Elijahrona:
Gb stands for governing body. These men are the anointed leaders of Jehovah's witnesses worldwide.

They sent a letter.. Not just to Nigerian congregations but to congregations worldwide.

I attended our weekly meetings today and a letter warning against any ponzi schemes was read.

Can't say everything in it sha but the details were:
1. Trust God for all your financial needs

2. If you're not sure whether the scheme would crash or not, don't introduce it to your brothers

3. Never be driven by the love of money

4. Satan is looking for ways to drive Christians into his court. Try to be vigilant

At the end of the letter, Hebrew 13: 5 and 6 was read.

Thank God i didn't go mmm or anyone

UNA don come again with this "i know it all stuff" is mmm and the rest not better than robbery? ok what is your church doing to help eradicate poverty and hardship out of the land,? make we hear word joor

tayooluwole:
They should rather face their gospel...and let Nigerians decide how they risk their hard-earned money...

U didn't even read at all, letter was sent to their congregations worldwide. They take care of the congregation, even advising them on any current issues, backed by bible principles.

This jehovah witness wey dey follow fine fine houses say dem dey preach, dey sell tracts instead of free.
Who una Don epp. Pls stop taking paracetamol for people pains.
THANK U NL MODS FOR PROMOTING THE SCHEME.
TAKE STATISTICS OF THOSE IN FAVOR OR AGAINST EVERY POST ON MMM, WEDA ON FRONT PAGE OR TRENDING.
Nairaland ma na thesame source of ponzi una dey do with with Mr Mavrodi since una both they get paid from Internet traffic by adsense and Co.
If we no visit una, una may no go make am na..
Shey na robbing Peter to pay Paul too.

J4parry:


@check the bolded, it doesn't exist.

MMM is not a loan society it's a pony where people simply help people

Culin:

are u trying to say rich people don't buy shares or invest. We can also call insurance companies thieves and scammers. You pay 6k for insurance on a flight with the assurance that if there's a crash your family will be paid millions. Now the plane doesn't crash and you don't get your money.What say ye about this?

DON'T MIND THE FOOLS, WHERE WERE DEY WEN ACB , HABIB BANK, OCEANIC etc AND BIG CONGLOMERATE SHARES CRASH, WEY i LOOSE MONEY FOR AFRICAN CONTINENTAL BANK UNA REFUND ME?

donj84:


your report is good and its not condemning MMM or any scheme,its only advising you..read the number two of if you don't understand,get someone mature minded to explain those quotes to u. have a blessed sunday
thank God I entered into it...I can pay my tithe weekly,I can answer the needs of people now and I can have enough food on my table...

Yes d number 2 explained it all; any1 that actually understand the ideology of mmm should know better

peterunla:
you are a bloody liar. where I read the letter you are talking about. we concluded our own convention last week.

I don't understand, what exactly did I lie about?

I don't know why the so called men of God just like to make speeches based on polls and call it prophecies or God's message. Sebi one Man of God sef wey dey see what God dey do and wetin what God dey think see woman becoming American President for US election, meanwhile is all about the poll in America. I beg I no dey trust their words jare.

jist2day:
Note that the governing body did not mention mmm, I've been waiting to see this letter.
2-The governing body did not ask you not to take financial risks-but if you suspect it will crash, don't introduce it to your brothers.
Don't make the congregation a business ground.
Don't be driven by greed.
WARNING: DON'T DRAG THE GOVERNING BODY INTO COMMENTS ABOUT MMM.
YOUR FINANCIAL RISKS IS YOUR PERSONAL DECISION.

I've been scrolling down to see a comment like this, it is just an admonition and not a specific warning not to participate in MMM.
Normally we're not allowed to discuss business in our meeting places or in field service.

blackberlin:
All I know is that these Ponzi schemes, MLM etc just kill people's creativity and make them more aggressive financially, albeit on a low level.

The richest people in the world didn't get there by quick-money schemes, they got there by identifying what people needed and meeting those needs.

....where there is a functional environment and safer policy.....

