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Business / Re: Ebeano Supermarket In Abuja Is On Fire (Video) by nacaz4real(m): 7:42am On Jul 18, 2021
Very sad. The government has no fire station in Lokogoma and when they eventually arrived they had no clear strategy on how to put out the fire. It was a very sad.

6 Likes

Education / Re: Meet Adebisi Yusuff Adebayo: Graduate With 50 Research Articles Bags 1st Class by nacaz4real(m): 1:16pm On Feb 08, 2021
ishowdotgmail:
Article
Note, Pharmacist do not graduate with Class Honours.

1 Like

Education / Re: Meet Adebisi Yusuff Adebayo: Graduate With 50 Research Articles Bags 1st Class by nacaz4real(m): 1:13pm On Feb 08, 2021
Note, Pharmacist do not graduate with Class Honours.[quote author=ishowdotgmail post=98775627]
Education / Re: Meet Adebisi Yusuff Adebayo: Graduate With 50 Research Articles Bags 1st Class by nacaz4real(m): 1:09pm On Feb 08, 2021
@ishowdotgmail
Pharmacists do not graduate with Class Honours, you either pass or you fail.
Congrats to the Man of Honour, that is a lot of articles even for pro standards.
Food / Re: What Happened To La Casera? by nacaz4real(m): 8:54pm On Oct 11, 2019
The prove is on a recent lacasera bottle the last batches that left the line if you can find one you'll see the coca cola logo on it.
Wickedtruths:


Acquired wetin?

Give me a link to where Coca cola aquired La Casera and I'll give you a link to where the MD of the company producing La Casera gave a breakdown of the soft drinks market.

They acquired Limca and only recently acquired Chivita because it led the juice segment and Five alive was doing poorly.
Food / Re: What Happened To La Casera? by nacaz4real(m): 7:06pm On Oct 11, 2019
How come no one knows that Coca Cola acquired La Casera and Killed that product line. The drink was strongly taking over the market share of the plastic bottled segment of the beverage industry, the acquisition was done subtly. Look for an old can of Lacasera and confirm for yourself.
Wickedtruths:
1. They maltreated their workers and had labour issues. Sacked their workers.

2. Rumours started flying that La Casera was unwholesome and using strong acidic chemicals for its drink.

3. This BIG COLA drink (not Bigi) came into the market and gave 65 cl for a price lesser than the 50cl La Casera was selling.

4. Bigi employed the sacked La Casera workers and started producing drinks using BIG's formula which is Reduced price, more quantity than La Casera.

5. The time La Casera realised they had messed up was when Bigi introduced Bigi Apple and Bigi Tropical. That killed La Casera.

6. La Casera started producing 60cl to counter Bigi, but it was too late.

7. Bigi produces in Ogun state, hence paying less manufacturing taxes compared to La Casera producing in Lagos.

La Casera as at today is targeting markets that Bigi doesn't reach or aren't interested in cause of high logistical costs.
Food / Re: What Happened To La Casera? by nacaz4real(m): 7:04pm On Oct 11, 2019
[quote author=Wickedtruths post=83039024] How come no one knows that Coca Cola acquired La Casera and Killed that product line. The drink was strongly taking over the market share of the plastic bottled segment of the beverage industry, the acquisition was done subtly. Look for an old can of Lacasera and confirm for yourself.
Business / Re: Lady Finds Biafran Currency In Her Father's Cupboard by nacaz4real(m): 11:21pm On Aug 13, 2019
Please can you post a reference?
Heromaniaa:
The currency spent in the defunct Republic of Biafra during the Nigerian civil war (1967-70), Biafran Pound, has surreptitiously crept into the currency market, serving as the legal tender in some communities along the West African coast.

Investigations carried out by Sunday Punch showed that the money is being spent in the border town between Togo and Republic of Benin, while some currency hawkers also exchange it for the naira and other currencies in the border town between Ghana and Togo.

One Biafran pound still bears the signature of Dr. Syvelster Ugo, the then Governor of the Central Bank of the defunct Biafran Republic and the picture of a palm tree. What is, however, baffling about the currency is that it has more value than the Nigerian naira and it is openly accepted as a legal tender in the affected communities.

