₦airaland Forum

Seems it's a dog-eat-dog world in MBA Ponzi-land. Nothing new here. When the thing collapses, it would simply be brutal.

So, If you are still thinking of joining - read, learn, research before jumping. I hope you make the right choice.

Good day all, including the vituperators.

kiekie1:
SAFETY TIP!


SmartcellNuggets : Once you got a solar panel on a roof, energy is free. Once we convert our entire electricity grid to green and renewable energy, cost of living goes down.

Contact,
Smartcell global services
081-350-31951
WHATSAPP::: https:///2348170385620

A quick heads-up to you and any other Solar Installer on this forum, see if you can get funding from the CBN Solar Connection Facility:

https://www.cbn.gov.ng/Out/2020/DFD/Solar%20Connections%20Facility%20Guidelines%201.0.pdf

Worth a try. Good luck.

taiwo92:
@ jabolo
Thank you and leave us alone. Don't come here and rant , if u need 360k tell us we might help and if u wish to remain poor, it is also ur choice. Why are Nigerians like this? For me, I am a risky taker cos life itself is a risk.

Congratulations. You are a 'winner' in this particular Ponzi scheme. The later entrants will be the losers, or 'victims' and your immoral profits come from them, just like MMM. We have to warn them off.

And, no, I will have my say (ignoring the uncouth ones lol) ... this is Nairaland, not MBA-Praise-And-Worship-Land.

Good day.

Biguyman:
My fellow investors one of the admin is currently working for mba, he or she is now being paid by Maxwell to delete every post speaking negative of mba in these last few days remaining for mba to crash. They don't want you guys to terminate your contract. Be wise Nigerians

Seems so. Which is a shame on that mod.

If this MBA nonsense was a real investment scheme, nothing you or I say can undermine the investments in the forex markets. They would 'jejely' be making the promised returns and publish their trading statements ex-post for credibility but we all know that's a big lie.

A Ponzi scheme is dependent on continuing to attract new investors coming in - to recycle their money, paying ROIs to keep the 'praise singers' happy.

If you are already invested and enjoying your ROI (while fearfully hoping it does not fall over before you are profit positive), wakapass our messages. Stop abusing and cursing out of desperation. You are not my audience.

This thread is Does Investing In MBA Forex Real Or SCAM. I say 100% SCAM, you say REAL, no wahala. Potential 'victims' should have access to both sides of the coin and this thread should not be an echo chamber or 'MBA Cult'. Some people are behaving like they are in a cult.

There is no investment in any forex market anywhere that can deliver 180% return a year .so it will topple once the 'sponsors' and their collaborators have filled their pockets and ready to japa. Those new investors become the 'victims'. I see a few have been snared in recent days, good luck to them but we should continue warning others.

Ukiadepoju:
I seriously don't like commenting on any post but I read everyday comments of other people, but I must comment on this, please when you finally pick your choice, let us know the criteria you use as it might go a long way to some of us. Thanks.

Will do, thanks. I've already identified a couple of potentials here, but set against a few I met outside this forum to be entirely honest. It seems you get a sense of people just by interacting with them and you make a mental note.

Recently, there has been foreign currency liquidity issues effected by Covid and CBN measures which has affected the ability of the business to officially repatriate dollar profits, so everyone is circumspect. It will pass though.

Happens when AC is under load could mean the compressor is faulty or an even simpler matter of the AC drive belt slipping (if this applies to your model - sorry I’ve not checked.

We will continue to warn potential 'victims'.

If you're thinking of investing, please read:
MBA Trading review – stay away from this scam!
https://tbbob.com/scams/mba-trading-review


Actually, first read ...
Pennywise Wealth Management review – a disgusting scam
https://tbbob.com/scams/pennywise-wealth-management-review.

Read all the comments from beginning to end, it mirrors everything on this thread (hope, abuse, curses, incredulousness and finally despair!). Which will happen to this MBA Forex Scam, eventually.

