₦airaland Forum

I go dey ph and gh all d way. LOoooooooooooooooooooooooooooooooooooooooooooooong live mmm.

NgcoboP:
lalasticlala please help save Nigerians from this PONZI scheme!

Convicted Russian fraudster launches financial scheme in SA Sergei Mavrodi is at it again with MMM.
Hanna Ziady | 17 August 2015 00:01

Sergei Mavrodi, a convicted Russian criminal who served jail time for fraud, appears to be successfully running the same pyramid scheme that swindled thousands of Russians out of their hard-earned rubles here in South Africa.

According to The Moscow Times, Mavrodi was found guilty in 2007 of defrauding 10 000 investors out of 110 million rubles, worth some $4.3 million at the time.

Mavrodi, described by TIME Magazine as “Russia’s Bernie Madoff”, developed MMM as, “a crude financial pyramid scheme”, in the 1990s.

Having cheated millions of Russians of their savings, writes TIME, he served a four-year sentence for fraud and then in 2011 reappeared plugging MMM-2011.

MMM-2011’s business model appears very similar to MMM South Africa, a “social financial network” promising 30%-per-month returns. It claims it is not a high-yield investment programme (HYIP), but simply “a community of ordinary people, selflessly helping each other, a kind of the Global Fund of mutual aid”.

“This is the first sprout of something new in the modern soulless and ruthless world of greed and hard cash. The goal here is not the money. The goal is to destroy the world’s unjust financial system. Financial Apocalypse!” the company declares on its local website.

MMM claims to do nothing more than connect its participants, who then transfer money to each other directly “without intermediaries”. Once creating a Personal Office (PO), participants are given “Mavro” – the internal currency of the system – equal to whatever amount they have invested (a minimum of R100), which then grows at a rate of 30% per month, according to MMM.

This translates to 360% per annum. The Consumer Protection Act (CPA) describes as a “multiplication scheme” (i.e. a Ponzi scheme) anything that promises an investor an effective annual interest rate 20% above the repo rate, which is currently at 6%.

Participants must transfer money to another MMM member’s bank account before they are paid their Mavro. No explanation is given as to how these investments earn such high rates of interest. “There is no central account in MMM, to collect all the money of participants (and from where they could be stolen easily). All the money transfers are made directly between participants,” MMM claims.

Members can also earn registration bonuses, referral bonuses, manager’s bonuses and bonuses for appearing in video testimonials.

Established in 2011, MMM claims to have a presence in 107 countries and more than 138 million participants around the world. Its website lists only nine countries, including Kazakhstan, India, Bangladesh and the Philippines.

This journalist received an unsolicited SMS from MMM last week, advertising its 30%-a-month returns. It appeared to come from a number in Cambodia.

Sergei speaks to South Africa via YouTube

MMM South Africa’s Facebook page has more than 22 000 likes and is used to disseminate weekly news from Mavrodi: YouTube videos of him discussing the business model in Russia with English subtitles.

In his most recent YouTube video, released last week, Mavrodi remarks, “Everything is wonderful in South Africa. The dynamics of the development are high. The participants and managers are active… However, I remind that it doesn’t mean we should relax and do nothing. We have to work hard, apply all efforts, develop the system, and everything will be even better… Nevertheless, I repeat that generally everything is wonderful, and you see it. Everybody is paid. So the dynamic of the development are growing constantly (sic).”

Mavrodi appears to sign off all his YouTube clips with the message, “I believe that the financial apocalypse is inevitable. Together We Change the World.”

Based on these videos and an extensive ideological explanation on its website, MMM appears to be a reaction to the established financial system and its exclusion of the majority of workers to the unjust benefit of a select minority.

In 2011, Russia Today reported that MMM-2011 was a “classic Ponzi scheme” that was set to collapse, “leaving thousands of families penniless”.

“The South African Reserve Bank (Sarb) does not comment on or provide any details pertaining to past, current or potential investigations we may be involved in as part of our mandate,” said Hlengani Mathebula, head of group strategy and communications at the Sarb.

Moneyweb could not reach representatives of MMM in South Africa via email or cellphone.
http://www.moneyweb.co.za/in-depth/investigations/convicted-russian-fraudster-launches-financial-scheme-in-sa/

shut up jo u r lying bankers have paid u to say that.

send to canicechinedu@gmail.com thanks.

