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Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ - Investment (4) - Nairaland

Nairaland ForumNairaland GeneralInvestmentNigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ (31243 Views)

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Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by erumena(m): 9:57am On Jul 08
God1000:
Who are the people behind this please, we can't continue to keep quiet, does it mean the government didn't know about their activities all this time
Government keep telling people not to engage in Ponzi scheme, yet they fail to listen.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Beautifulday: 9:58am On Jul 08
LordLicifer:
Okay, i can keep explaining go and complain to the police let's see what happens . grin they are part of the govament. Good luck
Did you ever think a drug lord will engage clean people?

Look at the case of Gbaja.

Everyone in this government is robbing the citizens with any skill they have.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by razzydoo(m): 9:58am On Jul 08
Them dey underrate man, they dunno nothing...😂😂
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Usmanovic95(m): 10:01am On Jul 08
Hungrychicken:
It’s the government’s fault 💯
If it was a functioning system, the people wouldn’t be search for illogical ways to make money and survive another day.

You can’t find the rich government folks falling for these type of scams, why is that?
I agree with you to certain extent but not totally. The money alot of these gullible folks invest in all these ponzi scheme could have been better utilize to do something productive.And the rich also fall for these scheme as well, I know a lot of rich folks that invested heavily on cbex thinking it was a legit investment. The primary cause of people falling for these schemes is greed and lack of contentment,every other cause is secondary.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Mandem05: 10:02am On Jul 08
God1000:
Who are the people behind this please, we can't continue to keep quiet, does it mean the government didn't know about their activities all this time
Nigerians that fell mugu are also criminals, so equation balance. CBN has warned the general public about companies like this severally but as usual fly wey wan follow dead bodi enter grave nor dey hear word!!
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by nnamdi640: 10:02am On Jul 08
Gkay1:
God created heartless people for the sake of greedy and selfish people.
Don't pity them
No let people doing Noble Mary come for your head, some of them are even claiming that it is God send
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Mandem05: 10:04am On Jul 08
Kaptainkoko:
What do you want government to do about it ?
That's the major problem about us, we will never take responsibility for our stupid actions but always blame others for it.
I have people close to me like 5 doing this scheme, they knew it's going to crash, but a typical Nigerian mindset is, "before e go happens I for don escape" we always believe we are smarter than everyone or better put "na me carry better grace pass"

Na greed go kee us all.
Gbam!!
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Beautifulday: 10:04am On Jul 08
Usmanovic95:
I agree with you to certain extent but not totally. The money alot of these gullible folks invest in all these ponzi scheme could have been better utilize to do something productive.And the rich also fall for these scheme as well, I know a lot of rich folks that invested heavily on cbex thinking it was a legit investment. The primary cause of people falling for these schemes is greed and lack of contentment,every other cause is secondary.
Greed and lack of contentment is the sole reason government was form in the first place.

Before government, the strong always that anything from anyone. Government stopped that.

If government can't stop scammers and killers it has failed.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by adams123: 10:04am On Jul 08
richeeyo:
Nigerians are one of the most stupid people on earth yet they claim smart
How many tines would this happen
From mmm
Cbex and many more
Scammers plenty pass normal people in Nigeria
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Mandem05: 10:05am On Jul 08
Richtaiwo:
As long as people keep chasing shortcuts instead of earning an honest living, scams will never run out of customers. Swindling someone who works hard for a living is no easy task, but those obsessed with free money make the fraudsters' job effortless. Stay away from betting and every other get-rich-quick fantasy. Nothing is free, not even in heaven.
Gbam!!
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Beautifulday: 10:06am On Jul 08
Mandem05:
Nigerians that fell mugu are also criminals, so equation balance. CBN has warned the general public about companies like this severally but as usual fly wey wan follow dead bodi enter grave nor dey hear word!!
It's like the village heads warning villagers about a criminal and doing nothing to apprehend him.

CBN knows these people
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Mandem05: 10:08am On Jul 08
Hungrychicken:
It’s the government’s fault 💯
If it was a functioning system, the people wouldn’t be search for illogical ways to make money and survive another day.

You can’t find the rich government folks falling for these type of scams, why is that?
The government is not to blame for people willing to take short cuts to attain wealth.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Oisagbai78: 10:08am On Jul 08
Inside this Ponzi Scheme and betting, which is the worst? Well, I have never engaged in this Ponzi Scheme before, but I would rather continue playing bet9ja than engage in this stupid things!
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by enemachris(m): 10:09am On Jul 08
That's the consequences for being greedy, I don't pity for any of them.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Beautifulday: 10:09am On Jul 08
Gotocourt:
You will withdraw to stash then finally to bank account.
Not even during withdrawal. There is no online banking that doesn't link your offline data except crypto is slim cases.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Beautifulday: 10:10am On Jul 08
Mandem05:
The government is not to blame for people willing to take short cuts to attain wealth.
Then we have no need for government. Short cuts to wealth that is fraudulent is a crime anywhere
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Mandem05: 10:11am On Jul 08
Beautifulday:
It's like the village heads warning villagers about a criminal and doing nothing to apprehend him.