This comment towards the end was especially poignant...
chaiOCOC
September 16, 2020 at 10:56 am
=====
The best investments you know you can do is sachet water business. I don’t like lazy bones looking for where to increase their profits through silly investments like Forex, penny wise and the likes. Buy goats and rear, buy chicks and rear, buy dogs and rear. When the give birth you sell. That’s what i call investment. Not somebody you don’t know and you give your money to flex with.

n3xt:
”I’m not there to monitor.” literally mean “I wasn’t physically present on the site. His son was on site to receive the materials I sent to the place.”

Now you want to take a mental note of a problem I didn’t create or something I knew nothing about.

You see where I’m coming from.

Understood. Naija-speak can go in many directions and the nuances are not immediately apparent when typed out.

n3xt:
Typical Examples
The question now is “How was 600 bags of cement delivered to the site and there were no signs of vehicle movement as bush have covered the property?”
The owner asked me to help her check the quantities supplied and I told her “I’m not there to monitor. Ask your son to reconfirm to you ma.”

I like your contributions here, special kudos for re-invigorating the board but this is a certain shade of 'not good'.

Your client was vulnerable, needed help and you chose to stand aside. Unless there is a deeper issue in the untold backstory, it would not have cost you anything to check for her. Relationshps are concretized in such situations, beyond the mere professional stuff.

As a client, I won't press further but make a mental note ....

But ... #NoBeBibeli (I like this - lol)

Happy Independence!

akinonigbinde:
Riding smoothly to the promise land
May Jabolo and Smallguyman die for you to progress and your wall of Jericho perish on whoever doesn't want you well

Lol. Just leaving this here.

Fear-Uncertainty-Greed at work.

Thinking of investing in this Scam? This is what you will turn into. Your basic humanity will be stripped away as you defend the scam with all your life, hoping to make your returns before it falls over, which it surely will. You might escape if lucky but other victims will be caught up.

They know it, the abusers and cursers. You should too.

WackyJ1:
Was it dealt with on this thread?

Do you have an idea of the page number.


ALSO: This question is about their roll-over.
If someone invests 360k, at the end of 12 months, he should have 594k at the rate of 15% monthly.

Now if he wants to terminate his contract, he will get his 360k initial capital he investment in MBA trades, making the 594k he received pure ROI.

My question is this, if that person wants to do a roll-over, will he have to reinvest another 360k back into MBA trade to roll-over?

Morning.

These guys promise your N360k should return N648k in ROI over the year, and then return your original N360k.

This is magic, if true. In reality, there is no underlying investment that generates such level of return otherwise such a sponsor would be on the cover of Forbes magazine each year. Funds are received and dished out as ROI to keep the masses 'praising and singing', while the sponsors stash away for the 'Day of Ja'paa'. That day will come when everything becomes unsustainable (more ROI + Capital returns exceed any new investments + any 'phantom' returns), so the business depends on recruiting new 'victims'.

Please don't. Some of the early joiners have collected enough ROI to be profit-positive but the latter entrants will be the 'victims' on the 'Day of Ja'paa'

The SEC warning was issued in March, not decades ago. They issues similar warnings in the days of MMM but the playbook is being repeated - those already invested are trapped in a 'Fear-Uncertainty-Greed' (F-U-G) cycle that makes them fight for this MBA forex nonsense like their lives depended on it. You've already sampled some of the abuse, some of these people are not like this in everyday life, F-U-G does this to you.

They need new blood. You can make the calculated decision to join, but we must warn others off.

We are dealing with a classic Ponzi scheme. Everyone here has accepted it implicitly. Even the abusive elements and those 'glorifying' the ROI, singing praises to high heaven. Other contribution here amounts to noise and distraction. Good luck in getting a reasonable answer to the SEC question.

TheWatchDog:
Professor Jabolo is the same fxmanager we all know.

My posting record is open to those we’re trying to steer away from this scam lol. They can make their minds up.

Nice weekend.

akinonigbinde:
You lack comprehension skills thereby committing a fallacy of false conclusion.

The question you have failed to answer still remains "where was MBA getting the money to pay numerous ROIs during the covid 19 which lasted for more than 5months. Lockdown which started exactly March and Ended with eased lockdown in July with no new investor investing putting in money?

I answered quite clearly. ROI is paid from Capital received.

