₦airaland Forum

airsaylongcom:
@jabolo

Your "devil's advocate" role so far is noticed and gives a balanced view for potential investors. However given that this thread has been renamed to a forum for Investors (or "investors" as you prefer to call it) and an alternate "negative" thread given the publicity of front page, don't you think it would be nice to focus all of this advocacy on that thread whole this thread promotes pro-investors communication. A discerning investor would do their research and come across both threads allowing them do a proper due diligence before making an investment. If you've noticed I've never taken you on regarding your posts and I won't. I just feel your posts would gain more traction there. On the SEC list, if you look at number 10 on that list you'd see a business called United Capital a subsidiary of UBA I believe. They came out with a communication that it wasn't them. Same as what MBA did. Would you now say that United Capital given their rebuttal are also a dodgy company.

United Capital plc is not United Capital Investment Company Limited. The rebuttal is quite clear.
https://www.unitedcapitalplcgroup.com/media-item/united-capital-plc-is-not-united-capital-investment-company-limited/

One is registered fully with the SEC and the other is not, while also embodying all the characteristics of Ponzi scheme.

Unless you're arguing that the MBA Forex and Investment Ltd on the list is different from your employer and you are actually registered with the SEC? You're smarter than this attempt at deflection.

The attempted takeover of the thread after some 200 pages was also another lowball tactic and it shouldn't pass given the original message asked the question we have different views upon.

I respect your take on this as an insider and have cleary stated mine as well. The so-called 'advocacy' has persuaded some not to invest just as the ROI Testimonies has convinced some to. No wahala.

Good day.

PS: I wonder if you actually cringe at some of the messages of abuse your co-investors throw around with careless abandon, or you embrace them as they help your mission. IMO, your company has indeed attracted some toxicity in its followership I can only ascribe to greed.

50nizzy:
Like you said, Hatred, envy and jealousy will kill Jabolo and I say he would die by December 20 - 2020, unless he repents.

This is the kind of superstitious bullcrap these scam merchants live by.

And, no, won’t report it. Leave it here as it undermines anything they claim to defend.

DO NOT JOIN THIS SCAM
DO NOT REMOTELY ALIGN WITH THIS KIND OF DESPERADOS

Lol, who will I repent to nau?

n3xt:
Often times, it’s what the client want. For such client, it’s better to be safe than sorry which is very true!

I think the client took one look at the original cantilever and ‘fear catched him’. He didn’t trust the structural calcs so requested for more support.

As an aside, I created a cantilevered terrace above my front porch in the UK. To get the necessary sign off, the structural engineer’s calculations ran to 40 pages, all by hand!

Come and see dy/dx, partial differentials, torsional rigidity and all other dogon turenchi. He is one of these old school Engineers - probably still cherishes his favourite slide rule.

sgtponzihater1:
... For the wise, there is no quick money anywhere. Making money from these scheme is potentially causing pain to others in the end, as they all collapse, and bruised victims must emerge. This makes it morally wrong even though you cash out; you would have join to cause anguish, pain and sometimes sudden death to others...

Sgt Ponzi Hater

True words from elsewhere.

Good day.

BADNEAT:
when you say backed by EFCC, what exactly does that mean_?

It's nonsense, typical MBA distraction and sleight of hand, to attract 'victims'.

There is a unit within EFCC that deals with Anti-Money Laundering and financing of Terrorism which the FGN was mandated to put in place by the European Union. It is a simple certification by the relevant accountant that there is no money flowing across borders to the likes of ISIS, drug gangs and criminal networks. See https://www.scuml.org/

Anyone can go and get that certificate, even Obioma the local tailor. Nothing to do with tackling the underlying Ponzi fraud (which is where the main EFCC will come in when this thing crashes) but MBA is amplifying it to backed by EFCC.

This is why you have to be careful with these guys. Up until last year they even claimed to be registered by the SEC. In reality ... https://sec.gov.ng/activities-of-unlawful-market-operators/

MariamAlheri:
LOL �

Please what do you know about Chinmark? Is Chinmark Investments like Bara and Co?

