mamaafrik:
Can Central Bank set up a Forex investment platform under themselve and assist people in earning and encourage Nigerians to save more,it could be 8-10 percent return per month instead of these unknown gun forex-criminals.

Cbn knows how risky forex trading is and will never set up such investment ...

The ones that are not risky eg treasury bills, bond are there for you to put your money but everyone feels that the profit on those are too small

Online thieves should be jailed for 35 years if found guilty.

temitope27:
u can't blame them much, abi no people they always they talk say, try and invest, and they are trying to invest nw

Saving and Investing are the best and proven ways to treat money...

However, investing should never be in ignorance! Invest solely and strictly in what you are thoroughly knowledgeable about. Even then, invest solely what you can afford to lose...

When you see/hear stuff like " I am calling from bank ABC Plc head office and I need the number at the back of your ATM card" or " invest some amount and you'd get 20%, 30%, or 50% every month" and you still go ahead and cooperate blame yourself not your ancestors or spiritual forces. Antics of fraudsters is a common knowledge

mamaafrik:
Can Central Bank set up a Forex investment platform under themselve and assist people in earning and encourage Nigerians to save more,it could be 8-10 percent return per month instead of these unknown gun forex-criminals.

M36 does this but I am yet to invest … most banks also have this as well check them out on their site like Standard Chartered, Access , Zenith Bank and Stanbic I know Mint aka Mynt also has investment options for return they pay it back when it’s due 8% or 9% long term I did 90 days

Very fraudulent people.... Very terrible folks...


Why are we like this

Seeking 20% ROI per month from the financial markets is ridiculous.

It's better to endure the emotional rollercoaster of mastering the financial markets myself than lose my money to any trader or investor without a proven track record of success.

Mastering the financial markets takes time, discipline and skill and it's worth the effort. But very few people want to put in the effort.

Any investment that offers a high return in a very short period of time is most likely a scam.

The simplest way to invest in the financial markets is to invest in an ETF like the Vanguard S&P 500 ETF which gives an average return of 10% on investment annually. It's better than giving your hard-earned cash to wolves!

HazzanTazzan:


Leave track record alone ...

Any forex investment company is bound to fail just like all these ones we’ve heard of...

A lot of them with good track records have failed ... the market isn’t that predictable as many things can change the course of price movement abruptly...

He didn’t fail them chop your money go use your money pay older investors but when the bottom of the pyramid fails to come in it fails

Get an investigator to Check if he is MMM

feedthenation:
---real yahoo guy--- scamming people with English words---no where in the economic climate will there be 20% return on investment---

Even 10% is suspicious and kinda far fetched!... Greed will kill most Nigerians!

Orlaoluwayimika:
Una no go eva learn.

You said it all. Dem no go ever learn

HazzanTazzan:
People will never learn... both the so called forex traders and the investors ...

Forex trading isn’t meant for you to collect money from people as investment and use it to trade... it never ends well...

Just teach people how to trade, sell courses, trade with your own money and live peacefully ...

That’s the only way but greed won’t let either of them learn

The bold part... Precisely what I keep saying!!!

Nigerians want to make millions without putting in the time, patience, work, study, and passion... That's why we now have a society where crime thrives.

Adebeeyi:


https://fij.ng/article/mayowa-olukehinde-of-breach-menders-collected-n50m-from-investors-now-hes-unreachable/

Its quite unfortunate that I'm seeing this face here with this kind of post. He is someone i know from childhood when he was still small. How he turned to this is what I don't know. His dad is a responsible person and mum too. He was not trained this way. He just got married of recent. I will send this post to his dad right away.

HazzanTazzan:


Cbn knows how risky forex trading is and will never set up such investment ...

The ones that are not risky eg treasury bills, bond are there for you to put your money but everyone feels that the profit on those are too small

Unfortunately, our investment mindsets revolve round "hammer" mentality hence, we readily fall preys to the antics of these unscrupulous elements in the society.

Gospel yahoo.

franchasng:
Nigeria is a fertile soil for Ponzi business. Maybe its time I launch mine and cash out like others before it becomes obsolete, and before my Burundi visa expires

True. You will make more when you work in conjunction with one pastor and some elders. The pastor will explain to his sheep that he too has invested. When you cash out you split the profit with the pastor. He can explain to the sheep that you also ran away with his money.