When Sunday Punch visited the Ghana and Togo border town, known as Aflo, some of the money vendors were eager to sell the currency. They, however, insisted on selling one Biafran pound at N800. The scenario at the Togo/Benin Republic border, known as Helakondi, was different as the vendors willingly sold one pound for between N200 and N270 to our correspondent. Some food vendors in Togo were telling passersby that they were willing to accept Biafran pounds.

In Ghana, the vendors were discreet about the trade. One of them, who identified himself simply as Tony, told our correspondent that the money was not accepted as a legal tender in Ghana, but that Ghana was a transit route for the currency.

He said: \"We get the money from some Igbo people in Nigeria. They bring it here for us and we cherish it so much.
Crime / Re: Nigerian Air Force Releases Footage Of Latest Airstrike In Zamfara by nacaz4real(m): 8:48am On Apr 19, 2019
I hope this attack was properly coordinated, I hope there were ground troops to round up those that were escaping by foot? The Airforce and Army should always collaborate to achieve a higher level of success and a high emphasis should be placed on intelligence gathering especially from those captured.
Religion / Re: Daddy Freeze: Celebrating Christmas, Is Celebrating A Pagan God's Birthday by nacaz4real(m): 11:50am On Dec 20, 2018
It is the fact. Instituted in the Council of Nicea 325 A.D precided by Roman emperor Constantine. We have a poor reading culture and we cannot challenge ourselves to learn and unlearn, it is what has fueled underdevelopment in these parts.

1 Like

Agriculture / Re: Yoga With Nigerian Dwarf Goats In USA (Photos) by nacaz4real(m): 2:06pm On Jul 23, 2018
Even an Npki can leave Nigeria be useful and successful, what am I still doing here?
Education / Re: Top Great Psychological Tricks We Should All Learn by nacaz4real(m): 11:48am On Jul 23, 2018
Wear a nice perfume, a nice smile and be in control. It really works. wink
Naijawebmaster:
4. Try to sit next to an aggressor: if you do want to avoid an aggressive confrontation with someone, you just have to take a seat right next to them. The close proximity will make the aggressor less likely to have a go at you, as they will not feel comfortable with showing aggression to someone so close. I use this trick often in hot meetings. grin



This doesn't always work....infact, the closer, the more vulnerable you'll become to the aggressive person.

Need a reliable and professional website design? Then check my signature No advance payment required.
Politics / Re: Bianca Ojukwu Shines At Igbo Cultural Extravaganza In Dublin, Ireland by nacaz4real(m): 7:40pm On Jul 04, 2018
Do women wear Isi Agu?
Politics / Re: What El-zakzaky’s Case Could Do To Nigeria – John Campbell by nacaz4real(m): 12:59pm On May 05, 2018
Very true, The federal government must act with tact while handling this issue, else they will be incubating a far greater evil than Boko Haram.
Politics / Re: Borno Residents Flee As Soldiers And Boko Haram Engage In Gun Battle. Photos by nacaz4real(m): 1:55am On Apr 27, 2018
Sorry my brother may the Almighty God keep you safe.
tayot1:
I'm currently in Maiduguri. It's like those American war movies. Came back from work and had barely slept 2 hrs when the sound woke me up. I ran out of my hotel room. Lol! The security guys told us to pls go back in as itt's a normal occurrence and that sometime stray bullet may start flying around. Later we were told Boko haram were trying to enter the city but were being repelled. God! I've never experienced this before in my life. Different sounds of explosives and gun shots for hours. Military planes flying about. It's like war. Ikm still unable to sleep since then. I can never insult the NA again. God bless every soldier fighting the insurgent. God bless Nigeria.
Politics / Re: Borno Residents Flee As Soldiers And Boko Haram Engage In Gun Battle. Photos by nacaz4real(m): 1:38am On Apr 27, 2018
I logged on to NL because of this comment, if this is actually true then Nigeria is in deep deep sh*t, no wonder the number 1 citizen approved that huge fund without approval from Congress to meet the USA's deadline for the purchase of those supposed hi-tech war planes. I hope this menace can be properly handled by the Nigerian government and as a people because true Nigerians accepting unity as the core of the Nigerian mantra is oblivious of race, and religious bias and he sees diversity as the beauty and essence of life, go back in history Nigeria has always been a welcoming destination to foreigners and locals.
skales67:
Any Nigerian Soldier in Borno "fighting insurgency" is either tired of life and wants to commit suicide or is a fool or both!

