₦airaland Forum

etrange:
@bolded: Wow! What does he have in his investment portfolio that yields that much?!

That's for his 'investors' to ask? He promises them 180% per annum so he must be making at least 200% to cover expenses (Ferrari included).

Assuming, of course, we're not engaging in a sacarsm double bluff conversation.

Good day.

etrange:
Who is he?

He is the guy who has universal secret of how to generate 200% per annum in the forex market (while the most sophisticated currency hedge funds are generating 5% per annum on average).

With this secret, he is not approaching these hedge funds to give him even 1% of their funds under management (still billions of dollars, mind) but he is that benevolent he'd rather invite thousands of *Nigerians (most of them poor) to come and 'invest' their funds with him.

And, ''no, no, no ... it's definitely not a Ponzi Scheme". Just ignore the Ferrari and opulent lifestyle - just trust him, eh?



* As a society, we need our heads examined daily IMO.

Godisgreatest1:
Hello, I sent Dangote cement customer service a mail telling them the current price of cement is #3500 to #4000. This was the response I received. Thank you.

Looks like a standard reply. Probably sent by a 'Robot'.

You'll probably get the same response if you sent a message, say, complaning that your M-I-L is coming to stay for chrisrmas.

Cindino20:
Quick Question about painting

My initial layman Idea was to screed my external walls and use satin. However the 2 painters that ve checked the work so far has suggested I go for velvet and skip screeding/satin for external walls. Their argument is that satin peels off after some time due to harsh external conditions.

Can anyone confirm if they ve used velvet instead of satin for external walls? if yes, is this method better than screeding/satin?

More so...How do you prevent soaked wall during painting..I did German floor with the water proof stuff as advised here but I am thinking there is a "painting method" to further reduce this problem. If anyone has an idea of what works...please inform me.

Thank you very much in advance.

I bet @gbadexy is scribbling a response now ... He da man!

Happy Holidays too.

EgunMogaji2:
This is an example of what I meant by overbuilding in Nigeria.

Traveling through a more advanced sister West African country recently, not a single 9 inch block to be spotted in all the ongoing residential building works around, some quite complicated and tall.

Using 5 inch solid blocks was the norm and the carcasses even looked lithe and beautiful and could therefore seemingly lend themselves to further creative finishes, this compared to the 'monstrosities' (IMO) we seem to favor in Naija, my own building at the carcasss stage included.

Who did us this thing?

Gamesmart:
Quite nice looking house.
Only thing missing is greenery (and can't see the finishing) but it is still quite nice looking, planned and spacious.

This. A personal bugbear of mine.

Nice house but there really is no need for over-concreting anywhere that is not meant for a path or car park.

We often wonder about the prevailing increased incidences of flooding when the area available for ground infiltration is getting ever smaller.

That bit along the side could have benefitted from a nice lawn strip (path) and cultivated garden.

spyder880:
All glory, all honour and all adoration be given unto our Lord God .

To HIS glory, we have agreed on terms to construct a 5 bedroom duplex for a Nairalander, and a friend of mine.
...

We appreciate you our friends and readers for your continued support and encouragement, because of you, we can always aspire to do more. Thank you all.

Congratulations and no doubt this will be another feather to add to your already over-plummaged cap.

I espy plenty cantilevers in the render. This would be good learning for most when these are being done if you don't mind.

taiwo92:
More reason I make friends with Indians, Germans and the English students in my class. Nigerians are so bad and always get cold feet on the progress of others. Jabolo u are a good example. What is your problem with investors? Did anyone beg you for money?

Read carefully. You are not my normal audience. Collaterally maybe, but means you can easily ignore me.

Of course, the consequence of your progress is misfortune for others, ultimately. That fact is inescapable.

If you're happy you are invested in an 'investment company', believe all they tell you about super profits in forex business then please don't mind me.

Good luck.

Wingnut007:
30k annual service charge is very reasonable. Please what location is this? Is it an open neigbhourhood or estate? Where I live currently in Surulere, we pay 160k yearly. It covers security, cleaning, electricity (lighting of common areas), waste disposal and general maintenance.

Most 'brokers' selling land and properties in shared estates are often very shy about disclosing the ongoing charges.

What is also important beyond the initial amount is who or under what conditions can this charge be increased in future. Think 10 years down the line, can the charging company unilaterally find something expensive to justify increases. Study the management agreement carefully.

AquaPetals:
The bolded is the crux of the matter...unless he is getting paid by someone to spit bile doom on MBA trades.
Someone who is a comfortable and making serious money from his/her or business, won't have time to be sleeping, waking up and masturbating here.

Look.

MBA is not an 'investment', it's a Ponzi scheme. I think we've already established that clearly. Arguing to the contrary is akin to Donald Trump arguing he won the election.

Now, let me say this. All of you that knowingly invested in a Ponzi Scheme, you are greedy and deserve everything you get if you lose the lot.

You are immoral and your prayers to God, or curses on others with God's name is just evidence of how low you've sunk in life, for greed.