You are also being disingenuous to suggest there were no new investments during the lockdown. Cheerleaders like you and your ilk kept the fire burning for new victims to top up the tank.

You’ve actually pointed us to something that happened to expose the ponzi nature of this scheme. The adjustment of maturity periods to 12 month that followed. It’s getting critical

See, Easy to ignore the abuse because my target audience is clear... No new ‘victims’ for when this thing falls over.

Till Monday then. Knock yourselves out with abuse lol.

DragonFire433:
[s][/s]

People like you are among those that are still calling [b]RoFx [/b]a Scam even when they have been successful since 2009. People like you have been praying for them to collapse so that you can smile and say - - - I told you na.

Lol @ RoFx
https://www.quora.com/Has-anyone-had-much-success-with-ROFX-and-the-forex-trading-robot

Enough said.

Continuing ...

What is a Hedge fund?

A hedge fund is an investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management techniques to improve performance, such as short selling, leverage, and derivatives.[1] Because of its use of complex techniques, financial regulators typically do not allow hedge funds to be marketed or made available to anyone except institutional investors, high net worth individuals and other investors who are considered sufficiently sophisticated, such as being an accredited investor

https://en.wikipedia.org/wiki/Hedge_fund

Hedge funds are specifically dedicated to currency trading. This is your competition. MBA Forex trades in the same market as these guys with their sophisticated algorithms, super computers and Mathematics PhD gurus.

Hedge Fund Research publishes performance figures for these hedge funds (see below image and https://www.hedgefundresearch.com/family-indices/hfr-bank-systematic-risk-premia#HFRR-HFR-Risk-Premia-Indices---Currency)

Losses for the currency hedge funds is 4.94% year-to-date. And your korokoro MBA Forex is giving you, how much? 15% per month?

They are just recycling capital into ROIs. Jump in at your peril.

And, If you are one of the lucky ones and have earned over your original capital already , continue to roll with the flow - you are not really my audience, abusive or not.

Have a great weekend all.

careytommy37:
.

So who were the new investors that were being used to pay back the old investors during the covid-19 lockdown?

Good comeback thanks and happy to engage in a non-abusive manner.

The ROI is a percentage of the invested capital which gives enough leeway to pay the promised ROI. They have an exit point when inflows do not sustain market returns and promised extraordinary ROIs, not to mention capital withdrawal.

That tipping point approaches hence my focus on potential investors, or ‘victims’.

Good luck.

Ignoring the abusive ones lol, and continuing to educate to protect the potential victims - If you are just now considering this MBA Forex or similar, please read ...

https://www.giambronelaw.com/site/servicesforindividuals/forex-litigation-lawyers/forex-trading-scams/

And perhaps, this sounds familiar ...

High yield investment programmes
High yield Investment programmes (HYIP) are frequently just a form of Ponzi scheme in which a high level of return is promised for a small initial investment into what is in fact a Forex fund. However in reality the initial investors are being paid back from the money generated by the current investors and a constant flow of new investors is required to keep the funds flowing, once there are no more investors in the scheme the owners usually close it down and take all money remaining.

iyobosadavid:
Ignorant they say is a disease, now i know what they meant by that. Keep wallowing and swimming in ur ignorant

My main audience are those thinking of joining these scams, to gently guide them away from such foolhardiness so I don't normally reply the abuse.

In your case, I had to - it's a shame because I had your number saved for a borehole relocation job before this end rainy season. Was gonna call you next week lol.

Please learn to commuinicate in public places with some decorum so it does not affect your day-to-day business.

Good luck.

TIDDOLL:
Hello, please how can one invest in MBA around north central..
Consider they've got no office here..

Nd what's the minimum?
Please anyone..

Please don't.

The 'big boys' are making exit moves and you are exactly the sort of latecomer that will be the 'sacrificial' lamb they are praying for.

Some of them might even be the praise singers here. You can see how the level of abuse has gone up when people don't agree with them, reeks of desperation. This playbook has been played out many times in the past.

Open your eyes, this thing will fall soon.

Good luck, whatever you do.

iyobosadavid:
Keep wallowing in your dreams that MBA TRADES will crash just like Pennywise which is a ponzi scheme. So if someone ask you if MBA TRADES is a ponzi, what will be your answer is "Yes", i laugh you because you are a day dreamer.