How can you be fighting while your C in C is spending millions of dollars in compensating Boko Haram, releasing them back to the public from prisons and you risk your life fighting them. FIGHTING A FAILED WAR!

1 Like

Science/Technology / Re: The Sphere, Inside Amazon's ₦440billion Mini-Rainforest Office In Seattle(Photo) by nacaz4real(m): 7:15pm On Feb 09, 2018
This sphere will noy be complete without Cannabis Sativa
Gaming / Re: Got My Grandma An Xbox As A Joke For Xmas And Now She's Been Playing For 3 Days by nacaz4real(m): 7:51pm On Jan 03, 2018
Thanks, this is exactly what I need.
mosho2good:
SELF DEVELOPMENT TIPS FOR 2018

1. Make friends with successful people and occasionally buy them gifts and surpri'se them with lunch because successful people always give and hardly get, so when you give them, they value the gift a lot.

2. Get a mentor and follow his instructions and respect the relationship. Never beg your mentor for money or disrespect his or her privacy.

3. Make new positive friends as often as possible and ensure you keep the communication line open. Create a network of friends and not just connections.

5. Show kindness to everyone. Some small boys today will be big boys tomorrow. The biggest dog in the neighbourhood was once a puppy. And keep the information/secret to yourself.

6. Always plan ahead and be proactive. He that plans the future work less in the future.

7. Listen to speeches and messages from great teachers. Both religious and educational.

8. Attend seminars and training on any area you need to improve yourself. Train the trainer, personal development, public speaking, sales etc.

9. Have the habit of keeping a pen and a writing pad handy because ideas come in the form of flashes. The smallest pen is bigger and better than the biggest brain.

10. Make sure at every point in time you are reading a book. If you spend 20 minutes reading daily, for 52 weeks you would have consumed 1,000,000 words.

11.Stay away from television as much as possible. You can watch educational channels. Men with big TV sit in front of them to watch men with big library.

12 Put control over your mouth, never say evil of any man, what you are not certain of should not be said. Say good of all men.

13. Always show appreciation for any good deed you received.

14. Always help someone in need.

15. Live a debt free life. What you can’t pay cash for is not your size.

16. Give out loans that you can part with as gift, so that you don’t destroy your business and relationship.

17. Create legitimate multiple sources of income.

18. Save at least 10 percent of your income.

19. Invest a portion of your income. And be patient to see it grow. If what you have in your hands is not good to be called a harvest then it’s a seed, sow it.

20. Keep a good financial record of all income and expenses, so you won’t ask later “where did my money go”

21. Be involved in community service. Control traffic, free lesson class for students etc.

22. Keep getting better on your daily goals and dream, develop yourself on them and make sure you get to the top 10 % of your industry.

23. Make sure you engage in exercise. It keeps your brain alert and your body fit to enjoy your success.

24. Pray often, and know that for every success, God made it possible.

Wishing you the very best. I tell you, this will keep you going in life if you practice what you just read.

Happy New Year!

1 Like

Romance / Re: 10 Reasons Why we should Settle For A Partner Rather Than A Lover. by nacaz4real(m): 2:39pm On Nov 03, 2017
My friend your article makes a lot of sense. Many people would not get the sense this, however, if many people couples can follow these simple principles they'll definitely build stronger relationships. Nice piece for mature minds only. cool
Toks2008:


Don't know if this makes sense.
Science/Technology / Re: Goat In Yobe Gives Birth To 'Human-Like' Creature (Photos) by nacaz4real(m): 11:35pm On Oct 29, 2017
Lol, I almost wet my pants while laughing so hard at some comments, anyway I understand not everyone is a scientist. Basically every vertebrate animal usually look the same during the first and sometimes second phases of embryogenesis. So those things are just underdeveloped foetuses with some characteristic features of a goat, hooves and other goat features can ne clearly observed. There is no freaking possible way a human sperm can fertilize a goat egg, they are not of the same genetic line.

