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Arrest MMM Promoters - House Of Reps To EFCC - Business (20) - Nairaland

Nairaland ForumNairaland GeneralBusinessArrest MMM Promoters - House Of Reps To EFCC (121406 Views)

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Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 10:42am On Nov 10, 2016
Jamiati:
Cursing govt is not the solution, they have the power to ban it and there's nothing anyone can do. Even heard MMM was banned in China.
Not only in China, but in South Africa, Tanzania even in Russia the said origin of MMM
Bros, I just got paid.
Re: Arrest MMM Promoters - House Of Reps To EFCC by Atk1nson(m): 11:01am On Nov 10, 2016
Kingingdave:
I thought the website is not for Nigeria only. Its a global thing so how can they shut it?
They can block traffic from Nigeria to the website
Re: Arrest MMM Promoters - House Of Reps To EFCC by akinsmyk(m): 11:06am On Nov 10, 2016
gurunlocker:
Yes, they might not have physical office. But I'm sure you understand how internet works?... They only have to shut down their website and voila, all money gone!!!

All this MMM agents should stop quoting me, I don't reply anyhow quote. Keep investing your money, I hope you are happy now!!!!
All what you guys are saying might be true but there is a major truth you guys are missing. How does MMM shutting down its internet means they are going with your money? Remember, no one pays MMM, you only pay your fellow Nigerian. The money you invested will be taken as help by another Nigerian who is a participant like you. MMM has no account where people put their money. Its from you to the account of the person you're rendering help to. If MMM crashes today, your money might only hang with a fellow Citizen. MMM has nothing to gain and nothing to loose. The traffic they generate from their website is enough money for them. You should think again
Re: Arrest MMM Promoters - House Of Reps To EFCC by akinsmyk(m): 11:10am On Nov 10, 2016
Atk1nson:
They can block traffic from Nigeria to the website
And you think Nigeria is that sophisticated? Nigeria will not do a thing they won't gain a thing from
Re: Arrest MMM Promoters - House Of Reps To EFCC by Ugmama(m): 11:12am On Nov 10, 2016
paulostical2004:
Requested for help this morning and just got paid 134,000 plus bonuses for an initial help of 100,000. To my so-called friends that didnt not introduced MMM to me before now, I commits everything to the hands of God. Long live MMM
Big ups bro, we will never break this bond!!?

long live MMM world wide
Re: Arrest MMM Promoters - House Of Reps To EFCC by Ugmama(m): 11:14am On Nov 10, 2016
olanreyman:
Givers forum kor... Borrowers forum ni... If govt ban mmm wetin givers forum carry for head wey dem no go ban am... The truest of the truth is that govt can never ban or shut down mmm.. . Highest is for them to create panic for people to abstain from it which will eventually make the system collapse (God forbid) .
Seconded bro!!!!!
Re: Arrest MMM Promoters - House Of Reps To EFCC by olanreyman(m): 11:19am On Nov 10, 2016
Ugmama:
Seconded bro!!!!!
Bro like seriously if I just get one missile I go just target wen those stupid idiotas dey do meeting and bomb their ass.. .
Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 11:27am On Nov 10, 2016
Ugmama:
Big ups bro, we will never break this bond!!?

long live MMM world wide
Bros, the interesting thing is that it wast up to the 30 days maturity timeline (just 25 days) before I asked for help. May God continues to bless creators of MMM. I am definitely in this MMM business for real, irrespective of whatever anyone says. For those criticizing MMM, keep up the ignorance. Like the bible says 'My people perish for lack of knowledge'. It seems to me that some of us are not just born poor' but have been pronounced to remain poor to death by some unseen evil forces.
Re: Arrest MMM Promoters - House Of Reps To EFCC by justmenoni: 11:31am On Nov 10, 2016
Nairaland and it's mods are really superb and I think the Federal government should also look into nairaland's activity in regards to the support MMM is getting from the operators and mods of NAIRALAND.

Someone was promoting the MMM scheme and I told him to stop bombarding every thread with the advertisement for such and voila he reported me to the mods and I was banned for weeks and I kept on seeing different posts and thread encouraging such scheme...

I know some large proportions of Nigerians are gullible but are they so gullible to forget Nospecto, Sefteg etc? where alot of investors didn't just loose their money but their lives.

to all of you shouting and screaming it's your money and the reps are bad, they don't want you to be wealthy like them bla bla bla... one thing I'm sure of is that majority of you are paid agents of MMM and just looking at attracting gullible Nigerians to invest more into such scheme.


