₦airaland Forum

maasoap:
This is even worse than the case of unemployed ones. Working your a$s off, then put your life savings in a ponzi scheme. That's stupidity of the highest order!
Their decision is not influenced by the need to augument their income but the desire to earn unrealistic profits.

jetroolowole:
It's good you color it mutual aid. Ponzi schemes sometimes commence operations as legitimate investment vehicles, such as hedge funds. For example, a hedge fund can degenerate into a Ponzi scheme if it unexpectedly loses money (or simply fails to legitimately earn the returns promised and/or thought to be expected) and if the promoters, instead of admitting their failure to meet expectations, fabricate false returns and (if necessary) produce fraudulent audit reports.

When a Ponzi scheme is not stopped by the authorities, it sooner or later falls apart for one of the following reasons:
1. The promoter vanishes, taking all the remaining investment money.
2. Since the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme collapses as the promoter starts having problems paying the promised returns (the higher the returns, the greater the risk of the Ponzi scheme collapsing). 3. Such liquidity crises often trigger panics, as more people start asking for their money, similar to a bank run.
External market forces, such as a sharp decline in the economy, cause many investors to withdraw part or all of their funds.

Now comparing it with a co-operative society is wrong. A co-op is "a jointly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its members for their mutual benefit, typically organized by consumers or farmers." Cooperative businesses are typically more economically resilient than many other forms of enterprise, with twice the number of co-operatives (80%) surviving their first five years compared with other business ownership models (41%). Cooperatives frequently have social goals which they aim to accomplish by investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade as compared with 2.4% for other rival supermarkets. In co-op, there is reliable source of income and part of the return is what is used to finance the co-op.

If you check my write-up, I mentioned that History has taught us from time to time
that any investment business that rely only on new investors to survive without products can not stand the test of time.

ShootToKill:
[s]I frustrated your attempt to institute and concretize your yoruba lies with my painful truth right?[/s]

gartamanta:
Wether you isolate it or not, Danjuma commited murder as did Nzeogwu, Ademoyega, Onwuatuegwu, Anuforo and others

The only difference is that while all others paid with their lives or long prison sentences, Danjuma got away with his crimes scott-free

SIRTee15:
Read this and cure yourself of lies......
This is from ironsi’s wife herself......
Account of live witnesses who saw exactly what happened.....

https://www.nairaland.com/3256284/victoria-aguiyi-ironsi-speaks-50th-year

gartamanta:
Im talking about only one individual here, TY Danjuma.


If someone kills your loved one, and you seek revenge and go looking for that person and kill him, what will the courts do? They may feel sorry for you but you will certainly go down for murder having taken the law into your hands. Danjuma should be in jail.

ShootToKill:
[s]You are now embracing the truth albeit still struggling. So you even knew an Igbo top officer was killed but you covered it and claimed 'OH THEY KILLED OTHERS AND LEFT THEIRS' until I plastered it your dishonest yoruba revisionist face.


Now we both accept that Col. Unegbe an IGBO OFFICER's name was on the list of coup plotters just like other unfortunate leaders and officers. Have you ever asked yourself why the 'Igbo coup' plotters didn't they just say to Unegbe- 'Nna give us the keys to the armory since we are all Ndigbo and we want to kill off other leaders, you are important to this mission'?

Didn't you yoruba paint all Igbos of 60s' as 'Tribalists who would jump at opportunity to snatch power'. What ever happened to that narrative?

You mean Unegbe wouldn't have wanted to help his own Igbo people to easily snatch power, since (in your yoruba skulls)- 'It was an 'Igbo coup'?

Your yoruba revisionism confuses even the devil, I'm happy foreigners are reading as we expose your tribe as very dishonest lot. Na digital age we dey so. [/s]

gartamanta:
Of course! If Nigeria was a civilised country, TY Danjuma would have been serving two life sentences for the murder of Ironsi and Fajuyi. Unfortunately, Nigeria is not.

