₦airaland Forum

All those who haven't received their cards, just contact them on Facebook and explain the situation. They'll use registered mail and you'll get your cards. No need to pay $50 for DHL.

nurez305:
Nawa oooo....is it your money?

Are you asking me or the newspaper?

prettyboi1989:
the "pass out" "earthquake ft labrinth" "trampoline" "frisky" crooner. grime artistes are the bomb.

He's not a true grime artiste.

Seun, Lalasticlala help liberate Nigerians.

MMM Global: Russian ‘Ponzi scheme’ from 1990s reborn and now ‘spreading like wildfire’ in Africa

Members insist the scheme is totally transparent – but it has been repeatedly condemned by authorities

Thousands of investors are feared to have lost their money after a pyramid scheme run by a convicted Russian fraudster crashed, somewhat predictably, in Zimbabwe.
MMM Global has swept across Africa, with branches promising returns on investment of 30 per cent a month in South Africa, Zimbabwe, Nigeria and some east African states.
It is masterminded by the former Russian politician Sergey Mavrodi , who went on the run when the original MMM – standing for Mavrodi Mondial Moneybox – collapsed in the late 1990s, losing investors an estimated $100m.
On its website, MMM Global unashamedly advertises itself as a scheme whereby new members “assist” older members by paying a fee to join. Older members are allowed to withdraw money after a certain period of time, and receive bonuses for encouraging others to sign up.
Mavrodi himself is reported to have gone into hiding after a separate entity designed to reward investors with the cryptocurrency bitcoin – dubbed the “Republic of Bitcoin” –
folded in April this year .
And since then, a criminal investigation has been launched into MMM Global’s branch in South Africa, after a probe by the National Consumer Commission “found something” to suggest the scheme was acting illegally .
With Zimbabwe’s traditional financial institutions in jeopardy and the country gripped by an economic crisis, thousands turned to MMM Global as an investment that was avowedly independent of government control.
That’s despite a warning from the Reserve Bank of Zimbabwe that the scheme was fraudulent. RBZ warned members of the public that existing investors were “paid money not from genuine market investment of their funds, but from contributions made by new investors, until a point when the scheme can no longer attract new investors”.
Sure enough, users reported being unable to withdraw any funds earlier this month. One told The Herald newspaper: “When we started putting our funds in the scheme one could get assistance within seven days but things later changed to 14 days and when we were shut out the waiting period was 21 days.
“What it simply means is that the number of people in need of help has outnumbered the number of people joining. Right now we have nowhere to get our money which we invested.”
Despite the cautionary tales of Zimbabwe and South Africa – and indeed the original MMM scheme – a branch is now proving increasingly popular in Nigeria.
The Central Bank of Nigeria has been forced to step in , warning consumers not to deposit money in any institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC).
The bank’s comms director, Isaac Okoroafor, described MMM Global as “a new Ponzi scheme … that is spreading like wildfire”.
“These people always come with very interesting propositions,” Mr Okoroafor said. “These are fraudsters who are just out there to collect people’s money and run away as soon as they hit their target.”
MMM Global’s members across Africa
continue to defend its legitimacy , publishing screengrabs showing withdrawals as proof the scheme pays out.
In South Africa, where a Ponzi scheme is defined as any investment where the return is 20 per cent higher than the repo rate (currently 7 per cent), an anonymous member told business website Fin24: “MMM honestly tell people how it really works and do not promise people any return on the investments.
“As a donation programme, how is it possible to lose your donation? In MMM people ask each other to help them. It depends on the members themselves to maintain the continuation of the process of the provision of help to each other.”
A number of South African banks have now started shutting down accounts they believe could be linked to MMM, while in Zimbabwe the trusted mobile money transfer company EcoCash has distanced itself from the scheme, saying it is “not liable for any losses arising from the use of EcoCash to engage in illegal activities such as Ponzi schemes”.

http://www.independent.co.uk/news/world/africa/mmm-global-russian-ponzi-scheme-from-1990s-reborn-and-now-spreading-like-wildfire-in-africa-a7333366.html