Simple question: can anyone of you agents of MMM tell us which investment MMM does with the money, oh one of you even said it's like a social network where you help and get help, how does that sound sensible to you?

Mods, i beg if una like ban me ooo, but by God's grace, i will still be here looking out and laughing out loud when the irresistible crash of MMM happens and no one should blame Buhari or any other government official for failing to prevent it.
Re: Arrest MMM Promoters - House Of Reps To EFCC by Gabbyraze(m): 11:33am On Nov 10, 2016
dguyindcorner:

Bros sorry o. But your comment is the dumbest so far..
Yea well,we have a right to air our opinions,don't we? It could b d dumbest,doesn't mean its wrong. Anyways I wont trade words with u
Re: Arrest MMM Promoters - House Of Reps To EFCC by Atk1nson(m): 11:37am On Nov 10, 2016
akinsmyk:
And you think Nigeria is that sophisticated? Nigeria will not do a thing they won't gain a thing from
All they need to do is instruct the ISPs in Nigeria to block access to it, not a big deal but hopefully it won't come to that
Re: Arrest MMM Promoters - House Of Reps To EFCC by olanreyman(m): 11:40am On Nov 10, 2016
justmenoni:
Nairaland and it's mods are really superb and I think the Federal government should also look into nairaland's activity in regards to the support MMM is getting from the operators and mods of NAIRALAND.

Someone was promoting the MMM scheme and I told him to stop bombarding every thread with the advertisement for such and voila he reported me to the mods and I was banned for weeks and I kept on seeing different posts and thread encouraging such scheme...

I know some large proportions of Nigerians are gullible but are they so gullible to forget Nospecto, Sefteg etc? where alot of investors didn't just loose their money but their lives.

to all of you shouting and screaming it's your money and the reps are bad, they don't want you to be wealthy like them bla bla bla... one thing I'm sure of is that majority of you are paid agents of MMM and just looking at attracting gullible Nigerians to invest more into such scheme.


Simple question: can anyone of you agents of MMM tell us which investment MMM does with the money, oh one of you even said it's like a social network where you help and get help, how does that sound sensible to you?

Mods, i beg if una like ban me ooo, but by God's grace, i will still be here looking out and laughing out loud when the irresistible crash of MMM happens and no one should blame Buhari or any other government official for failing to prevent it.
Guy u don mad finish... Stupid people like saying stupid things. Go and do your research on MMM very well please before you continue spewing rubbish here. Anyone praying for mmm to crash will crash.. FOOL!
Re: Arrest MMM Promoters - House Of Reps To EFCC by Ugmama(m): 11:47am On Nov 10, 2016
paulostical2004:
Bros, the interesting thing is that it wast up to the 30 days maturity timeline (just 25 days) before I asked for help. May God continues to bless creators of MMM. I am definitely in this MMM business for real, irrespective of whatever anyone says. For those criticizing MMM, keep up the ignorance. Like the bible says 'My people perish for lack of knowledge'. It seems to me that some of us are not just born poor' but have been pronounced to remain poor to death by some unseen evil forces.
Bro, if you left it till 30th day, it would have been 137k

i currently have my 200k in my account awaiting the 30th day to reap 260k
Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 11:52am On Nov 10, 2016
Hello. Can you answer these questions :

1) I opened an mmm account and later deleted it. Can that account be reactivated?

2) Can i operate two different profiles on mmm i.e different emails, account number and phone numbers under different guiders?
Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody: 11:54am On Nov 10, 2016
justmenoni:
Nairaland and it's mods are really superb and I think the Federal government should also look into nairaland's activity in regards to the support MMM is getting from the operators and mods of NAIRALAND.

Someone was promoting the MMM scheme and I told him to stop bombarding every thread with the advertisement for such and voila he reported me to the mods and I was banned for weeks and I kept on seeing different posts and thread encouraging such scheme...

I know some large proportions of Nigerians are gullible but are they so gullible to forget Nospecto, Sefteg etc? where alot of investors didn't just loose their money but their lives.

to all of you shouting and screaming it's your money and the reps are bad, they don't want you to be wealthy like them bla bla bla... one thing I'm sure of is that majority of you are paid agents of MMM and just looking at attracting gullible Nigerians to invest more into such scheme.


Simple question: can anyone of you agents of MMM tell us which investment MMM does with the money, oh one of you even said it's like a social network where you help and get help, how does that sound sensible to you?

Mods, i beg if una like ban me ooo, but by God's grace, i will still be here looking out and laughing out loud when the irresistible crash of MMM happens and no one should blame Buhari or any other government official for failing to prevent it.
How does MMM generate 30% to pay participants?