It is interesting observing the 'cult-like' behavior of people when they're so invested in something. Even the evidence of other 'cults' falling by the wayside is a doomsday scenario they're pushing to one side.

Chief, there's no difference between your MBA Trades cult and this Pennywise crap, maybe shinier offices.

You have no idea what they imvest in to generate such huge returns for the early investors. Money is essentially being recycled in a Ponzi scheme and it will crash soon. You know it, but either too afraid to contemplate it, or you're are one of the 'insiders'.

Just bear this witness ... if you're one of the insiders, no amount of washing in church will protect you from the karma of the guillible victims that follow.

Muyi002:
Bros, that is my building. As a matter of fact, this your opinion is the first I am getting. Other opinions have been commendable. I actually wanted the roof to be 6 meters high. maybe because of the way it was snapped. No worry by the time they finish, you will like it.

Thanks though for the feedback.

No offense intended Chief. Your build, your choice.

I actually raised a thread here about potential utility of roof space so I'm always on the lookout for ideas.
https://www.nairaland.com/3750414/quick-question-roof-space-utility

Good luck with the rest of the build.

money121:
Men @ Work.. Another Roofing Project Going @ Ilorin Kwara State

Is this "I better pass my neighbor" roof?

Why is the roof so gigantic, compared to the building size?

It looks ugly but that's only my opinion.

Good luck.

lastpage:
Certainly, l would have done so along with my post but l am not within reach of building as l type right now, it will take a few weeks to get to it as Covid-19 restrictions are still in force with respect to Flights in some places.
But l will revisit my Post and add the Picture.
Thanks.

Lastpage!

Thanks in advance. Your contributions on this forum are highly appreciated Chief.

And if any metalworker on this forum wants to run with the concept, especially as a retro-fit option, there would be a good market for this.

Cc Michlin (and any other metal fabricator)

Personally I have over two dozen windows where this can be deployed, again as a retrofit.

Ehismarty:
Update

Madam,

1) Please provide google map reference if you can.

2) What is the estimated annual service charge?

Thanks.

Afam4eva:
Actually, this is not a list of the best Ogene musicians. Rather it's a list of Ogene musicians that you need to know if you don't already know them. They're my favourites at the moment,

Ogene is a style of Igbo music consisting of, and taking its name from, the ogene instrument, which is a large metal bell.[1] The Ogene instrument has historically been made by the Igbo people of Nigeria. It is one of the most important metal instruments of the people.

-Wikipedia

This is beautiful music - thanks for the education. I did not know this was a vibrant music genre in itself but you can recognize it within the soundtrack to many of the Nollywood movies set in the East. Thanks once again OP.

englois:
First impression matters a lot. Most people here believe sending a private message (pm) to them means you want to beg for something or ask them out.
Lemme start by saying anyone receiving a pm on nairaland will get the message like this:

private-message@nairaland.com wrote:
Hello ABC,

XYZ would like to send you an email message, but since you're not connected, you'll need to contact XYZ by replying this email.
[color=#990000][/color]

Please watch how to reply to pm. I wanted to strike a business deal with someone here and after sending my message. The person replied with 'OKAY' I felt like even if I want to ask for assistance, you shouldn't be rude....

I agree, being polite should be the norm and it costs nothing. It should be two-way though, do not send unsolicited PMs as they're likely to be ignored. Within the subject thread, ask first .... "Please can I send you a PM?". The person will see this in their mentions and will respond positively if they want to discuss further.

Note that some people receive tens if not hundreds of PMs and, yes, most tend to be the begging kind particularly when they have been seen to show compassion on one of the 'assistance' threads here.

Or, for me, I always invite someone to send me a PM to progress something important offline.

Gloriouspa:
There are few glasses here and the common name for them are Portharcourt grass, water grass and carpet grass. The most rugged among them is the Portharcourt one.

The common name for it here is Portharcourt. It is rugged and can withstand harsh weather and if not we'll watered during the day season it will survive till next raining season.

Are you a qualified Landscape Architect or horticulturist? You're one of the few on here I see from your posts.