₦airaland Forum

[quote author=lofty900 post=57373911]Northerners are very peaceful I keep saying it. I served in the north. My students are also traders in the market and whenever they see me a southerner coming to the market, they'll surround me asking me to come and buy from them and I got the best deals ever. #500 cow meat will full my pot I'll even get tired of eating meat. I watch free matches at the viewing center. I walk freely with my phone in the night and no cultists or agbero harassed me. Why are my saying all these? It's only a few bad egg is making the north look bad, if you have never been to the north, you'll never know. Igbos have the biggest houses and pharmacies in the north and they're happy. Leave them alone.[/]Peace loving Germans, Japanese, Chinese, Russians, Rwandans, Serbs, Afghans, Iraqis, Palestinians, Somalis, Nigerians, Algerians, and many others have died because the peaceful majority did not speak up until it was too late."

OP you are just too good. Will send you a bank alert asap.

I pray as Nigerians we grow above all forms of sentiment be it religious, ethnic or political and rather tackles problems objectively based on issues.

Even if a person you perceive as a fool says nonsense, you would only be different from also being a fool if you pick out the sense from the nonsense and prepare yourself , otherwise you will also be guilty of not being wise.

It is not wisdom throwing a baby with the bath water.

Let's remember we have no other country.

Nigerians let's wake up and see ourselves as one.
#SayNoToSentiment
#SayNoToSelfishinterest
#SayNoToIambetterthanthenextperson

God rescue and bless my country Nigeria.

Nigeria matter is beyond repair

why are all these fraudulent schemes on the increase in the last two years? is it because of the bad economy, poverty or hunger?

soldierdollar:
"Why does the Federal government want MMM banned? A scheme Nigerians are using to help themselves? The national assembly are just too wicked! They are busy "chopping" our national cake but will not allow this God-sent scheme to see the light of the day. God Pass them" ... and a thousand and one more quotations showing how desperate and ignorant Nigerians could be about ponzi schemes.
It is no surprise as to how passionate Nigerians could be about get-rich-quick schemes considering the fact that the current recession is really biting hard. In fact the level of passion exhibited by Nigerians about this scheme has forced many participants to write open letters to Federal authorities warning them to desist from any attempt to be a log in the wheel of their "progress' . Some have become irrevocably too sure about the sustainability of the pyramid schemes, especially, MMM. I am not here to question the sustainability or otherwise of MMM scheme neither am I trying to pacify you to leave the scheme; I am here to tell you that MMM has not and will never improve the generality of life in Nigeria with the following facts.

(1) MMM has no central account. This well known fact should be a source of worry about the owners' source of income and the sustainability of the scheme. MMM does not not have direct access to your money and thus, does not invest it in order to grow it. Why is MMM being selfless and 'patriotic' in ensuring the smooth running of the scheme? How the heck does it gain from the scheme? Below is the answer to the puzzle.

(2) It may shock you to know that just like you and millions of other participants, nothing prevents MMM from "providing help" and "getting help" from a scheme they created.As the first investor in its own scheme, imagine the millions and chains of referrals in their 'downlines' and thousands of guiders that constitute its team. I may be wrong in the figures , but the number will be quite humongous. Is the amount of money MMM makes enough to pay millions of their participants 30-40 % returns on their investments and 10% to the referrer? Hell No! Then how the heck are they able to keep to their promise of settling investors?

(3) Liken MMM to a large mansion where you have to pay the occupants some money before you are allowed entry into the house. Once you are allowed into the mansion, you have to wait for another stranger who has to pay you 30% + 100% of your money before he could be allowed to live with you. Most times one stranger may not be able to foot the bill. He is merged with one or more strangers to pay you. In other words, the sustainability and longevity of the scheme will rely on the number of new tenants and the amount the new tenants are bringing to the table ( as well as the willingness of old tenants to renew their rent). Will this huge Mansion one day collapse? Or more likely, will this huge mansion ,one day be deserted? Definitely! How? Read below.

(4) Who pays the old tenants? New tenants or old tenants who are willing to renew their rent pay the old tenants. Literally, if you provide help by paying a tenant, the same help will be reciprocated to you with 30 to 40% bonus for being a good kid.Will there be a situation where I will provide help and not receive? Yes.. in the event that new tenants stop coming. But what can really discourage new members from coming?

(a) When everybody have become tenants. In the very near and imminent future, this will be the case.

