a matter of time. I personally withnessed the MMM collapse of the 1990s and 2011 hear in Ukraine. Sergei Mavrodi is a fraudster, just like 419 or Yahoo-Boys but only bigger. My advice- just stay away from it.

#1,839714.71

If the interest is compounded yearly and added at the end of each year.


Year Year Deposits Year Interest Total Deposits Total Interest Balance
1 $24,000.00 $1,533.00 $24,000.00 $1,533.00 $25,533.00
2 $24,000.00 $4,596.96 $48,000.00 $6,129.95 $54,129.95
3 $24,000.00 $8,028.59 $72,000.00 $14,158.54 $86,158.54
4 $24,000.00 $11,872.02 $96,000.00 $26,030.56 $122,030.56
5 $24,000.00 $16,176.66 $120,000.00 $42,207.23 $162,207.23
6 $24,000.00 $20,997.86 $144,000.00 $63,205.09 $207,205.09
7 $24,000.00 $26,397.61 $168,000.00 $89,602.69 $257,602.69
8 $24,000.00 $32,445.32 $192,000.00 $122,048.01 $314,048.01
9 $24,000.00 $39,218.76 $216,000.00 $161,266.77 $377,266.77
10 $24,000.00 $46,805.01 $240,000.00 $208,071.78 $448,071.78
11 $24,000.00 $55,301.61 $264,000.00 $263,373.39 $527,373.39
12 $24,000.00 $64,817.80 $288,000.00 $328,191.19 $616,191.19
13 $24,000.00 $75,475.94 $312,000.00 $403,667.13 $715,667.13
14 $24,000.00 $87,413.05 $336,000.00 $491,080.18 $827,080.18
15 $24,000.00 $100,782.62 $360,000.00 $591,862.80 $951,862.80
16 $24,000.00 $115,756.53 $384,000.00 $707,619.33 $1,091,619.33
17 $24,000.00 $132,527.32 $408,000.00 $840,146.65 $1,248,146.65
18 $24,000.00 $151,310.59 $432,000.00 $991,457.24 $1,423,457.24
19 $24,000.00 $172,347.86 $456,000.00 $1,163,805.10 $1,619,805.10
20 $24,000.00 $195,909.61 $480,000.00 $1,359,714.71 $1,839,714.71

Regular Deposit Calculation Base amount: $0.00
Interest Rate: 12%
Effective Annual Rate: 12%
Calculation period: 20 years

Aeroflot(Russian airlines) has one of the worst safety records in Europe and the Western world.
If you want safety in aircrafts, better stick with Boeing or Airbus. Don't let apperance deceive you.
By the way, " Sile12" is a Russian internet Troll trying to score a cheap PR.
To Russians, I say get the hell out of easthern Ukraine before more and more of your soldiers are captured.

On November 20, 2014, every parent’s nightmare became a reality for 42-year-old Ayedun Shitta-Bello. It was a normal Saturday.




Hmm. Something doesn't add-up here. November 20, 2014 was a Thursday not a Saturday.

If there are no ways to verify the facts or the facts don't add-up, there is a chance the story is cooked-up.

I will say to each of them,
" if I ask your sister to show me the road that leads
to the village,which direction will she point to?"

Then I will go in the opposite direction.

My 2 boys napping.

My 3 kids.
David, 7 yrs
Esther, 13 yrs
Emmanuel Jnr 19 yrs

The pictures are a fews years old.

A very interesting post. By definition "Financial Independence" is a term generally used to describe the state
of having sufficient income from your investments to live comfortably and indefinitely without having to actively
work for basic necessities. For instance, A piece of property you bought generates a monthly rent that is equal
to your monthly salary.
Another term closely related to it is "Financial Freedom" which, in a nut shell is, when the monthly income from your investments is equal to your monthly expenses.
So, may I suggest that neither self-employment nor being employed by others will lead to Financial Independence/Freedom
b/c in both cases you have to WORK ACTIVELY. The emphasis should be PASSIVE INCOME. It definitely leads to Financial Independence/Freedom.
Finally, I believe to achieve FI or FF you have to (1) have an Income, (2) Save part of it, (3) Invest your savings and (4)grow your portfolio by re-investing the profit until it generates enough PASSIVE INCOME for you to live on without having to WORK ACTIVELY except if you choose to.

About 3850km in one go, I drove a Mercedes-Benz Vito 111.

I drove from Stockholm(Sweden) to Brussels( Belgium) through Denmark,
northern Germany and Holland.
Then drove back to Vinnytsia(Ukraine) via Holland, Germany and Poland.

I flew to Sweden (from Ukraine) where I bought this Mercedes, then
bought a bus in Brussels and had it shipped to Naija before driving
back to Ukraine.

Samo vita (manka) ---------------1kg ------ $0.62
Rice Thailand long grain--------- 1kg -------$1,45
Sugar --------------------- 1kg--------$1,25
Potatoes (Irish) ------------------ 1kg -------$0,4
meat (without bones) ---------- 1kg -----$7
Chicken (frozen) --------------- 1kg------- $2,8
Eggs ------------------------------- 30pcs--- $3,7
Milk (pasteurized ) --------------- 1L ----- $1
Cooking Oil (Sunflower) --------- 1L------- $1,7

SOURCE ------- My wife.
LOCATION-- VINNITSA (270km south of Kiev) UKRAINE.
TEMPERATURE-- Outside temperature as @ yesterday evening -22C.

N.B The average monthly salary is $400

An educated man is any person who knows how to use what he/she has to acquire
what he/she wants, without violating the rights of people. Examples would include
people like Thomas Edison and Henry Ford without much formal education. And that would
exclude armed rubbers with university degrees or pen-rubbers(some of our politicians)
with more degrees than a thermometer.

The question of accepting the man's surname or not after marriage depends to some
degree on her age. By the time most single ladies hit 40, that question is no longer an issue.
I'm just wondering, if faced with a choice of either accepting the guy's surname or staying
single their whole life, what will most ladies prefer?  Sisters, go ask your moms.

It is  certain he is dead. Now the question is how will this affect world peace, will the
Americans scale back the war on terror?

Well, as long as the business does not interfare with or hinder the preaching of the Gospel.
But if it enables the Gospel, then there is nothing wrong with "TentMaking" like Paul did.

Hard to believe these people could murder innocent women and children in cold blood.
Just look at the pictures of their victims. Warning!!! The pics are horrible