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'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" - Business (3) - Nairaland

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Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by skywalker240(m): 10:50am On Nov 01, 2016
thunder fire CBN and the stupid government angry


What have you done to better the life of the masses in this recession time angry

13 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Barywhyte(m): 10:51am On Nov 01, 2016
munas:


If you have a business,face it and leave MMM...its pure a pyramid scheme.
Thats why they give all sorts of incentives for people to bring in new memebers.
The live blood of MMM is new members...the day new people providing help is far less than the people requesting help,that is when it will collapse


and when will that time come o Oga? As long as pple to give in to rumors and threats and fear like this, mmm will stay for a long time. This is my third moni since I began August and I got it this morning. just this morning

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by persius555(m): 10:52am On Nov 01, 2016
Nigerians enjoy schemes that look like scam. By the way, CBN should mind their biz.

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by nwajesus12(m): 10:52am On Nov 01, 2016
[quote author=winkmart post=50675250][/quote]and who told u that old members ain't providing help..my people perish due to lack of knowledge.

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 10:52am On Nov 01, 2016
coollabman:


Yes! the CBN is a reputable government agency!



you'd be surprised the kind of power at the disposal of the government. they can go as far as making the MMM website inaccessible in Nigeria (since they have no physical address). Something similar was done in China!



Common be real! How and when has the Nigerian government scammed you?! MMM is still in its nascent stage (barely one year) in Nigeria! It will eventually grow so big and will burst like a bubble! dragging all of you hooked up to the system down the drain. That's why a ponzi scheme (that has a pyramid structure embedded in it) is dangerous. A few people make money and it appears to be legitimate for a while. Eventually more unsuspecting people join and it grows to a stage where it collapses. Causing those that join late in the lifespan of the scheme to loose money! that's why its a scam! MMM is a scam!

You've said it all
You're damn right
Besides, I don't see this as a legal means of making money (as a Muslim)
#StayBlessed
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by mular(m): 10:53am On Nov 01, 2016
And i just got help yesterday ,i want to provide help of 500000 this week,way is this CBM spoiling this fun cry
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Barywhyte(m): 10:53am On Nov 01, 2016
skywalker240:
thunder fire CBN and the stupid government angry



What have you done to better the life of the masses in this recession time angry

No b only thunder, make sango and ayelala join give resounding slap to that ignoramus woman

2 Likes 1 Share

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Opynion: 10:53am On Nov 01, 2016
haibe:
sure u will keep on making money as long as there are new investors but once investments cease, the scheme will crash. Usually its the latter investors than suffer this, so if u are just starting MMM, u are at a higher risk .

that was what they told me that make me to hesitate till month of may. Infact i wish i join this scam since January.



abeg make una stop to the take panadol for our headache na.

Na una MONEY?

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by ibrutex(m): 10:54am On Nov 01, 2016
Who is scamming who?

MMM or Nigerian government .....I dey laff in Swahili embarassed

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Akinwerndey: 10:54am On Nov 01, 2016
If U say MMM will fail it like saying bitcoin will fail... CBN is only trying to continue the mass exploitation of peoples wealth.

4 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 10:55am On Nov 01, 2016
Nellybii:


Yes ooo Portharcourt 1991/92 .Umana Umana
Now renamed MMM. Lol

The painful part is those that will resort to lying and cheating to fund MMM

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by vickylala239: 10:55am On Nov 01, 2016
coollabman:



I can't believe someone will type this rubbish on a public forum! You mean that after being warned about the dangers of something by a government official from a reputable government agency you still ask such stu.pid questions?! Now imagine if NAFDAC warns Nigerians about a particular product and tells them to desist from buying/consuming it, is it wise to ask NAFDAC is it their money? is it their own life at risk? imagine the nonsense! angry angry better heed the warning and stop fooling yourself.
There's no quick and easy way to make money #Word.


You say this to Ppl who keep getting their money....

You guys Dnt really understand What is going on....

If mmm scam so will Nigerian end...

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nellybii: 10:56am On Nov 01, 2016
unclezuma:
grin grin grin grin


It starts sweet...



And ends...




Yes ooo Portharcourt 1991/92 .Umana Umana I was serving then. They called it "resources managers" It consumed everyone. The rich, the poor, the educated and illiterate. Even bankers. 100% profit in a month was too attractive.
There was gnashing of teeth and weeping when the system collapsed. This MMM will collapse faster because of social media and information technology.
Maximum in a few months. Nigerians will never learn.
Nigerians will never learn.

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 10:56am On Nov 01, 2016
munas:


lol...umana umana ws in PH...
It later came as plan well in benin and warri.

Later reappeared in ibadan as nospetus and the rest

Later reappeared in ughelli as forex traders

Now it has gone naation wide as MMM and many other off shoots are coming up

You land well...
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by bigerboy200: 10:56am On Nov 01, 2016
MMM is a big scam..Just make your findings before u put your hard earned money into the scheme...
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by gentleman100(m): 10:56am On Nov 01, 2016
nony43:
CBN is it your money? Is it your risk? Shebi na my money and risk, Abeg I was once criticizing mmm but now I am regretting not starting early, people b calling mmm a scam while our money grows like grass by the way I am ghing today
God bless your mummy Jare. Awon were.