1 Like

Crime / Re: Nigerian Man Tied & Beaten In India By Mob (video, Pics) by nacaz4real(m): 7:19pm On Oct 09, 2017
We commit more heinous crimes back here in Nigeria.
Education / Re: Private Universities In Nigeria And Their Current Tuition Fees by nacaz4real(m): 3:52pm On Aug 20, 2017
Lol, there's a protection clause that backs all private universities, if a private university cannot run itself anymore it will be taken over by the government(AMCON), thats why they pay a huge premium to the government in form of tax.
Statsocial:

With NUC accrediting more universities the tuition of most private universities would reduce further. I just hope some of these private unis would still exists in 15 years time. One wouldn't want to go to a school that would crash 5 yrs later after someone has graduated. U go explain to employer tire grin
TheVictorious
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by nacaz4real(m): 11:34am On Aug 10, 2017
My late uncle once told me Okomu will not disappoint you. smiley smiley smiley
Health / Re: Senate Releases List Of 42 Banned Anti-malaria Drugs Still Sold In Nigeria by nacaz4real(m): 10:32pm On Jul 20, 2017
Please don't miss inform the public with this trash. Always ask the authenticity of any material before you share or broadcast.
These drugs are not harmful, they don't cause any kindey or hepatic disease at therapeutic doses, and they are not banned here in Nigeria. The problem with the drugs you are seeing here is that they are monotherapy, each of those drug should be in combination with another drug, and the most common combination are ACT based. In summary those drugs listed in combination with another drug is a superior way to deal with malaria resistance.
babaolofin:
At last. They (Senate ) tried. Since early this year, I got this information of banned malaria drugs from EU market. I am sure so many Nigerians also received the information as received below.

The list of drugs against malaria removed from the market in the European Union.

The underlisted drugs have been proven to be dangerous and are the origin of kidney failure that kills spontaneously.

Listed are designation, form unit and laboratory manufacturer of these drugs.