CBN knows these people
I agree with you that something needs to be done about it by the authorities but also check am na! If greedy people nor dey readily available to invest in ponzi schemes the "industry will die a natural death in Nigeria. Greedy Nigerians keep feeding the ponzi scheme industry so food dey for them.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Gkay1(m): 10:11am On Jul 08
nnamdi640:
No let people doing Noble Mary come for your head, some of them are even claiming that it is God send
Dere eyes go clear soon
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Chydon888: 10:12am On Jul 08
Good morning Boss. Please, this Stanbic IBTC asset management, how does it work, and how can one go about it??
Gotocourt:
I learnt my lessons from MMM, TWINKERS.

nothing concern me with fast money.
I invest direct with Stanbic IBTC asset management, cowrywise.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by LIVINGICONREBOR: 10:15am On Jul 08
Nah person wey don chop belleful dey engage in Ponzi. Too much money dey dis economy nah why dis things dey occur.

uyi and I go soon develop our Ponzi scheme.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by LordLicifer(m): 10:15am On Jul 08
Hungrychicken:
Yes there’s emergency money problems. Everyone gets one at different times in life, a period where you're stuck with no where to turn and you need money to solve a problem.

I had one recently, where I had a screen problem and no immediate cash on me until the month end. I took a loan, guess what, the interest on this loan is now twice the usual rate. I'm still mad about it, I should have waited until then month end, and save myself the high interest rate. Thats why people find other ways of sourcing emergency funds, not necessarily greed.


Not every one with money problems are penniless some, dont have enough at that time to solve the problem. So, finding ways to make up the deficit makes sense
Welll.. yes, maybe...


Good decision! You see? You went and borrowed. But you could have waited until you can afford it. But all the same you borrowed as i already susggested in my previous comment. You didn't go and invest in a ponzi expecting free money from them, where were the ponzi going to get double money to give you back?


Yes, that is true! finding legitimate ways like again, borrowing or woking more or asking family members not invest in some ponzi
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Hungrychicken(m): 10:16am On Jul 08
Mandem05:
The government is not to blame for people willing to take short cuts to attain wealth.
They have all the blames especially in place as Nigeria where poverty is prevalent making people easily influenced based on how much you can give to them.

For instance, people choosing to collect as low as 5k bribes from these government to sell their votes rather than voting out of their own freedom. So, the government is at fault for making the people very poor they'd sell their dignity for small cash
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Hungrychicken(m): 10:18am On Jul 08
LordLicifer:
Welll.. yes, maybe...


Good decision! You see? You went and borrowed. But you could have waited until you can afford it. But all the same you borrowed as i already susggested in my previous comment. You didn't go and invest in a ponzi expecting free money from them, where were the ponzi going to get double money to give you back?


Yes, that is true! finding legitimate ways like again, borrowing or woking more or asking family members not invest in some ponzi
But, people invest in crypto, stocks and other assets are not greedy for wanting to double their wealth?

Borrowing from loan sharks is another quick sand people dont talk about. These apps are more risky than they look. They give you outrageous interest that you cannot pay, while still adding more interest for each day you default
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by LordLicifer(m): 10:19am On Jul 08
Beautifulday:
Did you ever think a drug lord will engage clean people?

Look at the case of Gbaja.

Everyone in this government is robbing the citizens with any skill they have.
I don't know! we are not talking about that are we?

Yes, the govament may be corrupt but this NRC issues is not govament problem or fault. Any decision a citizen makes with their own money is not govament problem. Everything is not the fault of the govament.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Omalicious1: 10:21am On Jul 08
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by correctguy101(m): 10:23am On Jul 08
By the dead gods, this ancestor once mentioned I warned a female friend about this dubious investment scheme on here... As e come happen now, the crafty scheme has proven me right. Lemme go call her to know if she ignored my advice.

These things don't even need anyone's reminder before a sensitive person would know it's all bogus nonsense..
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by LordLicifer(m): 10:24am On Jul 08
Hungrychicken:
But, people invest in crypto, stocks and other assets are not greedy for wanting to expand their wealth?
Yes, you are right they can and they could lose their money too especially in buying stocks, just like people who invested in NRC lost now. It's business! Not that they have "emrgency money problem" like you suggested earlier.

You are arguing against yourself grin you are agreeing with everything i have said.
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by abidem4real: 10:29am On Jul 08
nlfpmod:
https://tribuneonlineng.com/i-did-it-with-borrowed-money-reactions-as-another-ponzi-scheme-nrc-crashes/
U never suffer and u dey talk say u wise, who be your teacher.
I don't just know when these gullible Nigerians would be wise inspite of the horrible experiences emanated from the past - MMM, CEBEX and the likes!
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Omenapounds: 10:31am On Jul 08
nnamdi640:
No let people doing Noble Mary come for your head, some of them are even claiming that it is God send
Which one be Noble Mary again na🤣
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by delzbaba(m): 10:31am On Jul 08
Only greedy and stupid people fall for this
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by Ebukanwunne: 10:32am On Jul 08
Seriously! someone had been seriously persuading me to join. He wanted me to register, but I refused. He tried to explained everything, but I asked him to stop which he did[color=#990000][/color]
Re: Nigerians React As NRC Ponzi Scheme Crashes! ‘I Did It With Borrowed Money’ by LordLicifer(m): 10:33am On Jul 08
Beautifulday:
Who said you should restrict them? Once the accounts for the scheme start getting massive inflow. CBN supposed to have limited the accounts. Get those operating it questioned.

Federal government has consistently said ponzy scheme is not supported by our laws.
Well.. you want the govament to protect it's people right? cheesy

Really? CBN limit the accounts? And stop people from doing business? Or question businesses who pays their taxes? Would you accept that if you own a company? And oh! You suggested limit the accounts well.. that is a form of restriction which i mentioned and you disagreed grin are you arguing against yourself?



No one knew it was a Ponzy did they? Until now! Are you suggesting the govament knew? cheesy if people knew it was a ponzy we wouldn't be talking about it now.
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