This is a question that can never stop being asked. I have tried explaining this severally BUT its like "magic" to so many.

I understand everyone's fears that's why I will break it all down further mathematically below.




Let's say,

100 donations came in from 100 participants @2,000naira each = 200,000naira


In order for the 100 donations to be paid their 30%, that means 60,000naira extra donations must come in.



The BIG QUESTION is then how?



Here it is:-
The 60,000naira wld come in through:-



(1.) Regular GH and re-PH from the 100 donations done by the participants.



Here is d maths:-
50 participants GH all their earnings + Principal donation = 130,000naira.



Total left over PH balance = 70,000naira



The remaining 50 then needs 60,000naira to get their own 130,000naira paid too.



The first 50 paid 130,000naira total then re-PH back their 100,000naira (maybe keeping back their total profit of 30,000naira)



That then adds up to the 70,000naira available to pay the 50 participants left (130,000naira).



++ So, the cycle continues on and on for as long as the principle of Regular GH and re-PH remains!!!

+++

This is just d same Principle Banks work with. That is why it is possible for just a deposit to serve 10 - 20 withdrawals.

And they pay you little interests for using your money to keep the redistribution process going!!



++


Contact me for more details,call/WhatsApp: *07066896433*
Re: Arrest MMM Promoters - House Of Reps To EFCC by chikpreti: 11:54am On Nov 10, 2016
I wonder how MMM affects them. We are adults and responsible for our actions. MMM rules are well spelt, provide help with SPARE money so I don't see why one should commit suicide . HOA pls we have so many issues confronting us not MMM.
Re: Arrest MMM Promoters - House Of Reps To EFCC by toluxa1(m): 12:05pm On Nov 10, 2016
#IStandWithMMM is trending on twitter... go and add your voice!

Re: Arrest MMM Promoters - House Of Reps To EFCC by StUriah(m): 12:09pm On Nov 10, 2016
Thieves in the House Representing who? You or Themselves?

They chased Honourable Jubrin away to secure their loots. Dogara is a Thief. How much did CBN, House committee on finance/investment, Nigerian Securities & Exchange Commision, Banks and the useless people we call leaders gave to this never do well, ignorant and self-serving Fijabi to cause panic among people who are legitimately, selflessly & happily helping each other in this economic quagmire the country found herself?

Why do we have 2 Legislative Chambers? What are they doing there? These set of immatured, breastfeeding Adults turned Easy-Money Makers that cannot analyse issues and put them in proper perspectives. These are people with no sound philosophical, economic and ideological orientation or principle guiding their thought process. If you think they are serving you, how many Nigerians benefited from their Constituency Allowances since the time they were sworn in? What are their submissions that will lead Nigeria out of Recession?

CBN jobs are waiting for their children that are studying abroad. They expect Nigerians to be submissive to their greed and use us to only to achieve their political goals.

I think it is right time to delete this House of RepThieves from our political structure.

ICPC & EFCC should go after all RepThieves. We want to know how they have been mismanaging our resources.

What we should all do is to launch a campaign against them on all Social Media platforms & mobilise to recall them back home.

#ScrapHouseofRep

#deletelowerchamber

#ScammersHouseofRep
Re: Arrest MMM Promoters - House Of Reps To EFCC by phenomem(m): 12:16pm On Nov 10, 2016
JeffreyJamez:
No one has been able to give me a reasonable answer to that question apart from somebody will "help" you.
Look at it from this angle.

If 10 of you starts a contribution, and you start contributing 10,000 naira from your monthly salary. The first month, someone collect 100k, the second month, another collect 100k and it goes on and on... Where do they see the extra 90k?

What mmm does is just collect money from a person that doesn't need it yet [spare money] and give to another person. So by the time he ought to get his money back, another person that wish to give his money out will pay him, and they just only add a stipend of 30% which is collected from another member as a kind of good gesture and it goes on an on. Mmm is just there as the intermediary to regulate everything so as to not feel cheated.

Now imagine over 2 million Nigerians involved. Money will just be exchanging hands and circulating around it's members.