That is my brother from the same local govt. in imo state (ohaji/egbema)

MMM is real and its paying. for more info contact me via educhi700@yahoo.com

one of the pastors i respect a lot.

smoking cigars and buying iphone 7

kare o. this is what we want. change begins with you.

Opistorincos:
its just a matter of time, all the people hailing MMM now will cry to us for help and verily verily i saw unto you, by then, it will be too late to cry,scream or even commit suicide

MMM pays really good.

Mrsbrodgi:
Why didn't dey bit d military

the NA came and shot at innocent civilians they never went to the hideouts of these miscreants.

the people killed were not the militants but innocent civilians going about their businesses. this happened on the 4th of sept. not "6th Sept" naij.com take note of ur error and report correctly.

my brother died serving and defending this country from bh. God ll keep u alive for ur family.

Going to Church in Iran is dangerous. Neda parks several streets over from where Foozi and Cyrus lead an underground house church in Tehran, Iran. Not to raise suspicion, she has timed her arrival so it won’t coincide with any others. She walks up the stairs of the apartment building and softly taps on the door. Once inside, she removes her shoes, and Foozi whisks them away, hiding them in a back room. Worship begins with the members lip-syncing along with the praise songs playing on the Church 7 satellite television programming, tuned in barely above a whisper. They have taken every precaution for safety, but ten minutes into their time together, a sharp knock raps on the door. The members quickly turn off the TV and hide. Have they been found out? Cyrus answers the door. It is their next-door neighbor. They know he works for the government and will be rewarded if he can uncover a Christian underground church. The man says he had heard a noise and wanted to be sure everything was okay. “Do you have a party tonight?” he asked, looking around the room. “No, no,” Cyrus answers. “It was just a friend who came to wish us well.” Gathering for church indeed is dangerous but vital. Underground church leaders have to balance the needs of the people they are discipling and of neighbors who are ready to receive the Gospel message with the nosiness and evil intentions of those who wish to have a reason to turn them in. These leaders need our training and we need your support to do so. We Are a Church-Planting Ministry Visible churches in Iran are now all closed, yet the Church is growing. With the launch of Church 7 three years ago, we have been able to establish a wave of new, healthy and multiplying underground churches. You see, we are not a television ministry; we are a church-planting ministry that uses television, the internet, and other technology as church-planting tools. Through these tools, we share the Gospel and develop believers committed to the Lord. We follow up with them and train many to lead God’s church in Iran. We are pioneers in this field and have proven to the skeptics that it is possible, with God’s leading, to use media and TV to plant underground churches. (over, please) Yes, we do much of this training through TV. But that is not enough. Se we spend time with select leaders in online small groups. Eventually, we meet tested and trusted leaders face-to-face in weeklong intensive training conferences somewhere safe outside Iran. Foozi and Cyrus are two church planters that we discipled and then brought to a third country outside Iran for a week of face-to-face training. Their house church is a beautiful picture of how God is working to plant churches and transform Iran. Foozi and Cyrus live in an apartment with many neighbors. Many people knock on their door. They never know if it will be for ill or for good. But they serve the Lord faithfully. Here is more of their story: Join Us to Plant More Churches The Lord is with us. We can do what we do because He paves the way, preparing hearts and minds with dreams and visions, and supernaturally providing circumstances that allow the truth to be told. We are praying to have over 3,000 underground churches within the next three years so that more of our 3–6 million daily Network 7 viewers have this same opportunity to worship and grow in community with others. To accelerate our training of more leaders, we plan to start new satellite TV programs to meet even more of these training needs. We also want to increase our face-to-face training outside Iran. All of these efforts require funding. I am sure you agree with me: conversion is not enough, we need to raise disciples and leaders to plant healthy and multiplying churches. We are willing to make the financial commitment needed. Are you? Gracious friends have increased our matching grant goal this summer, meaning that your gift up to $65,000+ will be doubled if you give by August 31. August will be the final month for this matching grant, so please pray and choose to be a part of raising up the church in Iran now.

source www.ozyblog.com

The trial of two Sudanese church leaders has started in Khartoum. They are among four Christians accused of trying to tarnish the image of Sudan’s government.

According to the Sudan Tribune, Rev. Hassan Taour and Rev. Kuwa Shamal were charged on Sunday (21 August) with "fabricating videos of incidents of claimed genocide, killing of civilians and burning of villages, besides claims of persecution of Christians in Sudan".