Thanks

Sorry, never heard of them but please do your own research. These things are proliferating because Nigeria seems to be a fertile ground for them and, I must say, our people are easily swayed.

Good luck.

bobbyspeed:
In this online world must one has to go to their office to queue like old generation Bank asking tally numbers. My friend that visited today with a view to rollover his investment met huge crowd with many making noise on payment issues he has to tacitly close his account and ask for capital refund.

Very predictable but needs to be highlighted in case anyone is thinking of investing.

If you're already invested, swerve this message but good luck nonetheless.

Good night.

RosyIsBlessed:
If you channel this same energy and time you are using to fight investors, to study your books and English who knows, you would have been positive in life than being this negative.

I know you don't deserve this but let me school you on the meaning of a troll and thats exactly what you doing on this thread and it's in no way an abuse. And that's clearly against rules 1 and 2.

Don't go and focus on your life be killing yourself ontop other people's investment. What a waste.

I disagree and you don't know anything to my education but nice try nonetheless.

I have always stated that my audience is any person intending to invest in this Ponzi scheme. It's my energy and I can do what I want with it. I warn them away because it is what it is and it is official...
https://sec.gov.ng/activities-of-unlawful-market-operators/

Your constituency is the happy MBA investors with ROI up to date. We can exist side by side and ganging up to change the thread title does not alter the intent of the thread OP ... #NoBeYourNairaland

If you knowingly invested in it, the hurt is yours to keep but not my concern any longer. I'm sorry you feel my words can affect your so-called investment if indeed it is real. That's already an indictment of the investment itself - don't you think?

So, that's not trolling ...

If you want to talk about causing intentional harm on the internet, what of you and your cohorts with the mountains of abuse, lies, disinformation and curses sent my way over the past few weeks?

I have a thick skin. You should grow one too.

Good day.

DragonFire433:
Rule 8 ...... spreading false information about a Legitimate company.

This actually made me laugh so hard I spilled my coffee. Thanks!

https://sec.gov.ng/activities-of-unlawful-market-operators/

spyder880:
Good evening my people, I will like to use a few minutes of our time to to review a product from one of us here. Michlins has sent me a complete door fabricated from imported steel plates and pipes, which he intends to mass produce for the use of members here who will need the doors. I collected the door after delays occasioned by my schedule, and had the door reviewed to ascertain its quality.

Congratulations @michlins.

You hung in there, took the advice and was brave enough to test yourself with the best of the best here.

Hope it pays for you henceforth.

RosyIsBlessed:
Mynd44 Sissy3 mukina2 Seun

This troll is derailing this thread. Rule 1

@ Mynd44 Sissy3 mukina2 Seun

Changing the title does not change the original intent and spirit of the thread which in the first message is ...

ojexin:
Please I need advice from the house, can I invest with MBA forex trading. Am surprised with the sweet-mouthed 20% monthly interest promised within 6 months of investing . Your advice will be highly appreciated.

RosyIsBlessed calling me a troll for doing that is abuse too. Rule 2

SmartPolician:
Ignoramus, Nigeria neither regulates the FX trading market nor its players

Many MBA supporters are naturally abusive and uncommonly acerbic to dissenting opinion news because they know it's a Ponzi scheme, which will crash if no new 'victims' come and join. If MBA Forex was actually investing and making the guaranteed returns, they shouldn't care what anyone says about their happy clappy world.

SEC has this year already declared MBA Forex as a Ponzi Scheme ... https://sec.gov.ng/activities-of-unlawful-market-operators/

To answer the question ... SEC does not regulate the FX market just as it does not regulate leather trading as as example. But, if I am collecting investments from the general public to participate in the leather trading market, I must register with the SEC to ensure:

- I am actually investing in the leather market, not groundnut
- I publish my accounts and trading statements showing how where guaranteed returns are paid from
- Client accounts are separate from my own personal account and I can't dip into them at will
- I am open to periodic audits to make sure I keep within these rules

and, oh ...

- I pay my taxes.

None of this with MBA Forex. To their investors, it is a 'black box' , based on blind faith (or Greed!). They hope or believe one guy, in one room in Portharcout, is making returns far in excess of the most sophisticated currency hedge funds. And, he is magnanimous enough to invite them in to benefit, as long as they give him their money.