ShootToKill:
Why yoruba fingers conveniently omit the name of Col. Unegbe in the list of killed politicians and officers? Is it because it will not suit your yoruba narrative of 'Igbo soldiers killed others and left others'.

yoruba revisionists will always be exposed as the gargantuan frauds they are in this digital age. Beg buhari to ban the internet and close down all non-yoruba owned media houses so your lies will be the option available for people to consume as it was in the 80s' before this digital age.

The only Igbo to die in the coup, Lt. Col. Arthur Unegbe, was shot by Anuforo because he was known to be close to Brig. Maimalari and had to be silenced in order to avoid him from raising the alarm

He held the keys to the armoury and the control of armoury was vital to the success of the second phase of the Revolution. When Anuforo asked Unegbe for the keys, he refused and was shot immediately in the presence of his wife Enuma Unegbe.

ShootToKill:
The end of yoruba revisionism is gone. Denying it is equal to delusion, just as screaming 'Igbo coup' have not erased the names of Ademoyega, Olafimihan, ganiyu Adeleke and your other brother who were part and parcel of the coup.

I heard you yorubas lamented and wanted to kill and crucify Major Ademoyega for penning down the truth and documenting the yorubas names therein because it negated the your 'Igbo coup' narratives.

Continue hating the truth, I enjoy seeing you struggle to embrace it.

You can keep lying to yourselves, the Northerners never hide the fact up to today about their coup which they rightly directed at those they know were responsible for the coup of Jan '66. Justice served

ShootToKill:
Where did you discredit it. You all oshogbo revisionists will continue to be frustrated that your lies can't bear friuts anymore. This is the digital age, embrace the truth.

---

ShootToKill:
[s]You yorubas should purge yourself of the urge to peddle falsehood all over the place.

1) Ironsi was never aware of the coup, your brother coupist Ademoyega who wrote 'why we struck' even confirmed that Aguiyi was sleeping in offshore boats instead of Govt house in Lagos after the 'Igbo coup' due to fears of insecurity. How can a General plan his own insecurity?


2.) Fajuyi never insisted on dying with Aguiyi, he was also marked for excecution like Ironsi, only yoruba revisioists and academic frauds sell that garbage. Fact is, yorubas had fewer soldiers in the army, coupled with your history of cowardice, Hausa and fulanis knew you wouldn't do more than sitting like puppies even if all your leaders were killed in yorubaland.

These are the pure truths!


Enlightened people like us will not allow you to deceive people and get away with it. We will whip you back into the line of truth. [/s]

According to him, at independence in 1960, the Richard’s Constitution spelt out what Nigeria should be – a Federal Republic with three regions – North, East and West as the components. He said:

“Each of the regions is equal and each is allowed to develop at its own pace. Whatever resources you have in your region, you take 50 per cent and the remaining 50 per cent is sent to the centre, which is further shared between the centre and the regions. That was the country we knew. Today, the reverse is the case.

Itulah:
Since the APC took over power few weeks ago, the country has recorded unimaginable suicide bomb blast and massacre by the dare devil Boko Haram. Trucks falling and roasting innocent citizens in other parts.
Now my question: Is it that Tinubu, Lai Mohammed, Fashola and other self acclaimed saints suddenly became blind, deaf and dumb? Why are they so silent? And where are all the Sai Buhari group have the left the country on vacation? Also not forgetting the priest that later turns politician aka Fr. Mbaka, how has his failed vision help the country?

xstry:
the more important question is how many igbos have contested for Nigerian President, they are always crying marginalization yet they refuse to provide candidates when it's time for election.

arthur1000:
If only d afonjas knows d meaning of dis name in Igbo language YEMMISI

soberdrunk:
Nah "Wifi boobs" be this, you fit dey room dey suck from parlour.......

emi14:
Why you didn't complain about those calling Jonathan buffon

Macmoni:
every christian dah cares

omenkaLives:
I think at this juncture, PDP supporters themselves would agree the party is indeed beyond redemption.

Wetin join Amaechi and Okorocha join PDP?