(b) When the mansion( scheme) has become old such that new tenants decide to look for other houses (schemes) with better offers ( MMM united, MMM japan MMM Illorin) leaving old members stranded in an a state of panic.

(c) when old tenants refuse to renew their rents and decide to rent a house( scheme) elsewhere

(d) when the money new tenants pay as rent is smaller than what the old members are waiting to be paid- Old members paid millions of Naira but new tenants are bringing peanuts because of the reason below.

(e) when there is fear and uncertainty. "Will they ever unfreeze mavrodi accounts after a month? is this an end time sign?" This will of course decrease "investors confidence" and will either make new tenants to stop coming, reduce how much that is being invested or make old tenants not to renew their rents.

(f) When old members, from their profit start building their own mansions in form of houses, cars , business- thus cutting the chances of reinvesting in the scheme which will invariably reduce the amount of money in circulation.
What will be the fate of old tenants waiting to be provided help? Your guess is as good as mine. Will this result to the crash of the scheme? Yes. How soon? I do not know. Why do I think MMM is not a helping scheme? Read below.

(5) As you have now known or previously knew, MMM will one day crash but the date, hour, minute, second is uncertain. What if it crashes? Will the totality of Nigerians be happy? A big No . Why? Let me make a simple illustration. Let's say at the point A,B,C,D paid to E,F,G,H , the system crashes. This will create equal amount of Joy and sorrow. In other words, we may even have more mourners than "merriers" in most cases where many people are merged to pay few persons

What have I achieved by writing this epistle?

a) I have established that MMM and similar schemes are not cast with steel. They will one day crash.

b) I have succeeded in establishing that MMM does not improve the generality of the population. Where you rob peter to pay Paul and create equal helpers and stranded 'beggars' does not imply help.

c)I have succeed in reducing your passion for ponzi schemes which is typical of productive nations. Let us be more creative, innovative and productive. MMM has really lead to brain drain in our agile youths.

Is it biblically, Quaranically, morally right to rob peter to pay Paul? Share your thoughts.


I invite Lalasticlala, mynd44 , Seun , Ishilov

- Soldierdollar-

Thanks for this write up which I have long been preaching since. it is just unfortunate that most Nigerians are too dull that even after this write up they wont still understand or will argue foolishly and still join other Ponzi's . maybe I think its poverty mentality.

Lai Ngige Mohammed

This MMM thing shows how Gullible Nigerians could be. no wonder politicians sees us as brainless bunch of followers and play us like football. NIGERIANS WAKE UP MMM DON DEY CRASH. THE 20 USD BONUS WAS JUST A PLOY TO GET MORE MONEY INTO THE SYSTEM BEFORE THE CRASH. WHY NOT PAUSE BEFORE ENTICING PEOPLE WITH 20USD? why now?

#istandwithBuhari
let the sufferings continue, if not Nigerians will not have sense by 2019. PMB pls teach us sense so that next time we go vote with our brains.
Imagine in 2015 someone type on fb that '' even if it is a president as old as methuselah and without brain that they will vote for him.''
now they are complaining
more policies to teach us sense on the way.
PMB you were sent to teach us small sense so pls carry go

PMB please continue. They wanted change and change they have gotten .

CACAWA:
It won't work

Because even while Buhari is still alive, Osinbajo has served as "acting president"

So they should better rephrase the law they are proposing to read "substantive president, either elected or sworn in by cause of death"

Because we know that GEJ became substantive president on May 6 , 2010 after acting for several months during Yaradua's ill health.




Mumu gozzlin, read news, they will not, clueless noisemaker

Buhari even communicated to the National Assembly that he was going on ten days vacation and will handover to Osinbajo.

You are right. you speak like a learned fellow. They want to create another loophole that can be exploited for endless court cases.

shedy03:
cai, this APC govt.
by the time they are done with this country, no one soul will remain to vote APC out 2019.
God help us.

Nigerians have not seen anything yet, this is just the beginning of the change. I like the way things are going in this country, maybe that will give some of us small sense next time.

Sasuwa:
vote atiku 2019

It amaze me how some persons can be so brainless to be campaigning for past leaders to come and keep ruling again and again in a country of over 180 million people as if they are the only ones with leadership skills while the rest are dullards.

It amaze me how some persons can be so brainless to be campaigning for past leaders to come and keep ruling again and again in a country of over 180 million people as if they are the only ones with leadership skills while the rest are dullards.

Sasuwa:
vote atiku 2019

political alignments........