Agbegbaorogboye:
Most of you insulting the investors will fall for the same if in their shoes.
Except if you're too broke to invest in anything in the first place

Keep quiet.

Every body is not a dumb investor.

omoadeleye:
Same format they all have...

And for the owner of Whales Kingdom Capital,

I pray that where he is right now, he will either be killed by a stray bullet or by a hit and run driver.

And his parents shall be in pains and sorrow, they shall no know peace.

Cause, they participated in the scheme, he used his parents account to launder the money.

I wish guns were legally permitted to be used in Nigeria, if not, that Daniel Tobiloba would have been an history.


But all the same, i wish him nothing but bad luck in his endeavours.

E be like sayyour money follow enter the scheme

NairalandAngel:
That's the same way that bastard Azeez with Nairaland monikers Hennycool, Melizbode and Foods360 disappeared after collecting 8 million from investors in 2019 for financing a business transaction of Melizbode Global Ventures.

For the attention of the general public the individual referenced above has gone on to form another company (360 Foods NG) and is going about soliciting for investment funds from unsuspecting members of the public

Report them and do a newspaper publication if possible.

Jaqenhghar:

True. You will make more when you work in conjunction with one pastor and some elders. The pastor will explain to his sheep that he too has invested. When you cash out you split the profit with the pastor. He can explain to the sheep that you also ran away with his money.

my hand no de for that one oh


Anything that desecrates the house of God, the Church of Christ, bro count me out oh.


I prefer doing it alone and once I cash out, I locate the nearest route to my Burundi

Excerpt he is holding all his money in a bag on his back, the police should just do their job and arrest him.

I know for a fact that the current mentality among Nigerians is that join Ponzi early and you'll be rich. So everyone peddles the Ponzi like it started last week this is the time to join. Many will still fall victim 10 years to come.

wink2015:
MMM that scam millions of Nigerian

Some Nigerian have still not learnt any lesson with ponzi scheme.

I remember when MMM was @ its peak. It had already crashed in Zimbabwe and SA, word was out that people should stop but some monkeys on this forum were boasting about how christmas was going to be good, and that we were haters blah blah blah.

solasoulmusic:


M36 does this but I am yet to invest … most banks also have this as well check them out on their site like Standard Chartered, Access , Zenith Bank and Stanbic I know Mint aka Mynt also has investment options for return they pay it back when it’s due 8% or 9% long term I did 90 days

thanks

Ofunaofu:
It's a dog eat dog society we got here


Every one is all out to swindle

That's why people need to be more careful but no way. They will rather persist in their foolishness

HazzanTazzan:


Cbn knows how risky forex trading is and will never set up such investment ...

The ones that are not risky eg treasury bills, bond are there for you to put your money but everyone feels that the profit on those are too small

thanks for your input

adonainana:


There are treasury bonds, bank individual bonds, treasury bills, stocks, government bonds the list is endless. The only difference is in the legal contemporary world either in Nigeria and abroad there is nothing like 10 percent monthly interest, no stock or business can appreciate by 10 percent every month

So this is why these Ponzi schemes are attractive to people cos they claim to offer something entirely different

thanks

ssogundele:
Nigerian with this quick ROI syndrome! 20% ROI on a monthly basis is a red flag to intelligent guys!

When you start probing them about what kind of business will yield such, they start becoming vague. If you persist, they take offence and starttrying to point out how being careful is dumb

okaforlazarus90:
I give up on Nigerians

temitope27:
But when you see this people on the street, you won't know they are Yahoo boys too

They plenty for Ikeja-Egbeda axis

Nackzy:
This people should be sent to jail to chill forever

The people investing with them should rather, be jailed. Kilode gaaan

franchasng:
my hand no de for that one oh


Anything that desecrates the house of God, the Church of Christ, bro count me out oh.


I prefer doing it alone and once I cash out, I locate the nearest route to my Burundi

LMAO. The house of God has been desecrated long time ago. Any pastor that agrees to your scheme was never a man of God to begin with therefore his church was never of christ. No fear my guy

You should have known from the name "olukehinde". There is no name like that I'm Yoruba land. Kehinde is kehinde and not oluwakehinde.

When we go learn say street no dey smile again ?