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Sj11: 10:57am On Nov 01, 2016
I'm still laughing..you invest your money to someone you are not seeing or know their office..i can send you so many people's information with their id and password here in South Africa for your to see that the didn't pay them...so many people took bank loans to invest on this MMM without getting back the money till date....IF you have any body living here South Africa just ask them about those crooks you call MMM...I see so many committing suicide on this harsh time in Nigeria ....for your own good just request for what ever you have made now and leave

4 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by skywalker240(m): 10:57am On Nov 01, 2016
coollabman:



I can't believe someone will type this rubbish on a public forum! You mean that after being warned about the dangers of something by a government official from a reputable government agency you still ask such stu.pid questions?! Now imagine if NAFDAC warns Nigerians about a particular product and tells them to desist from buying/consuming it, is it wise to ask NAFDAC is it their money? is it their own life at risk? imagine the nonsense! angry angry better heed the warning and stop fooling yourself.
There's no quick and easy way to make money #Word.
Reputable government agency my ass

What has it done to better the life of Nigerians, urself included

4 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Bmcc(m): 10:57am On Nov 01, 2016
CBN should go and site down. when my Starcomm shares disappear they did nothing when my folks lost money in savana Bank they did nothing. abeg make dem park well joor.

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 10:57am On Nov 01, 2016
Nellybii:


Yes ooo Portharcourt 1991/92 .Umana Umana I was serving then. They called it "resources managers" It consumed everyone. The rich, the poor, the educated and illiterate. Even bankers. 100% profit in a month was too attractive.
There was gnashing of teeth and weeping when the system collapsed. This MMM will collapse faster because of social media and information technology.
Maximum in a few months. Nigerians will never learn.
Nigerians will never learn.

The suffer don make them enter Odeshi mode...The exploitation came at the right time.

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by valuedammy(m): 10:58am On Nov 01, 2016
Even Nigerian government have been scamming the people since 1960, so let MMM do theirs too.

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by johnaruson(m): 10:58am On Nov 01, 2016
MMM is better than CBN policies. Nigeria is a mess

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Jethrolite(m): 11:00am On Nov 01, 2016
Korrection:
I dont know why my mind is telling me that this MMM is a pyramid scheme....scam...I have been cajoled by friends severally to invest but my inner spirit is saying dont do it...I think i will have to stick to my mind and face my car and poultry business...
Register under me and I will show you a way where your money will only be gone for less than a week. If interested PM me, use a large sum and get out with your money, then you can use only part of your profit to continue the program. I will ensure you do not lose a dime. I have downlines who are providing help of almost 3 million naira. You can feel safe with me. MMM will certainly not last for ever but make what you can from it because when it eventually crumbles you will feel you were right but people made money to build houses, buy cars, pay house rent and so many more while you were waiting for the day it will collapse.

Please if you won't PH up to a million naira, there's no need to reach me. This is serious business.
Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by frankanyiks(m): 11:00am On Nov 01, 2016
coollabman:



I can't believe someone will type this rubbish on a public forum! You mean that after being warned about the dangers of something by a government official from a reputable government agency you still ask such stu.pid questions?! Now imagine if NAFDAC warns Nigerians about a particular product and tells them to desist from buying/consuming it, is it wise to ask NAFDAC is it their money? is it their own life at risk? imagine the nonsense! angry angry better heed the warning and stop fooling yourself.
There's no quick and easy way to make money #Word.
...Thunder fire you and Nigeria

10 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by skywalker240(m): 11:00am On Nov 01, 2016
Nellybii:


Yes ooo Portharcourt 1991/92 .Umana Umana I was serving then. They called it "resources managers" It consumed everyone. The rich, the poor, the educated and illiterate. Even bankers. 100% profit in a month was too attractive.
There was gnashing of teeth and weeping when the system collapsed. This MMM will collapse faster because of social media and information technology.
Maximum in a few months. Nigerians will never learn.
Nigerians will never learn.
Just like they never learned in 1985 and voted Buhari back grin

1 Like

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Nobody: 11:01am On Nov 01, 2016
haibe:
sure u will keep on making money as long as there are new investors but once investments cease, the scheme will crash. Usually its the latter investors than suffer this, so if u are just starting MMM, u are at a higher risk .
Did your govt stop the Stock Exchange from crashing. What have they done about the economy that's crashing and investors that are leaving. Dude, your mates are leaving you behind. Stop and think. If MMM were paying tax yo the govt, do u think they'll be warning u not to join?

3 Likes

Re: 'MMM Is A Fraudulent Scheme' - CBN Warns Nigerians, Calls It "Wonder Bank" by Tellemall: 11:02am On Nov 01, 2016
[quote author=coollabman post=50672928]
Yes! the CBN is a reputable government agency!



you'd be surprised the kind of power at the disposal of the government. they can go as far as making the MMM website inaccessible in Nigeria (since they have no physical address). Something similar was done in China!



Common be real! How and when has the Nigerian government scammed you?! MMM is still in its nascent stage (barely one year) in Nigeria! It will eventually grow so big and will burst like a bubble! dragging all of you hooked up to the system down the drain. That's why a ponzi scheme (that has a pyramid structure embedded in it) is dangerous. A few people make money and it appears to be legitimate for a while. Eventually more unsuspecting people join and it grows to a stage where it collapses. Causing those that join late in the lifespan of the scheme to loose money! that's why its a scam! MMM is a scam![/quote/]

Ponzi schemes are always glittery.

This particular one depends on the gullibility of people to keep joining. It robs Jack to pay Jill. The moment nobody else is willing to take a risk, or is somehow satisfied with their returns and refuses to credit another person's account, the pack of cards will crumble.

What people don't know is that it tends to affect all those who join late. They haven't asked where the 30% Comes from. Because it doesn't come from any legitimate source. It doesn't even have an office. It works by people's greed being sated.Your chances of being paid are magnified only when people are gullibly joining. Once nobody joins you count your losses and move on, if you can.

Woe betide the ones who join late.

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