The prosecutor told the Khartoum North Court the defendants also conducted "intelligence activities and provided material support for rebels in South Kordofan".

More info: www.ozyblog.com

When a veteran started offering traditional remarks at a military flag-folding ceremony, several uniformed airmen assaulted him, dragging him out of the room because his remarks mentioned God. Now First Liberty Institute lawyers representing retired Senior Master Sergeant Oscar Rodriguez are demanding that the U.S. Air Force apologize and punish those responsible or face a federal civil-rights lawsuit.


Source: www.ozyblog.com

APC agents SR

Kildani in his officeA militia group involving Christians in Iraq have come up with the intention of protecting their people from ISIS group.

The militia group known as Babylon Brigade is made up 100,000 volunteers, who formed an advance toward the Islamic State group. These local militia were able to stand firm when the Iraqi national army collapsed in 2014.
The flag of the Babylon Brigade

These Christian militia are handsomely paid, as the government cover all their expenses to the tune of $1.4 billion a year. Kildani, the leader of the group takes home $600 per month.

"We fight side by side with the Muslim militias," Kildani says, claiming: "We are the first Christian power in Iraqi history."

Source: www.canicechinedu..com

A 55 year old man was operated for using a carved cassava to derive sexual pleasure.
Luck ran out of him when the lubricated massive instrument got stocked in his anus. He could not get it out of himself, as he reported to San Juan hospital in Costa Rica.

Surgeons at San Juan Hospital took more than an hour to get the cassava root out of him.

source: www.canicechinedu..com

Rivers State institute of sport Isaka former Sea School was established by the first military Governor of old Rivers State (Rivers and Bayelsa states), Commander King Alfred Diete Spiff.

The Sea School was established with a prior motive of producing and promoting marine activities, training Sailors, Seaman and other activities which can boost the riverine area, since 75% of the state comprises of coastal areas.

At inception, the school was able to meet up with the purpose of its creation by producing sport men and women of various categories of sporting events, like canoe racing, swimming and wrestling which the state is very well endowed with talented young people who perform excellently well in them, because the institute acted as an avenue for catching young athlete, building them in order to meet with the challenges of sports world.

Every facilities needed for effective take-off were in place: functional hostels, dinning halls, football pitch, basket ball court, indoor halls for indoor games, and rivers surrounding the community for swimmers, but all these are now shadow of its former self as the building are now dilapidated, bushes all over the environment due government abandoning the wonderful master piece of idea put in place by it predecessors.

If not for abandonment of this unique sporting institute, Rivers state would have been one of the most vibrate state in producing sportmen and women when it matter most supposing the ideals and the objectives of this institute were still pursued diligently and achieved.

President Muhammadu Buhari since assuming office in May 2015 has travelled to many countries in search of economic relations and also attracting foreign investors into the country in order to boost the economy.
Recently, the President has sojourned to China for one week official assignment leaving the 2016 Budget unsigned.
Listed below are the countries the president has visited so far:
1) Niger Republic (May 2015)
2) CHAD (June 2015)
3) Germany (June 2015)
4) South Africa (June 2015)
5) United Kingdom (May 2015)
6) USA (July 2015)
7) Cameroon (July 2015)
Benin Republic (August 2015)
9) France (September 2015)
10) Ghana (September 2015)
11) India (October 2015)
12) Sudan (October 2015)
13) Iran (November 2015)
14) France (November 2015)
15) Malta (November 2015)
16) USA (November 2015)

17) South Africa (December 2015)
18) Benin Rep. (December 2015)
19) UAE (January 2016)
20) Kenya (January 2016)
21) Ethiopia (January 2016)
22) France (February 2016)
23) United Kingdom (February 2016)
24) Egypt (February 2016)
25) Saudi Arabia (February 2016)
26) Qatar (February 2016)
27) China

Source: www.canicechinedu..com

but y?

mtn ntoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

Former Super Eagles' coach,Clemens Westerhof have made his intention of coaching the nation's team side a second time.

He said, "I know what Nigeria lacks and I can make them great again, Nigeria need a strong person with the required experience to bring them out of the negative position they are right now."

The Dutchman, coached Nigeria from 1989-1994, during this time, Nigeria won the nations' cup and qualified for USA '94 world cup finals for the first time.

Anthony Marshall-Manchester United
Joe Gomez-Liverpool FC
Benik Afobe-Bournemouth FC
Joshua Josh Onomah-Tottenham FC

More pics: www.canicechinedu..com