Do you know what will happen when MBA stops paying? You saw a little sample here last week.

When it crashes, it gets worse.
https://www.npr.org/2018/12/23/678238031/for-madoff-victims-scars-remain-10-years-later

I also understand not everyone knew what this was really about though and therefore invested only what they could afford to lose. The ROI testaments here were too compelling

So, I apologize to no one for warning others not to invest. That's all I do. I don't join words with the corrosive faction of the investors because I understand the deal with the devil of greed they've made.

I have tons of information on MBA and other ponzi schemes and can always get more in a millisecond.

It takes me no time to disprove false information intended to lure 'victims'. I don't need multiple monikers to pass my message so accusing everyone against this thing to be 'jabolo' is, again, like Donald Trump's delusions.

Feel free to continue with the abuse but it's inconsequential.

kintus:
What kind of a doctor are you? Abi na babalawo? Nothing were person no go see for this faceless forum.

Lol, I know you ask in jest but the man sounds even more deranged than the 'attack dogs' that live on this thread (most of whom seem to have mellowed) ....

DrAkpa:
@ahiboilandgas aka Ibrahim wannabe Nairaland billionaire, and a common truck driver with MRS oil and gas in real life.
@joeyburton
@jabolu or jabolo or whatever d heck that one calls himself.
@Theoutsider

And other idiiots, that I don't know their names who have taken it upon themselves to constantly cast slur remarks on MBA on this thread even when they have their own thread to talk whatever nonsense they want to talk.
Anyway, let me make it clear to these anti-mba miscreants, if you do not respect yourself and desist going forward from posting doomsday comments on mba, I will not just curse the 3 of you, I will stand naked at a junction on 12 midnight on any day when there is a red moon to curse the 3 of you with calabash of red oil palm oil and 3 vulture eggs and cast a generational spell on you lots.
This is not a joke, nor a threat. So do not dare me.

====


Continuing, I've stood back and watched the drama here but it's all predictable. It's also merely a rehearsal as this Ponzi scheme is still hanging on but when it eventually takes its last breath, this place will be very brutal indeed.

It's almost redundant warning people from investing but the misinformation should be continously countered as some of these folks are desperate for more 'victims' to help string this along some more that they get paid.

Good day.

bluejeff:
Needed to sort out pressing needs giving me sleepless nights. I work (will provide proof) and will pay back in two months installments beginning from this month. Ready to draft an agreement to that effect if need be.

PM me pls. A red in need is a red indeed lol.

It might take one or two days to revert but all good.

DrAkpa:
You are a liar. Get the hell out of here. You think court injunctions are gotten just like that?? Mba that has a separate unit of lawyers, you think they don't know about this? Please go and sit down.

Separate unit of lawyers that do not know the first thing about non-binding nature of an MOU which is what they asked investors to sign in the first place.

Give a bunch of monkeys typewriters and they will produce a better legal document than that one a trainee lawyer can deconstruct in one court sitting.

Stick to vulture eggs and dancing naked in full moon lol.

jaytime:
If one cared to look at this picture, 2 conduit pipes are popping right there out of the wall into the roof space waiting for cabling.

Easily missed the first time but thanks for taking time to point it out again. Peace.

jaytime:
FYI they've done piping in there, it's only cables they haven't run yet. Discrediting anything just because it relates to one's area of expertise is not the best way to sell one's self.

I missed any 'discrediting' in the original question. It was perfectly poised and many of us were similarly curious.

Nkaluu800:
I laugh when people think MBA is just a road side investment company.
MBA forex
has "UNHINDERED ACCESS" and solid backing from the power brokers in Aso Vila!!! Believe me!
Make inquires if you are in doubt.

Untrue. Very untrue.

One Special adviser was invited to a forum last year he knew not much about, was well fed and then propped up to give a rambling speech essentially saying not much except name checking MBA. It is not even related to his portfolio - he was almost sacked and has been advised to wind his neck in.

Wickedfact:
You think your civil contract would protect you from a criminal complaint of fraud?
Do you know what happened to BTD? Go find out.
Whatever happens, no injunction should come near MBA accounts. Even if it would be lifted, it can take 6months. Can MBA survive with its accounts frozen for 6 months?

Doesn't even need personal journey through the courts. Complaints to the SEC will trigger the necessary regulatory moves against this unregulated entity, yes, including bank account freezes.

As an 'investor', this is how to kill the goose if you're getting jittery and your ROI held up but at least any money in the accounts will be preserved.

This might also be the convenient excuse the ponzi Sponsors are praying for.

Good luck and good day.

airsaylongcom:
So how come online investors are being paid without hassles? Is it possible that the delayed payment for offline and prompt payment for online could be a tactic to get people to migrate to the online platform?

Why does it matter offline/online? Presumably everyone is recorded in the same system. The accounts numbers for payments are posted all the same. No one comes to collect their ROIs in cash.