MMM Global Site and Founder ex-convict Mavrodi below.

onatisi:
God bless you hate. You sabi the job wella . No big grammar ,straight to the point. This is where experience comes in and not textbook medicine

DrAda:
Now this is getting interesting.
My dear, those lesions can never be molluscum contagiosum. I have spent 6 years as a resident doctor in Paediatrics and I have seen quite a number of molluscum contagiosum cases and they don't look like that. I must say that I am rather surprised it was even considered as a differential diagnosis. Again @op, wait for the dermatologist. If you had come to me, that will be my advice. Those lesions don't look like it is of an infectious origin. An experienced dermatologist can make the Diagnosis just by inspection only. I have sent your kids pics to a dermatologist, expecting her reply.

He's no doctor. Most likely a trado-medical practitioner and he doesn't know what he's saying. Wants to defraud poor people.

LuvU2:
wow thank u for this

My pleasure.

LePrezident:
Yvonne Nelson is Ghanaian not Nigerian.

Read what you quoted again but slowly this time.

LuvU2:
gal at kanayo's right is beautiful
Whar happen to yvonne.
mercy, kk

Her name is Regina van Helvert. Up and coming, quite talented.

YorubaStinks:
I heard some ignorant people saying that if you have tattoos that you can't donate blood and that's why C.Ronaldo doesn't have tattoos


This is plain stupidity


I have almost 50 tattoos and i donate blood every 4 months to help people

Liar!!!

Something wey I buy N460 today.

Jainine:
Use the link "if you didn't get the OTP"
And answer the questions there.

Dont enter wrong info. Co's your card will be blocked at the third wrong trial....

Although they are to stop their card usage for international transaction today.
Cc. chartey

Thanks very much.
You mean link on their website?

izikjon:
Been having issues with stanbic, can't get their OTP SMS on my reg line.

Which way forward pls

Not only you o. I've been battling with that for more than 2 months. They've done different things. They even deleted and recreated my profile but the issue persists. Surprisingly, I get transaction alerts.

Fogman:
Please who can confirm if Stanbic Nairn AT still work for online transaction?

It stopped exactly 12am.

I guess Akon is a different kind of Moslem then.

I prefer Morrell singing to him rapping.
"Aure" is my best song and Moe Musa killed the video.
After seeing what you wrote about Classiq I now understand why they banned that actress. I no talk anything o.

TheSuperNerd:
The Ghanaians have impressed albeit in just one game.

They stunned the USA.

And The Asians give our girls lots of headaches at the U-17 level but at the U-20 level, we always overpower them.

The only times we beat an asian team at this level was I believe when an Ngozi Okobi-inspired Flamingoes dusted then defending champs, Korea DPR, 3-2 in 2010.

In 2008, it was 2-1 also in our favor against South Korea.

After these wins... I don't think we have beaten the asians at this level.

Ghana will beat Paraguay and qualify. Japan will beat USA to make things easier. It's what will happen in the knockout stages I don't know.

TheSuperNerd:
The English girls put "three goals" past those koreans so who says they are impregnable?

If The flamingoes get their acts right today, then they should spank those koreans. Ajibade and Omokwo are two to really watch. They've taken long to settle down but this is football...

Don't rule out anything just yet...

The African girls can't match the Asians. They look lighter and turn way faster and this plus their technical superiority gives them a huge advantage.
Also the African coaches at this tournament are just horrible especially that Cameroun coach.

Robosky02 me I don lose hope.
It will be a miracle if they concede less than two goals against Korea. That's the strongest team in the group and so far I see only Japan being stronger than them in the tournament.

Are these guys really Boko Haram?
How can we be sure?
No pictures of arms and ammunition
No pictures of that thing they usually tie on their head
Just some random people in some unverified pictures fa.
Even if the pictures are verified, are we sure the army is not rounding some innocent people up and tagging them Boko Haram just to garner some public goodwill?
Issorait! I don talk my own sha.