It's similar to what the banks do. They collect money from their customers but instead of loaning it to the people that actually need it, they loan it back to people that would rather pay high interest on it. Leaving the poor poor and the rich richer. Please try to find out more on the ideology of mmm. I can only imagine how many people would have committed suicide or one bad thing if not for the advent of mmm.
Re: Arrest MMM Promoters - House Of Reps To EFCC by StUriah(m): 12:20pm On Nov 10, 2016
#ToHellwithHouseofRep
Re: Arrest MMM Promoters - House Of Reps To EFCC by StUriah(m): 12:20pm On Nov 10, 2016
#fuckHouseofRep
Re: Arrest MMM Promoters - House Of Reps To EFCC by ayokunlei(m): 12:28pm On Nov 10, 2016
SUNSHINEDAINTY:
This write up Is so on point. I think you need to create a fresh topic and post it. We need more people to read this. Thanks
Yes. Very well cited. Kindly create a topic , copy and paste it and it would probably make front page.

Cc : Mayfizo , agarawu80
Re: Arrest MMM Promoters - House Of Reps To EFCC by ayokunlei(m): 12:32pm On Nov 10, 2016
phenomem:
Look at it from this angle.

If 10 of you starts a contribution, and you start contributing 10,000 naira from your monthly salary. The first month, someone collect 100k, the second month, another collect 100k and it goes on and on... Where do they see the extra 90k?

What mmm does is just collect money from a person that doesn't need it yet [spare money] and give to another person. So by the time he ought to get his money back, another person that wish to give his money out will pay him, and they just only add a stipend of 30% which is collected from another member as a kind of good gesture and it goes on an on. Mmm is just there as the intermediary to regulate everything so as to not feel cheated.

Now imagine over 2 million Nigerians involved. Money will just be exchanging hands and circulating around it's members.

It's similar to what the banks do. They collect money from their customers but instead of loaning it to the people that actually need it, they loan it back to people that would rather pay high interest on it. Leaving the poor poor and the rich richer. Please try to find out more on the ideology of mmm. I can only imagine how many people would have committed suicide or one bad thing if not for the advent of mmm.
Well said.
Re: Arrest MMM Promoters - House Of Reps To EFCC by TRIXIA: 12:40pm On Nov 10, 2016
Jamiati:
Cursing govt is not the solution, they have the power to ban it and there's nothing anyone can do. Even heard MMM was banned in China.
Not only in China, but in South Africa, Tanzania even in Russia the said origin of MMM
According to the news released earlier, participants of MMM in Zimbabwe has cursed those who rumour that MMM crashed to desist from it as they still enjoys its 20% percentage benefit.

According to Econet’s mobile financial service platform, EcoCash two days ago only distanced itself from the pyramid scheme because they were not in support of it.“We advise our valued customers and all stakeholders that Ecocash is a licensed mobile payment platform that enables customers to make financial transactions such as sending money, buying prepaid airtime as well as paying for goods and services within the confines of the law of Zimbabwe.

EcoCash promotes safe and legal transactions but will not be held liable for any losses arising from the use of EcoCash to engage in illegal activities such as Ponzi schemes.”

“The participants are made aware that they make their money by recruiting new members who in turn must recruit more members,” warned the Central Bank.

Zimbabwe MMM is still going on even with the 80% decrease in mavro growth. Did anyone lose their money? No. What happened is when u pledge 10k, instead of getting 20k reward in 30days, which is 100% reward, u get 12k which is 20% reward. They are still rewarded with 2k. In Nigeria we get 3k reward for 10k pledge.

So did anyone lose their money? Absolutely not.

Has it stopped MMM Zimbabwe from continuing? Not at all.

The Nigerian Model of MMM Works perfectly so let's keep it going

http://iharare.co.zw/zimbabweans-insist-on-rumour
South Africans made a protest in Johannesburg and till today it stands gidigba.....all i'm saying is we should get our facts right
Re: Arrest MMM Promoters - House Of Reps To EFCC by Nobody:
Re: Arrest MMM Promoters - House Of Reps To EFCC by erico2k2(m): 12:49pm On Nov 10, 2016
phenomem:
Look at it from this angle.

If 10 of you starts a contribution, and you start contributing 10,000 naira from your monthly salary. The first month, someone collect 100k, the second month, another collect 100k and it goes on and on... Where do they see the extra 90k?

What mmm does is just collect money from a person that doesn't need it yet [spare money] and give to another person. So by the time he ought to get his money back, another person that wish to give his money out will pay him, and they just only add a stipend of 30% which is collected from another member as a kind of good gesture and it goes on an on. Mmm is just there as the intermediary to regulate everything so as to not feel cheated.

Now imagine over 2 million Nigerians involved. Money will just be exchanging hands and circulating around it's members.