When you deliberately open shiny offices in 'commercial centers' to catch passing trade like Okada riders and market women (relatively uninformed), then create this offline/online dichotomy ... it's more proof we are dealing with a hierarchical 'money allocation' operation, not 'investment'.

From the summary above, I assume none of the Q&As touched upon investment themes like "what is the return made over the last quarter?", "what currency-pairs are you focusing our money investments to make the 180% return per annum?".

It's all 'money allocation, money allocation, ROI' etc.

As the pot gets smaller relative to the potential payments, new rules come into play (2 month wait for withdrawal) so anyone thinking about investment should note this.

The playbook is not new.

Good day.

PS: You're obviously one of the good guys but the 'Pavlovian dogs' have been relatively quiet lately. Wetin happen lol? Hussling for their ROIs?

aghaibiam:
I will be blessing my new home tomorrow.i am now the proud owner of a modest 4 bedroom bungalow.Thanks guys for all the free consultations.How do I move houses at minimum cost? Best bet would have been a nine eleven truck but there is no money for that.My house is 15 minutes away from my present address.

Congratulations!!! More blessings to you in your new abode.

Lamda05:
If you have answers to my concerns on WCEP/MBA, pls provide. If not, ignore my post

3. How can WCEP own 90% of MBA and MBA own 50% of WCEP Africa?

Good question (left unanswered by the 'investors') but could help anyone thinking about investing ....

So, it was probably an all share transaction so not necessarily involving funds. WCEP bought 90% of MBA by offering 50% of shares in WCEP Africa. It implies there was an agreed valuation of all the parties before the transaction. We know the book value of WCEP is a grand sum of zero so more wuruwuru that 'investors' just don't wanna think about lol.

Join the dots ...
a.) Citizen-by-investment requires investment in another country to get their passport;
b.) Anti-money laundering rules very tough these days to write a cheque for large amounts of cash;
c.) One can gradually build up ownership in a foreign domiciled entity as also proof of investments;
...
d.) Japa

Good day.

jennann:
Would have to confirm but I think it's 12mm rod there

Madam, then this could be one of the most conclusive examples of "Case Closed" on this thread.

Remember, the Supervisor works for you, not the other way round.

Good luck.

InGodWeTrust701:
Nice beautiful Speech !

Jabolo and the 40 thieves una president fit make that kind speech.

InGodWeTrust

Won't listen if you don't mind lol. I could have written this same speech five days ago. Also, the smart 'investors' among you can probably deconstruct it line by line while the less informed will take it at face value. It's all good.

You need to realize that this playbook is not new. The flaw in the entire scheme is the deception that there is a forex engine somewhere generating 180% per annum growth.

My own clear pupose is to continually advise potential 'victims' ... DO NOT INVEST, ESPECIALLY NOT NOW.

Good day all.

DrAkpa:
This one is still jumping about quoting scriptures. Na just red moon we dey wait to complete the sacrifice.

Good luck lol. Where did you get vulture eggs?

Thanks for the laughs. Honest.

AlmondRPG47:
I'll love to hear more of what you know!

Sorry just saw this. I'm not used to non-abusuve mentions lol and tend to skip most.

I know no 'financial regulator' of any description has inspected MBA forex, at least not at the national level.

Someone else pretty much laid down what's really going down in a more general sense a day or two ago. To the T.

Like airsaylongcom, I'll perhaps plead the 5th on pointing that one out.

Good luck with your investments.

History of Ponzi in Nigeria...

Credit: Internet.

In the earlier times in Nigeria, in the 1950's and 60's, there were very bold individuals, tricksters and frauds who paraded themselves as magicians, posing to have power to do the impossible.

They went from one village to the other and to communities in urban areas persuading people to surrender their valuables; money, clothes and jewelries in order to gain them back in multiples.

They would make it possible for a few members of the public to win some handsome gifts. But really, members of their own magical group who disguised as members of the public won most gifts.

At the end of the show, fierce looking hooligans would emerge on the ground, wielding dangerous weapons to scare the audience away and to escort the master sorcerer away in an undisturbed passage while the musicians of the magician would start to beat their talking drum very hard and fast asking "Tanii fi owo ra owo?" meaning "Who ever used money to buy money?" Others of the musicians would be beating theirs, saying "T'o lomo kan lo soro o, kaunkan l'awa soju" meaning "It is the headache of those whose money have been swindled but we can't be bothered in our own case"

There starts the beginning of profuse sobbing and gnashing of teeth of those who have been robbed of their valuables...

===

So, this particular storyline has been around our culture for a long time.

I liken it to film remakes. The likes of MBA, Bara, Bluekey, Pennywise etc come along with different characters, different scenes and even more special effects.

The end is always the same.

airsaylongcom:
Let's not go further as that is privileged information. But rest assured that those that need to examine us are doing so. And their request went beyond accessing computers.

Lol, I won't go further as I have my own superior sources of information but then, I'm not an 'investor'.

If I were, I'd be curious (and slightly concerned) why this is considered privileged information.

Have a restful rest of the weekend.