.com.gh in Ghana and in some other countries too.

saintkel:
For me teachers should earn more than our doctors n lawyers, y? Who trains both?,u know d answer

Doctors are taught by doctors
Engineers by engineers
Lawyers by lawyers
Nurses by nurses
Mechanics by mechanics
Electricians by electricians.

Professionals are taught by senior professionals in their fields.

So who are professional teachers?

1.) Those who provide pupils with basic knowledge needed for subsequent training in whichever field they may eventually choose.

2.) Those who train those in 1.) above i.e lecturers in faculties of education and college of education tutors.

For the second category, they can also be considered as senior professionals training junior colleagues and their salaries reflect that.

For group 1, it's a bit different because
i.) Not much specialized training is needed to be an EFFECTIVE (not perfect) teacher at the basic and even sometimes senior secondary level. All that is needed is sound knowledge of the subject and that's why a mathematics graduate can teach secondary school math very well.

ii.) There are many willing hands available. Supply simply outstrips demand and that's why a university graduate will take a N12,000 salary teaching job and do it well.

These explain why teachers may not even never earn more than the other professionals you listed.
To my mother, my aunts and all the teachers who've poured their productive years into the profession despite meagre remuneration, I wish you all a HAPPY TEACHERS' DAY.

willian10:
Shame on u now sir, it's on the front page.

Live updates were never on Nairaland front page! They'll put updates of useless European matches and they neglected live match threads about this historic match.
If it's just the news of the league win, that can be got anywhere.

Shame on Nairaland.
Keep pushing useless matches like Burnley vs Arsenal to the front page while this very significant match with so much history in it was not even mentioned.
Everything about this game was amazing except the sad injury to Ifeanyi Egwim.
I had always hesitated to join those who claimed Nairaland had become useless but today I agree with them 100%.
I neither support Rangers nor El-Kanemi (I'm a Kwara Utd/Accra Hearts of Oak/Chelsea FC supporter) but this match promised to be a spectacle for neutrals and it largely was.
Again, shame on Nairaland!

Shame on Nairaland.
Keep pushing useless matches like Burnley vs Arsenal to the front page while this very significant match with so much history in it was not even mentioned.
Everything about this game was amazing except the sad injury to Ifeanyi Egwim.
I had always hesitated to join those who claimed Nairaland had become useless but today I agree with them 100%.
I neither support Rangers nor El-Kanemi (I'm a Kwara Utd/Accra Hearts of Oak/Chelsea FC supporter) but this match promised to be a spectacle for neutrals and it largely was.
Again, shame on Nairaland!

Shame on Nairaland.
Keep pushing useless matches like Burnley vs Arsenal to the front page while this very significant match with so much history in it was not even mentioned.
Everything about this game was amazing except the sad injury to Ifeanyi Egwim.
I had always hesitated to join those who claimed Nairaland had become useless but today I agree with them 100%.
I neither support Rangers nor El-Kanemi (I'm a Kwara Utd/Accra Hearts of Oak/Chelsea FC supporter) but this match promised to be a spectacle for neutrals and it largely was.
Again, shame on Nairaland!

The bride's gown is beautiful yet decent.
She doesn't seem very comfortable in the presence of all those celebrities.
Sanyeri dey represent! Love my Kwara people. I don laff tire for here.
Happy married life to this beautiful couple.

How will they ascertain that an item is made in Nigeria?

Denedo:
WhatsApp me on 07032442545 I need some for my line

Yes please.

dasparrow:
She is not diabetic. She is hypoglycemic. If you read what OP posted you will notice it was stated that she has low blood sugar. Diabetic patients have high blood sugar. I am also hypoglycemic and when the blood sugar is low, one feels very weak and one begins to shake and feel dizzy. She (the minister) probably did not eat before leaving the house because we hypoglycemic folks must eat to keep our blood sugar at optimum level or risk having our blood sugar crash.

He's right.
She's diabetic. The low blood sugar was from the drugs for her diabetes. She had likely not eaten for long as she had been touring. Commonly happens.