Make that man the President already, lol

DUNKA:
Bara,bara,bara how many times did I call your name big big SEC trouble ahead. Take heed and withdraw if you can the S**t is about to hit the ceiling

You must be in the know, lol.

But, they already anticipate this it and making moves to hide money. Bara now asks investors to pay into Agriculture Credit something making it difficult to corral all the money when SEC come with court orders to freeze accounts..

It's a junior MBA Forex that does not know how to cover its tracks and will be taken down earlier. As usual, the latecomers will carry the can as the main scammers have made their money.

The bigger scam MBA Forex will die a typical death, no authorities need to be involved.

However, another one is being baked as we speak (in their Portharcourt epicenter) and more gullible investors will flock to 'invest' and indulge in the typical cult-like behavior.

TheWatchDog:
@Jabolo, the topic is now change to MBA INVESTORS FORUM, so stop this your nonsense ranting ok.

I don't normally reply my mentions with abuse attached but in this case here goes ...

You don't own Nairaland. Besides anyone searching Google with "MBA forex scam or legit" brings this thread under the old title so it's valid to continue warning off potential 'victims' as we find out more about this scam. It does not take any time or energy on my part.

Feel free to continue with the abuse and defamations if you so wish. It has not been effective before and won't be going forward.

Good week everyone.

austinkenneth:
I support this motion. How can we change the heading of the thread to: MBA Investors Forum

Better to open another thread with that title.

careytommy37:
seun seun seun
Mynd44 Mynd44 Mynd44

It's time to lock this thread

Why?

I’m the most maligned person here (quack contractor, ritual murderer, bridge seller lol) but I think it should be kept open.

Unless of course, MBA investors are getting uncomfortable the scam is being unravelled. They perhaps prefer opacity so newer ‘victims’ can join.

The thread serves a purpose. To either convince people to invest, or avoid.

Good day.

Chicago213:
MBA people una no go get sense... Animals!!!!

https://sec.gov.ng/activities-of-unlawful-market-operators/

... The Commission, in recent time, has observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on investment. These activities are perpetrated by suspected promoters of Ponzi and other fraudulent schemes under the following identities:

Loom Nigeria Money
Box Value Trading Company Ltd
Now-Now Alert
Flip Cash Investment
Result Investment Nigeria Limited
Helping Hand and Investment
No Failure Development and Empowerment Nig. Ltd
MBA Forex and Investment Ltd

...


walks like a duck, quacks like a duck, must be a duck.

If you are still considering this, DO NOT INVEST.

Good day.

Seems one of my Pavlovian dogs is better trained than the others lol.

I’ll reward him with a bigger bone for making my point by illuminating the nasty underbelly of a typical Ponzi scheme like MBA Forex.

Yawn ... Good night.

Isrealkennedy:
Who you EPP!!!

You ask nicely (no crazy abuse lol) so here goes...

Not you obviously, if you're already an investor. Good luck.

But many others who can read, research, and swerve from this ponzi scheme.

That's the purpose of this thread. Feel free to praise your MBA here, and I'll stay free to label it a scam - with credible info.

Have a good night.

In mid-2019, MBA forex embarked on serious PR washing, including importing a variety of characters to public branded events. These have all unravelled.

This is the active scene setting stage for a sophisticated Ponzi scheme.

Anyone remember AFX? This guys were feted as MBA partners. Yes, Co-thieves and scamming brokerage that has been disbanded in the UK.

https://www.fca.org.uk/news/news-stories/information-customers-afx-markets-limited


Anyway, didn’t stop MBA from being branded as a scam by the SEC this year...
https://sec.gov.ng/activities-of-unlawful-market-operators/

Be guided. DO NOT INVEST

Good and safe weekend all.

Theoutsider:
Don't worry what I say about MBA. Does it hurt your ego? your pride? are you insecure?

The fact that you talk about this other guys family and job with conviction, just exposes how shitty your life actually is..