1. Alaxin 60mg tablet (dihydroartémisinine) B / 8 gvs labs

2. Alaxin oral suspension (dihydroartémisinine) FL / 80ml gvs labs

3. Amodiaquine 200mg compressed B / 1000 cipla

4. Amodiaquine 200mg compressed B / 1000 mannesh

5. Arinate 100mg tablet (artésunate) B / 6 dafra Pharma

6. Arinate 50 mg tablet (artésunate) B / 6 dafra Pharma

7. Arsumax 50 mg tablet (artésunate) B / 12 Sanofi - Aventis

8. Artemax 60 mg tablet (dihydroartémisinine) B / 8 g.a Pharmaceuticals

9. Artémédine 40 mg capsule (artemether) B / 12 kunmung

10. Artémédine 50 mg tablet (artemether) B / 12 kunmung

11. Artenam 50 mg tablet (artemether) B / 14 qualifar

12. Artenam 60 mg tablet (artemether) B / 8 qualifar

13. Artésiane 300 mg child powder oral suspension (artemether) FL / 38g dafra Pharma

14. Artésunate 100mg compressed B / 120 dafra Pharma

15. Artésunate 50 mg tablet B / 120 dafra Pharma

16. Artexin 60 mg tablet (dihydroartémisinine) B / 8 bdh industries

17. Camoquin 200mg tablet (amodiaquine) B / 9 Pfizer

18. Camoquin 200mg tablet (amodiaquine) B / 25 blisters / 3 Pfizer

19. Camoquin 200mg tablet (amodiaquine) B / 55 blisters / 9 Pfizer

20. Camoquin 200mg tablet (amodiquine) B / 24 Pfizer

21. Camoquin 600 mg tablet (amodiaquine) B / 3 Pfizer

22. Camoquin oral suspension 50mg / 5ml (amodiaquine) FL / 60ml Pfizer

23. Cotecxin oral suspension (dihydroartémisinine) FL / 80ml cotec

24. Cotecxin 60 mg tablet (dihydroartémisinine) B / 8 cotec

25. Daraprim tablet (pyriméthamine) B / 30 GlaxoSmithKline

26. Falcinil 50mg tablet (artésunate) B / 12 cipla

27. Flavoquine oral suspension 50mg / 5ml (amodiaquine) FL / 90ml Sanofi-Aventis

28. Flavoquine 200mg tablet (amodiaquine) B / 16 Sanofi-Aventis

29. Flavoquine 200mg tablet (amodiaquine) B / 240 Sanofi-Aventis

30. Gunate strong tablet (artésunate) B / 6 gvs labs

31. Tvitter powder oral suspension (artemether) FL / 100ml gvs labs

32. Halfan 250mg tablet (halofantrine) B / 6 GlaxoSmithKline

33. Halfan 250mg tablet (halofantrine) B / 120 GlaxoSmithKline

34. Halfan oral suspension 5mg / 5ml (halofantrine) FL / 45ml GlaxoSmithKline

35. Malartin 200mg tablet (artésunate) B / 6 Tri-health

36. Malartin 50 mg tablet (artésunate) B / 12 Tri-health

37. mmh-malarex 450 mg capsule (peschiara fuchsiaefolia) B / 20 ropack

38. Paludrine 100mg tablet (proguanil) B / 56 Astra Zeneca

39. Plasmotrim 200mg tablet (artésunate) B / 25 blisters / 6 mepha

40. Plasmotrim 200mg tablet (artésunate) B / 6 mepha

41. Plasmotrim 50 mg lactab (artésunate) B / 12 mepha

42. Plasmotrim 50 mg lactab (artésunate) B / 25 blisters / 6 mepha.

You can save your life and that of others by not stocking any drug that contains any of these substances:

Plasmotrin
Artequin
Co-arinate
Arco
Artedar
Artecon
Dialquin.

Thank you to know this information and send also to those around you, it can save lives.
Autos / Re: Pre-0rder Like No Other-Guaranteed Satisfaction Attached VIDEO*Part II by nacaz4real(m): 5:40pm On Jun 18, 2017
Honestly, the quotes and prices are not too different from what you'll get from Apapa. Why would I wait so long to get a car from overseas at the same price that I'll also get here in lagos na. No be say I wan spoil you market o. But I may consider your market if i get a good deal. I'm looking for a good deal on a 09 Toyota Camry sport V6, 09 Toyota Camry XLE V6, 07-09 Lexus Is 350.
Health / Re: Little Girl Takes An Injection From A Nurse And This Happens To Her (Photos) by nacaz4real(m): 11:18am On May 21, 2017
Steven Johnsons Syndrome, It can happen to some people irrespective of age or gender, however most of the cases I have seen in Nigeria are females with a history of allergies (Over Sensitized Immune System). Proper Pharmacovigilance should be carried out, quick recovery to the patient.
Romance / How Much Sex Is Healthy At Each Stage Of Your Relationship, Answered By Experts by nacaz4real(m): 10:56am On May 21, 2017
It’s basically become common knowledge that sex can be an important aspect of a relationship: We use it to bond, to make each other feel good, and to connect with each other physically and mentally.


The amount of sex we are — or aren’t — having with our partner(s) is entirely up to us, but according to sex researcher and therapist Brian Willoughby, Americans can be pretty obsessed with the idea of hitting the “right” number.

“It’s the number one question I’m asked,” Willoughby said. “How often are you supposed to have sex in a healthy marriage? I immediately say you’re thinking about sex wrong — there’s no magic number for any given couple.”

In short: There’s no such thing as a sex quota in your relationship, so don’t stress over the idea of meeting one. However, science tells us that sex frequency does vary over different stages of the average relationship. In 1998, Helen E. Fisher published Human Nature, a groundbreaking paper that studied three major stages of mammal mating patterns: Lust, attraction, and attachment.

According to Fisher, hormones like testosterone and oxytocin flood our brains during the “lust” phase, urging us to “seek a sexual union” with a new partner — and, you know, seek it a lot.

Then, we move into the attraction phase. This phase pops up in long-term relationships, in which we experience romantic love. The study reports that sex is still relatively frequent between couples during this stage, but lacks the urgency of the lust phase.

The “attachment” phase is what most long-term and married couples eventually settle into. We feel compassionate love in this phase, our brains stimulated by vasopressin and oxytocin (sometimes known as “cuddle hormones”) so we can feel security, comfort, and trust. Unsurprisingly, sex frequency between couples can slow during this phase.

But is that bad? It’s definitely not uncommon: According to a study by University of Chicago sociologist Edward Laumann, only five percent of couples have sex four or more times week, and more than one-third of people 18 to 59 do the deed less than once a month.