It's similar to what the banks do. They collect money from their customers but instead of loaning it to the people that actually need it, they loan it back to people that would rather pay high interest on it. Leaving the poor poor and the rich richer. Please try to find out more on the ideology of mmm. I can only imagine how many people would have committed suicide or one bad thing if not for the advent of mmm.
Thier website catigoricaly states that there is no profit or gains in physical cash . No gains . All monies gotten are help from U and me the %is a me sure of howmuch help one might ask for but not a growth of investment or Ritual on investment . There is no investment . When U pay it's directly to whom U are helping . So I think you explanation is a bit misleading don't you think so?
Re: Arrest MMM Promoters - House Of Reps To EFCC by erico2k2(m): 12:51pm On Nov 10, 2016
MMMHELPS:
AVOID PROVIDING HELP TO Adejumo Basiru Omidiran: HE IS A DEFINITE SCAMMER ON MMM

Fellow participants

I have enjoyed some profits from mmm since I joined. Last 3 weeks, I provided and after about 3 weeks I requested for help, every participants I was paired with provided the help except this guy: Adejumo Basiru Omidiran. He was given 48 hours to provide the help, I called him several time even to the last hour. He went on to upload false proof of payment at the last hour, I called again and all he could tell me was he would do it again, his guider's phone contact has never gone through. (Attached is his fake uploaded POP and his order)

After his allowed time to provide payment elasped, I called my guider and he told me that a question mark would pop up on the order which actually did, then I was aksed to click on FUND NOT RECEIVED which I did and also uploaded my statement of account to show he did not actually pay me. I laid the complain to support with my bank statement but the CRO has not been positively supportive. Now the guy has stopped picking up my calls.

I went on to discuss the whole long days disturbing issues wth my guider, and told him I thought I would have to accept that I receive the unreceived fund since I did not get any support from anyone on the issue at hand and again since it is just about 5% of the total GH which I already got, and again because I needed to GH my other already grown mavros and capital (all). My guider replied that if I have the heart, I should go on and that he also has his 100k hanging in the system that he had to let go....chaiiii.

I moved on to accept the unreceived fund, and that is how I was able to GH my other already grown mavros hoping that I would do a video to recover the lost fund from the video bonus......Can you imagine, I still call this guy and he is tired of saying a word to me, he picks and leaves the phone line on but never say a word. This morning, while he kept the line on, I heard him receiving another person's call saying "YES, I HAVE RECEIVED IT, I WILL CONFIRM IT". This means: this fraudster still remains on mmm scamming my community members, I thought he was banned but I guess he has many mmm accounts.

Conclusion:
Actually, I have enjoyed some profits on mmm, the system is clean but our greedy and fraudulent Nigreians are the ones who are gonna crash it, not Mavrodi......My people, enjoy the mmm scheme but avoid this dubious and fraudulent guy:Adejumo Basiru Omidiran. When you see his name on those you are supposed to provide help to or get help from, PLEASE RUN.
Classic example of how one might lose thier cash
Re: Arrest MMM Promoters - House Of Reps To EFCC by TRIXIA: 12:53pm On Nov 10, 2016
Jamiati:
Cursing govt is not the solution, they have the power to ban it and there's nothing anyone can do. Even heard MMM was banned in China.
Not only in China, but in South Africa, Tanzania even in Russia the said origin of MMM
browse china-ememem.net (without the 'e' before all the 'm') ........please lets get our facts right
Even if you have personal objection to MMM, do not minimize the facts about MMM and the good they are doing
Check MMM in Tanzania on google and see the result yourself
I dont know how to slander, call a spade a spade not an agricultural implement
thank you
Re: Arrest MMM Promoters - House Of Reps To EFCC by Chosen2375: 1:04pm On Nov 10, 2016
Whosoever that forward this motion is wicked. Maybe he discovered that people no longer come to him for financial help. He must have discovered that most of them are into MMM. He knows that in the coming election he will have nothing to convince people to vote for him. Since the likes of them usually bribe their ways into political offices, a reason why all of them sanction the motion. See, these people have no feelings for the masses, even if an ordinary Nigerian is involved in a business already being done by one of this caber, it is not an understatement that this political caber would do everything possible to frustrate such a Nigerian until he leave the business for them. Ask the politicians in question to provide financial help for individual currently engage in MMM, so that people stop patronizing it, it a pity they will never do such. They are only good at stealing the public money for their political career not minding the detriment involved.
The press should be cautioned as well, let the people dictate their own choice, even if l sell a personal belonging is it anybody's problem? If your government cannot give me job, and helping me in every ramifications - speaking about the fundamental things that a government should provide for the citizen - why should you help to propagate their evil mind.
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