It's all good, lol. I seem to have been handed the password to the brains of three of four loudmouths here. I have conditioned them in the manner of a Pavlovian dog (https://en.wikipedia.org/wiki/Classical_conditioning) and it is actually entertaining. All this while they help my case in warning new 'victims' off this scam. So. it's all good really.

Oh, we might want to form an 'Association of Bridge Sellers' on Nairaland with these other folks:

Sizzorkay:
dude, musical history would be more accurate than some made up figures about ISIS, where are you getting this figures from? The US? lol, that's laughable. But if you think those figures are accurate, then i have a bridge to sell ya.

PrinceAbinibi:
They are virgins! I have a bridge to sell you in Kenya!

Adieza:
People, believe me, the day God intervene and do something you will not need someone to tell you he did it. If you believe God ordained Donald Trump after all what he has done to women and minorities then you need to get your mind examined and I have a bridge to sell to you in San Francisco.

... etc


* https://en.wiktionary.org/wiki/I_have_a_bridge_to_sell_you

Great and profound writeup.

festacman:
First of all, the #EndSars organizers and protesters, both offline and online, who made sundry vital sacrifices must be commended and celebrated for making a statement that young people of Nigerian have capacity to interrogate their leaders and demand accountability as well as change.

Agreed wholeheartedly. I do think Police-Public interactions a la 'wetin you carry' will never be the same after this event.

festacman:
By not halting at point of sucess to restrategize and set new targets, they broke the 47th Law of Power that says: Do Not go Past The Mark You Aimed For, In Victory Learn When To Stop

The import of this law is that the moment of victory is often the moment of greatest peril. In the heat of victory, arrogance and overconfidence can push you past the goal you had aimed for, and by going too far, you make more enemies than you defeat. Do not allow success to go to your head. There is no substitute for strategy and careful planning. Set a goal, and when you reach it, stop.

The issue here was the initial absence of leadership in what was effectively a spontaneous eruption of emotion. Even as the protests progressed, a popular leadership structure did not develop because likely candidates among the most prominent 'celebrity' protesters were either unwilling or unable to assume that leadership.

They ultimately lacked faith in their own charisma to coordinate all these disparate persons showing up to #ENDSARS. Among the protesters, as the days progressed, little enclaves of self interest had begun to emerge and these prominent individuals were already taking heat from within. It was safer to twitter away, make speeches, raise fists and continue chanting in a carnival atmosphere. I therefore don't blame them.

So, no leadership to call a halt to road blockages. No leadership to command protesters to return home. No leadership to dialog with the Government on the 5 points already accepted.

We know where it ended*.



* A cousin was rallying other mums in Lekki to provide food to feed the 'protesters' at the toll plaza one day, the 'hoodlums' were destroying her entire means of livelihood the other day. Tragic!

BillyInvestor:
Are you saying its too late to join MBA, I'm thinking of joining by the end of this month. I've been silently observing the thread some days back

It is a Ponzi scheme, not any form of investment. You need 7 months of 15% ROI to cover your capital. If it crashes before then (observe the current signs of delayed ROI as they shift money around to pay selectively) - you are a 'victim'.

So, avoid. If the paranoid attacks on you by the loudmouth MBA proponents have not put you off already, that is.

Good day.

TheWatchDog:
Point of correction, investors are not fighting themselves, it is naysayers and haters of MBA FX that are fighting MBA investors in their own thread.

That's funny. MBA FX took over Nairaland?

It's not your thread, you see.... Does Investing In MBA Forex Real Or SCAM

Good day.

deerayy15:
Permit me to say that this is the worst page on nairaland I've ever followed. At every scroll you'd see investors fighting and insulting themselves. If this page has been overtaken by thugs, why don't we close and reopen another that will be productive. I doubt if any new investor can gain real confidence reading all this.

It's actually quite illuminating if indeed you're researching MBA Forex as a potential investment. Please stick around and try to ignore the inconsequential rants. A thick skin helps lol.

The thread title is: Does Investing In MBA Forex Real Or SCAM?

So, I assert it is a Scam ie, Ponzi Scheme (https://en.wikipedia.org/wiki/Ponzi_scheme). It essentially allocates monies collected from new investors to older investors with the sponsors and collaborators taking a cut. It is designed to ultimately fail (with many victims among the later investors) and warning signs being seen now should be heeded.

