₦airaland Forum

Where is the 30% coming from? This is a frequently asked question and is an intelligent one. MMM is never shy to say the 30% is provided for from the help provided by new participants, which and the cycle is strengthened when older participants return to provide help and invite more people to join MMM.

Its like asking “how do insurance companies payout insurance claims for say written-off cars, burnt down houses, lost lives etc, the answer is they depend on new clients signing up to join their insurance scheme and pray all their cars and houses don’t get destroyed at the same time.

Unfortunately, the fear of not understanding the MMM ideology and model has made the media write unfounded stories about MMM, thereby creating panic in the system and making every participant want to get help at the same time.

Imagine if every account holder of a particular bank decides to withdraw their money on the same day, how likely is it that any bank will survive this?

Anyway, MMM is not by force, it is optional and just when many say “what if it doesn’t work, we say “what if it works”?

Try with N1,000 and confirm for yourself if it works. MMM warns that participants use spare money to provide help in MMM and not sell their house or cars to join MMM, as MMM offers no guarantees.

Mustay:
Funny enough, this wasn't it. These ones came to Ray power's political platform show. All the same, what you have cited is the third example I have heard too. Saw something like that on a South African station too and I am not too surprised because the Superior Guider of MMM Nigeria is one SA-based pastor. So, it's not surprising that they would duplicate templates across Africa.

Same thing the guys on Ray Power said - it's a reward. Like, Hello Santa!!! I am just observing as the experience will be useful in case studies. EFCC officials and bankers allegedly playing it, rich men playing it, people building houses or paying school fees with it etc must be making Baba Ijebu grin ATM. People will find justifications for anything but facts are always sacred. Not once or twice have people used sentiments to sway the populace from thinking objectively. I cannot be swayed.

abeg pls tell them oooo. They do not know that this life is about risk. People are smiling to the banks and enjoying themselves. Well like some people on every thread alwayys saying that mmm has come to stay like nairaland.

ify4king:
Where is the 30% coming from? This is a frequently asked question and is an intelligent one. MMM is never shy to say the 30% is provided for from the help provided by new participants, which and the cycle is strengthened when older participants return to provide help and invite more people to join MMM.

Its like asking “how do insurance companies payout insurance claims for say written-off cars, burnt down houses, lost lives etc, the answer is they depend on new clients signing up to join their insurance scheme and pray all their cars and houses don’t get destroyed at the same time.

Unfortunately, the fear of not understanding the MMM ideology and model has made the media write unfounded stories about MMM, thereby creating panic in the system and making every participant want to get help at the same time.

Imagine if every account holder of a particular bank decides to withdraw their money on the same day, how likely is it that any bank will survive this?

Anyway, MMM is not by force, it is optional and just when many say “what if it doesn’t work, we say “what if it works”?

Try with N1,000 and confirm for yourself if it works. MMM warns that participants use spare money to provide help in MMM and not sell their house or cars to join MMM, as MMM offers no guarantees.

abi ooo keep enlighten d ones that have not know yet.

Seniorman69:
Do people get jealous of foolishness? Getting millionaires, posterity will tell!

hmmm posterity will tell if they are doing normal things. Posterity will tell if the google,fb,nairaland and linda ikeji is smiling to their various banks everyday. For some years now fb and twitter av make money from. Its members. Posterity will judge them too hmmm.

emmawiz:
Emmanuelf99@gmail.com that's my email u can register with it... Mmm pays friends

continue advertising and getting more members o jare. Eku recession eni ooo.

Lol seun and his mod will not see this one.

hehehe.....

silvernus0:
hehehe.....

continue promoting it jare.