MMM is just one of the many schemes running in Nigeria, so what's the fuzz about? Is it bc of its popularity or what?
Many of these other ponzi schemes are very much riskier and less organized and we don't get to hear much about them.

Any business you do entails some risks whether buying of shares or banking. If you ever lost money in any of those liquidated banks of those days like Society Générale Bank, Intercity BanK; and bought shares with the value less than 20% of the initial value as at today, then you have nothing to FEAR about MMM.
I see some haters joining mmm in 2017, Hallelujah! This is the only scheme that has put smile on the faces of teeming Nigerians in this harsh economic time. Nigerians are getting unified by this scheme too.

For those sounding aghast against mmm Nigeria, you have a long time to wail because there are numerous strings and strains of mmm running concurrently in Nigeria. Have you heard of MMM Japan and MMM worldwide that transact with Bitcoin? MMM is like an Octopus with Eight lives. You simply can't kill it with your mere wailing! Wake up and join the new community service and be your Brother's keeper.

?

iamloyalty:
Who is this apostate that posted this? What do you want to achieve with this? You better watch it!

U ARE RIGHT, I AM A WITNESS THOSE INFORMATION ARE FALSE. NO LETTER OF SUCH WAS DISCUSS IN OUR KINGDOM HALL. SOME PEOPLE ARE TRYING TO GIVE D WITNESSES A BAD NAME. SHAME TO D PERSON THAT IS PROMOTING THIS WRONG INFORMATION ABOUT JEHOVAH'S WITNESSES.

dreezybines:
One thing I know is, if you're a real Christian and you study the word of God properly with understanding and the guide of the Holy Spirit , you won't be into any of the Ponzi scheme...

Lemme share some verses of the Bible...

Leviticus 25 vs 37
Ezekiel 18 vs 8
Jeremiah 15 vs 37...

Oga which one is Jeremiah 15 vs 37? can't find that in my Bible.
though I don't support the MMM stuff but the first two verses you quote has nothing to do with MMM.
The word Usury as used in those verses was used to describe the act of given financial assistance to someone in need while demanding for exorbitant interest. contrary to that, MMM is the borrower who promised to pay exorbitant interest and not the lenders asking for the interest.
the absence of compassion and love for a brother in need, by demanding higher interest before financial assistance is rendered was the base upon which Usury was condemned therefore if a man come to me to borrow 1000 with promise to pay 1500(50% interest) in two weeks time, of which I am not the one demanding for the interest, pls tell me where I have sin.
Note: I am not supporting MMM but just to clarify those verses. pls always go some verse before or further to understand more about a particular verse that interest you in the Bible so that you could understand that very verse of your interest better.
MMM IS ROBBING PETER TO PAY PAUL.

Pls, Can anybody confirm if the nig. Govt. Will ban mmm on d 14, dec.?

This was a letter to the worldwide congregation and same type of letters has been sent to congregations for decades before the emergence of MMM. And neither MMM nor any scheme was mentioned in such letters. That shows they respects peoples financial decisions But for members of the congregation it's greed and the Bible did warn against any form of greed.


In summary, the letter wasn't meant for Naira land or any news media but for the congregation.

Someone I know just recently invested N1,000,000 into MMM and there are people that I know that have made over half a million naira from it. It really pays but one must play with caution

Good for you guys, thought you guys hate to be addressed as Christians? I need answer biko

Everybody knows it has not come to stay. Don't come come and tell us you saw one revelation later when it crashes. live people alone.

trumpclinton247:
....where there is a functional environment and safer policy.....

whatever bro.... free world, free opinions.

Honorable authorities,

So far MMM has come under a constant attack from you. In this regard, I would like to ask you a few simple questions. Since you are concerned with the interests of millions of your fellow citizens, I hope that you would be so kind to answer them.

1. What are you trying to get? Do you want the MMM System to collapse and millions of people to suffer? Who will support them then if now MMM is their only means of livelihood? Will you? You even don’t pay wages to people? Or might you not care about them? Might you be using a trendy topic to make a good name for yourselves? What will you say to a mother who will have no money to buy food for her child? Will you let her child die for the sake of the higher interests of the economy?