Matchmaker and Dating Coach Francesca Hogi told HelloGiggles that couples shouldn’t stress over the amount of sex they’re having, no matter their relationship stage, as long as both partners feel content and satisfied.


Googling around for articles like this one, however, might be a sign your needs aren’t being met.

“The frequency of sex can ebb and flow depending on what else is happening in your lives or your bodies. So it’s really hard to say what is healthy. It’s a very personal decision,” Hogi said. “But if you’re questioning if your sex life is healthy, that’s an indication that something isn’t working.”

Hogi suggests open communication with your partner if you aren’t happy with the frequency of sex you’re having. The worst thing you can do, Hogi says, is wait around for your partner to “fix the problem” without communicating that there is one.

“If you’re waiting for the spark to happen outside of yourself, for your partner to initiate it, or for your life to get less busy, you might be waiting a long time. Don’t wait to feel sexy. Make yourself feel sexy. Take action and wait for the inspiration to follow. The more sex you have, the more sex you’ll want to have,” she said.

Hogi urges couples not to get stuck on labels like “healthy” and “normal.” Sex drives and needs differ, and sex is only one form of intimacy. Mutual sexual satisfaction has much less to do with the quantity of sex you’re having than it does with the communication between you and your partner about what you both need.

So go on, get freaky. But only if you feel like it.


http://www.msn.com/en-us/lifestyle/love-sex/this-is-how-much-sex-is-%e2%80%9chealthy%e2%80%9d-at-each-stage-of-your-relationship-according-to-the-experts/ar-BBBf6zn?li=BBnbcA0&ocid=iehp

1 Like

Literature / Re: My Take On Chimamanda "Half Of A Yellow Sun" Does Anyone Feel The Same Way To? by nacaz4real(m): 8:32am On Apr 30, 2017
My dad also lost someone very close to him, a dear friend who had his back like a brother, up till date they don't know whether he died in the war or not, this happened during the Asaba massacre, the Nigerian soldiers were so ruthless on that day. Even though its over 45 years my dad still narrates the ordeal with tears in his eyes. SAY NO TO WAR.
oyalunasamuel:
I hate reading fiction novels because most times the writer toil with the emotions of the reader with suspense, tragedy and grey endings. So my friends got my a Book by Chimamanda, Half of a Yellow sun. Of course before now, i have read several books on the rise and fall of the Biafran State, my favourite was Chinua Achebe "There was a country". For some reasons however, i avoided Half Of A Yellow Sun. until i got it as a gift and I could not close the book until i finished reading it
The author was very cruel, i asked myself if she ever took it into consideration that its humans with emotions who read the book and not robots. Of course i totally understand the tragedy of war stories but this is different.
In the book I shed tears when Kainene brought the news that Ugwu had died. It was much easier for me to deal with it -after all its one of many war sad tragedy tales- until i read the part that he survived and i felt thankful. Other characters that died like Eberechi, Okeoma felt normal to me even if i felt sad what made me really upset was how the book ended without writing what exactly happened to Kainene. I felt she was mean and not fair, at least the novel was filled with so many tragedy, an happy ending would not have been a bad idea or even if Kainene had die everyone would know exactly how the story ended and mourn her death or something. The pictures were so vivid that certain characters remained constant to me and Kainene was just like Olanna, Odenigbo, Richard and Ugwu. I think proper sending has to be written at least to satisfy my curiosity of what ever may have happened to Kainene.
Am aware lots of people got missing during the war in correlation with the vivid picture Chimamanda painted but why Kainene?
Anyway, This is such an evocative and poetic novel. The language, the story, the characters, the setting—this is nearly a perfect novel. I was truly engaged and greatly informed.