The supporters assert MBA Forex is a real operation - generating the over 180% per annum required to cover the ROIs, and will still return your capital!

Just as they consistently publish their ROI testimonies (Note: Ponzi Schemes rely on such testimonies to entice new investors), I consistently advise potential investors to avoid it, with clear information. Both are in the spirit of this thread title, ultimately, people would make their decisions.

Now, if MBA Forex is not a Ponzi scheme. it does not require new investors and nothing I say here can affect its performance in the forex market, if indeed it has one. The supporters ought not to give a damn what goes on here.

Alternatively, if MBA Forex is a Ponzi scheme, it does need new investors ('victims'), and those already invested woud like these new investors to join so that they get paid off with their monies.

ROI Testimonies are one thing. Toxic and abusive reactions to my dissenting opinion (although very entertaining, lol!) should also tell you another thing.

Well, you draw your own conclusions, and good luck with your investment decision.

For other potential newbies . .. DO NOT INVEST.

Good night.

Mightydude:
I first learned about MBA on this platform before investing so I can tell you the motivation came from here and from that time till now i did not bother anyone or commented on any issue ....

This is why we need to continue warning others thinking about this.

The 'big boys' and lucky early participants in this scam are cashing out. They are very relaxed. The loudmouths here have only received one or two ROIs (check their posting histories, lol). They are desperate. They need more 'victims'. They need your hard-earned money to pay them so they too can relax. They want to pass the desperate baton on to you and your families. Imagine sweating every month to get paid.

DO NOT JOIN. There is enough information out there. Please research

https://pageone.ng/2020/08/31/beware-mba-forex-investment-is-a-ponzi-scheme/

MBA Forex Investment has tried to poise itself as a panacea for joblessness and a path to poverty alleviation. However, it presents too-good-to-be-true investment opportunities. With absolutely high and static or guaranteed investment returns, MBA Forex Investment betrays the fluctuating nature of forex investment. MBA Forex Investment tenets are antithetical to forex or trading investment.

Truly, MBA Forex Investment does not have the pyramid structure that characterizes most Ponzi schemes. Investors’ earnings are not dependent on the number of recruits they bring in neither do they have to “pay-to-play.” However, a careful look at the structure of MBA Forex Investment reveals a slight semblance of Ponzi schemes. The owner(s) of MBA Forex Investment was or were smart enough to alter the pyramid structure with embellishments such as its online and offline learning schedules and its learning institutes.

DragonFire433:
Your are nothing more than a shameless Quack building contractor killing people for ritual purposes.

Jabolo is a Quack building contractor.

You are so stupid to even think that we would leave this thread for Yahoo boys and a shameless ritualist like yourself......... continue your mission here, and be prepared for whatever comes your way.

I Repeat, Jabolo is the useless fellow behind the moniker @ Theoutsider

Has #EndSars made drugs unavailable lol?

Kpele, I hear anti-malaria tablets can help.

airsaylongcom:
Looool. It's not about a thick skin bro. I've got that. The fool I quoted is notorious for crying to his parents.

About the authorities getting to me. You are overthinking it. We are a going concern. Fact

Thumbs up for the measured response. I respect that.

Ok, truce over bro, lol.

This thing is still going down.

airsaylongcom:
Mynd44
Lalasticlala
Davide470
Seun

Insulting A Nairalander

You need to grow a thicker skin. The bulk of abuse and curses come from your 'co-investors'. I leave those directed at me here - let everyone see how low greed can drive otherwise reasonable people.

And, when this thing crashes, gentle accusations of bribery would be the least of your worries in the predicted Dog-eat-Dog frenzy. That's even before the authorities get to you.

Good day.

Dijita:
thanks

If it helps, mine was about N930k in total for two of such systems as seen in EgunMogaji2's pictures. We located them either side of the building. This was in 2018 though.

Any Real Estate Lawyer based in Abuja/FCT, with particular experience of Native Authority land transactions - please drop your contact here. Thanks.