2. You say that MMM is a scam. What is the scam here, if all members are warned in advance about all the risks, the possible and impossible ones? They know there are no investments at all. The warning is a red text on a yellow background placed on most prominent place of the website.

3. You say that MMM is bad. Why? Yes, it produces nothing, but nothing gets out of the country either. The money is just redistributed among the citizens of Nigeria. It gets from those who are richer to poorer ones, in this way restoring social justice. What''s wrong with that?

4. You have repeatedly stated that "it should be investigated!.. researched!.." It means you know nothing about this System yet; you even haven’t understood how it works. Isn’t it completely irresponsible of you to make all these allegations and play with the lives of millions of ordinary people?

5. And finally. If you know what is right for people, why is the life so bad in the country?

Sincerely yours,

Sergey Mavrodi



GOBAY

CRACK DON DEY DEY O

Buhari's recession government has employed Nairaland to discourage people from subscribing to MMM, so any little advice or warning from a social or religious group is tagged and taken to the front page.
Nairaland, well done o! But you're too small to stop MMM!

Open Letter from Sergey Mavrodi to the Nigerian Authorities

Honorable authorities,

So far MMM has come under a constant attack from you. In this regard, I would like to ask you a few simple questions. Since you are concerned with the interests of millions of your fellow citizens, I hope that you would be so kind to answer them.

1. What are you trying to get? Do you want the MMM System to collapse and millions of people to suffer? Who will support them then if now MMM is their only means of livelihood? Will you? You even don’t pay wages to people? Or might you not care about them? Might you be using a trendy topic to make a good name for yourselves? What will you say to a mother who will have no money to buy food for her child? Will you let her child die for the sake of the higher interests of the economy?

2. You say that MMM is a scam. What is the scam here, if all members are warned in advance about all the risks, the possible and impossible ones? They know there are no investments at all. The warning is a red text on a yellow background placed on most prominent place of the website.

3. You say that MMM is bad. Why? Yes, it produces nothing, but nothing gets out of the country either. The money is just redistributed among the citizens of Nigeria. It gets from those who are richer to poorer ones, in this way restoring social justice. What''s wrong with that?

4. You have repeatedly stated that "it should be investigated!.. researched!.." It means you know nothing about this System yet; you even haven’t understood how it works. Isn’t it completely irresponsible of you to make all these allegations and play with the lives of millions of ordinary people?

5. And finally. If you know what is right for people, why is the life so bad in the country?

Sincerely yours,

Sergey Mavrodi

P.S. As for your statement that "everything will collapse soon". The system has been working in Nigeria for a year, and according to your estimates, the total number of members now is about 3 million people. In Nigeria the population is approximately 195 million. Can you calculate? Will it be “soon"? :-))

alizma:

Oga which one is Jeremiah 15 vs 37?

MMM IS ROBBING PETER TO PAY PAUL.

Funnily, Peter gets paid someday too.

This letter wasn't meant for the Media or Nairaland. Like previous letters it is meant strictly for the congregation and shouldn't be a topic of debate.
Some congregations already read the letter others are yet to.
Stop bringing congregation matters to this type of debate please.

Heffalump:


Funnily, Peter gets paid someday too.

at the end some will surely get unpaid

I done subscribe to any of those quick means to get rich

abi make buhari use our 2017 budget do MMM so him go get 30%..... just saying

TINALETC3:
ur Moniker

You know how to Read?

Brother Elijahrona why bring this matter here?? The letter was read at the cong meeting and we have heard! I was visiting a a neighbouring cong when it was read,though it has not been read in my cong because I called to confirm,our convention is next week...meaning that letter will be read when we get back from the RC and here you are moving ahead of your shadow
#guardagainstpresumtousness
#agape

dreezybines:
One thing I know is, if you're a real Christian and you study the word of God properly with understanding and the guide of the Holy Spirit , you won't be into any of the Ponzi scheme...

Lemme share some verses of the Bible...

Leviticus 25 vs 37
Ezekiel 18 vs 8
Jeremiah 15 vs 37...

God bless you sir...