₦airaland Forum

4Play:
You might want to purchase something abroad or diversify your savings to protect against currency risk. Some exporters could even be foreign owned export bizs

The irony of restrictions on capital mobility is that if you impose restrictions on taking money out, people will be reluctant to bring money in. What the government's policies have done is reduce diversification away from oil dependence.

EMMAUGOH:
I love how this Guy carries his Igbohood wherever he goes, Imagine that interview where he precisely said He is an IGbo American, the man was like What's up with Igbo America... He said that's my tribe ... And also where he stated He lived in Enugu and not like Norms u hear people say Nigeria...

Enugu una don get person o.. Am realy jealous now... His father taught him well

sheyguy:
Most of them ignore the thread and attack the messenger. It is fustrating. They are just derailing it for no just cause.

sheyguy:
If you don't beleive me then that's your cup of tea. I have nothing to gain by lying here, it can only lead to me getting a potentially misleading advice.

claremont:
The problem with Nigeria is that there is so much joblessness among the youths, so they are ready to invest their time and the little money they have into any dodgy ''investment'' that promises huge returns.

I don't know much about this scheme but I can clearly see that this is a Ponzi scheme. Years ago, there used to be similar schemes like "Plan-well", Fund-map" that used the same dodgy tactics, a lot of people lost their house rents and school fees to these scams.

There are a lot of jobless educated illiterates in Nigeria who cannot see a scam even when it's staring them in the face.

naijaboiy:
[color=#1980BC]That my family has problems doesn't give a friend of mine a moral right to insult my family with the problems going on inside.

Madam we know our problems as a country. We don't need any outsider to come reminding us. It's unacceptable!

Everybody should face their own country and their wahala. If you throw shade then expect a clap back!

Naso e dey be.

[/color]

Amoshie:
What is this one saying? We've been managing your country since independence. We don't need to manage a company before you know what we are doing.

omonla555:
"i'd love to give him scholarship to phd level" or I would have loved?

obainosis4real:
I trust the money they paid u to always say rubbish will soon finish and u wil join d waillers again... Let keep blaming d past govt cus as they kip doing that, tins kip getting worse.... When he(buhari) was promising 300000 in a year did he notice that it wil b difficult since d govt was not saving 4 d rainy days? Rubbish and clueless set of pple. We just notice that d APC top leaders hv given money to some pple 2 always standby to coment on their post in favor of d part. So bro we are aware of all that

Standing5:
I get the new PDP strategy. Just keep druming Buhari name. It won't work. Nigerians know who got excess but didn't do nothing. They know who stole arms fund to sponsor a documentary saying Buhari is bad n corrupt. They know who is sponsoring pipeline vandals.

proffemi:
Here's one of life's nice ironies. You say the OP is a mediocre because of his poor grammar and request for advice, but you're not looking much better yourself. The part in bold font above is a fallacy of the worst sort. I.e. not knowing he's supposed to report a case == he's mediocre. I am a teacher, and I do not suffer fools gladly myself, but there is a place, time and manner to make your point, and I do not think this is it. My 2c.

sirleemahnlee:
WHO DEY FOLLOW THIS WIFE OF MURDERER AGAIN. ABACHA GENERATIONS SUPPOSE TO BE BARNISHED FROM NIGERIA

cstr15:
If this was china, the old wife who most likely benefited from the incredible loot would have being hanged, and their entire generation sent on a long exile and banned from chinese politics forever.
While india and china were gradually developing to a global power status through the 70s and 80s, abacha was busy stashing raw billions of dollars in swiss banks.

gab264:
IN ONE YEAR;
* Iconic Innoson motors stops production due to lack of dollars.
* 272 companies shut down.
* Thousands of workers sacked.
* Dollar increased above N400(per dollar) and still rising.
* Herdsmen gained momentum without tangible arrests.
* PMS rise from N87 to N145.
* Boko Haram are still killing, though some 'prophets' say they are technically defeated.
* People sells their kid for a bag of rice.
* More peaceful freedom agitators are killed.
* Families now eat once daily.
* A bag of rice rose above N20,000.
* Nigeria athletes and soccer players were stranded, starved and deprived of accommodation, yet they won bronze.
* All military officers and every stronghold of powerful decision making corridors were replaced with Northerners.
* Nepotism of the highest level.
* Unarmed students are gunned down for protesting. I guess they are the leaders of graves instead of leaders of tomorrow.
* Someone said Nigeria's unity is non-negotiable.
* The economy is dying, but Hajj pilgrims were allowed for N197 per dollar.
* Someone launched crocodile smile and the rival launched crocodile tears.
* Someone went to court for a name he gave to his dog.
* Someone said that Nigeria is fantastically corrupt, and someone agreed that his country is fantastically corrupt.
* Someone has made uncountable travels more than journalists and tourists.
***ARE YOU NOT TIRED OF READING THE SINS OF this useless COUNTRY?

chessguru:
MMM is not a wonder bank, it is not a bank at all, you do not deposit money to MMM as they do not have an account, they simply link participants...... It's a crazy scheme that can crash if get help supercedes provide help but it is certainly different from all the wonder bank things.

Nnaabros:
Damn! The way proponents of this scheme are ready to defend it even with their lives is very surprising. They defend it so much that they are even ready to sacrifice their lives for it. See the fury, anger and frenzy with which they crush anything or anyone that speaks negatively about MMM. THE LURE OF EASY MONEY IS THE STRONGEST TRAP IN THE WORLD

lordy:
No need for the quarrels and exchange of words over whether MMM is a scam or not.

SEC, as an organ of government has done its part. It's actually very difficult to tell a child not to finish up a bottle of 35cl coca-cola he or she has tasted. It is sweet, the feeling is beautiful...until the purging starts.

What SEC has done is what an experienced mum will do for her 4-year old whose hell-bent on finishing the content of the big Coke bottle at one sitting.

Many MMM proponents argue that MMM model is just like our bank model, but forget that, unlike banks where deposits are insured by NDIC, you're 'OYO' in your dealings with MMM.

I'm not into the MMM-ish. I made lots of money from similar programs in the past, but I've also lost the confidence of many who I introduced to these programs with good intentions when the programs crashed. From Club Freedom, to Diamond Cash Club to recently Vemma, I've seen lots of them. So, I'm wiser.

As a former editor at SuccesDigest newspaper, I've seen many of these programs come and go with tales of woes trailing them, even those that had products to sell, how much more MMM that has no product to sell.

Have you ever asked yourself what the operators of MMM stand to benefit from all these? Ask yourself how the operators make their own gain to keep operations going? If the search for the answer to these questions does not shock you back to reality, nothing will.

Google is your friend. Do your due diligence on MMM. Check their antecedents in other countries before landing in Nigeria at a time when Nigerians are most vulnerable to programs like this.

In a nutshell, whatever you do with MMM is your business. People were also warned about wonder banks in the past, but they wouldn't listen until it was too late.

My only advice for the die-hard MMM participants is 'trade with money you can afford to lose.'

There is no shortcut to success. You have been warned!