3 Likes

Politics / Re: $43million Ikoyigate...Foreigners React! by nacaz4real(m): 9:57am On Apr 18, 2017
Oboy!!! see as maga sara, boys go chop tire, abeg make una pity these oyibos. grin cheesy

4 Likes 1 Share

Investment / Re: The Poison That Is MMM by nacaz4real(m): 2:06am On Jan 28, 2017
The MMM philosophy; this invention has explosive consequence with enough energy to catapult human social behavior into a new era, a new world order; an era where money becomes virtual reality and still it will obey the fundamentals rules of social science, it gives you a sense that true and sustainable communism. Sergei's ideology has come closest to eliminating the bias of social hierarchy ingrained in capitalism. However, just like every good social theory which seeks to eliminate the gap between the rich and poor or the bias of capitalism when put to the test doesn't seem to fair too well just like Marxism.
http:///ideology/ http:///ideology/

hmuhammad:
The Central Bank of Nigeria (CBN) recently warned citizens to beware of trading in virtual currencies such as bitcoin, ripples and litecoin. Its warning was in apparent response to the reappearance of Mavrodi Mondial Moneybox (MMM) Ponzi scheme on January 13, after it abruptly froze its account in December last year.  CBN said, “The attention of the banks and other financial institution is hereby drawn to the above risks and you are required to take the following actions pending substantive regulation or decision by the CBN.  Ensure that you do not use, hold, trade and/or transact in any way in virtual currencies.”

Religious organizations also issued warnings against MMM.  Islamic scholars for example said it is haram.  The Redeemed Christian Church of God also warned its members earlier this month against participating in MMM. RCCG’s General Secretary Pastor Johnson Odesola wrote in a memo, “Please be informed that the doctrine of the church does not support get rich quick schemes, gambling, betting etc in any form.  God is and remains our supplier by the application of biblical principles of working diligently with our hands.” 

Despite these warnings from temporal and spiritual authorities, Nigerian participants in MMM are bent on trying their luck in the get rich quick scheme. When they gain money, they hold that up as a validation of the scheme.  When they lose money, they find neat ways to explain it.  This isn’t unconnected with the fact that MMM employs many ways to explain the dubious Ponzi scheme to the gullible. For example, when it returned to Nigeria, MMM claimed that it would now use bitcoin.  The announcement was a clever tactic to piggyback on the rising profile of bitcoin, a virtual currency that was hitherto more popular among online pirates. But their main marketing technique is to get the participants - their victims - to take ownership of the scheme and sell it to more prospects with similar greed and emotional composition.  It is the reason why they give extra points to members who create testimonial videos.

However, Nigerians may pay attention if they know the background of MMM’s founder, no matter their gullibility, appetite for quick cash or uncritical mindset. Sergey Panteleevich Mavrodi is a Russian criminal.  Born in 1955, Mavrodi first established MMM series of pyramid schemes in 1989.  Later, he became a fugitive and was finally convicted in 2007 by a Russian court for defrauding 10,000 people of 4.3 million dollars.  The court sentenced him to four and a half years in penal colony and fined him 10,000 rubles ($390).

Mavrodi’s term in prison didn’t reform him as he returned in 2011 with another version of the pyramid scheme called MMM-2011.  But he is wiser now; as pyramid schemes aren’t illegal under Russian law, he was more truthful.  He declared that, “It is a naked scheme, nothing more ... People interact with each other and give each other money. For no reason!” Yet, a little over a year later, he froze the account and announced that there would be no more payouts! That didn’t stop him from branching into India, China and in September 2015, he forayed into South Africa where he promised 1% interest every day or 30% per month. In 2016, he opened shop in Zimbabwe and etched his footprints in Nigeria, sweeping his roving hands across the bank accounts of greedy Nigerians.

It would appear CBN is struggling to find the appropriate laws to use in declaring the scheme illegal and to also use for possible prosecution of the promoters. This is exactly the position the United States found itself in when Mavrodi ran Stock Generation in that country from 1998 to 2000. First, a district court found that U.S. Securities and Exchange Commission couldn’t establish that SG committed any securities violations. But in 2001, the United States Court of Appeals reversed that decision and in 2003, SEC obtained a permanent injunction against Stock Generation. Nigerian authorities should copy this example. Some Nigerians must be protected from themselves.

Cc; lalasticlala mynd44

http://www.dailytrust.com.ng/news/editorial/the-poison-that-is-mmm/182789.html
Politics / Re: 2002 Ikeja Cantonment Bomb Blast: 15 Years After (Throwback Photos) by nacaz4real(m): 11:36pm On Jan 27, 2017
Oga!!! so as at 2002 your school library get internet, abeg which school be that?!! shocked
shinarambo1:
just like yesterday. I was at OAU and there were rumors about lagos being attacked. Not until we accessed CNN via our department's internet cafe that we got the real news of what was happening.

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