₦airaland Forum

Omonoba1:
Can't believe a friend of mine still went ahead to provide help of over 100k yesterday amidst this hullabaloo.. People strongly believe this thing will come back..na wa o

McBrooklyn:
MMM did not crash!!

I repeat, MMM did not crash!!!

Dem just carry people money run!!!

Believe that at your own peril, Yabaleft go full this Christmas

JohnVianney:
The accounts that have reached the 30 day time limit has just been unfrozen, login to your personal office to confirm. No need to fear again

TBrenks:
The statement built back the confidence level that was needed.
#istandwithMMM

EVILFOREST:
NIGERIAN GOVERNMENT has done to its citizens worse things than MMM has done, or will do.

NIGERIAN GOVERNMENT has done worse things than GAS FLARING....

so what's all these noise...

Just name one thing that is worse than the NIGERIAN GOVERNMENT....?
since I grew up to know things , I can't recall anything the NIGERIAN GOVERNMENT has done for its citizens, at least for being a Nigerian

appsintell:
Can't believe nigerians are this gullible. .no wonder the government can do without ever they like ...because the masses lack the capacity to think. ...mmm is a ponzi scheme. .meaning you take from Peter to pay Paul. ..it keeps going as a long as you get more peters so you can keep paying paul. ..trouble starts when. Peter and Paul want to withdraw at the same time...as chrismas is approaching no one is paying in..rather people are withdrawing. ..they can't afford to keep paying. .so they pause and shut down. ..they are telling the mugus it will be back January 15....as a sharp naija person what do you think will happen on the 15th?...eveyone will try to catch out ..because there's panic now...confidence is gone...do you think they have the funds for such massive withdrawals? ??
..this is the end ....this is ponzi scheme at bits finest.....

Corrinthians:
She's making a very good point. I keep wondering myself; why do some people desire to see mmm crash? Does it hurt them seeing people rise out of poverty? What joy is there seeing people's lives ruined from huge loses? Would the validation of their suspecion that something would go wrong with the scheme raise their standard of living in any way?

Confidence has been ruined and it might be difficullt getting it back. But come what may, mmm changed a whole lot of lives for the better.

Eziachi:
The story of Dr Umana is something many of you may be too young to know or had ever heard of but the story is not fiction nor from a story book but its rather real and it happened in Nigeria.
It was In the mid 1980s, as usual since the 70s I was on my annual holiday in Port Harcourt (my place of birth) from England. A day after my arrival, a cousin of mine that also lives in Port harcourt and a teacher by profession came to me and after all the niceties asked to borrow some money from me and I asked her how much? And she said 35 thousand naira!

I nearly fell off my seat or had a heart attack and I asked, what she needed such amount of money for and how long she thinks it will take her to pay me back if I am mad enough to give her that sort of money?
Then I thought I was day dreaming when she said that she will pay me back with interest before I return back to England (i.e in 4 weeks time).

It was then she told me that a new booming business based in Aggrey Road in Port Harcourt called Umana Bank for the past six months and it works this way: Whatever you deposited into the Umana Bank after full 4 weeks, you can withdraw your entire deposit with a whopping 100% interest paid to you in full. I laughed like I had never laughed before and said to her that she is either mad or had been conned by some people that want to con some money she never had.
Then my host, another relative of mine, looked at me and smiled and he told me that my cousin is telling the truth and as a matter of fact, he too had deposited 50 thousand naira and his deposit is due to be cashed within few days and I can come with him on the day of withdrawal.
I knew now that if this is a joke, it must be an expensive one because I think my whole family has conspired to con me using this made up story or something is wrong somewhere.
Because my host is a very intelligent businessman who owes three big petrol servicing stations in Port Harcourt and another two in Aba/Orlu.

Then he took me outside and pointed out to me a brand new Toyota Crown car he claimed to ha have just bought and he told me that it was from the interest he earned from Umana Bank the month bedore. As the evening wore on I start to meet many old friends and relatives and each time I met anyone, Umana Bank is the centre of the all discussions. Everyone is at, it seems. Young, old, poor, rich, middle class, intellectual etc, everyone has or has cashed their deposit with Umana Bank.

I spent the entire week trying to figure out what was happening, and I start to get the best picture of what is happening with the Umana Bank wildfire when on a trip to Aba, I was having launch with comrade of mine in the Biafra army, who is from Ikot Abasi in the old Cross River state and who happens to be a Bank manager of ACB branch in Aba and I asked him whether he had heard about this Umana Bank in Port Harcourt?

And he confirmed that Umana Bank is real.
He went on to said that almost all Banks in the old East has ran out of cash because everybody has withdrew their entire cash to deposit with Umana Bank and then he whispered to me that he too had borrowed 50 thousand Naira from his own bank illegally to deposit with Umana Bank and how he was having nightmare for a whole month his money was there and how he could not believed it when at the end of the month, he went to Port Harcourt, not only he cashed his 50K naira but got another 50K naira cash in interest.
How he discreetly put the original cash back to his bank and is using his 50K naira windfall to start finishing a storey building (house) he had been struggling to build for the past 5 years in his village and he has also bought himself a fairly used 505 GL which he showed me and that he has deposited another 10K from his windfall from Umana Bank.

Going back to my host, he kept his words weeks later when he asked me to accompany him to cash his deposit of 70K.
And couldn't wait to go with him because it still sound unreal, despite all the evidence to the contrary.
On getting there, the crowd of depositors and withdrawal stretched over two miles if I am not exaggerating. I saw all sorts of people, from traders to rich people to even police/army/navy/air force personnel in their uniforms lining up and there was rumour going round too that even the then military governors around and all their commissioners has put their cash in Umana Bank.

I could not stand in the line with my host for that long and I had drive down to Owerri for some meeting and later returned back to P.H and he was still there and after almost 8 hrs he went into the building and 30 minutes later, he came back to the car and I drove off heading home and he was singing through out the short journey home
And to my GREATEST amazement, when we got into the house, I was nervous and also excited and he opened the ruck sack and there it was- bundles of Naira notes and he was dancing around the front room with his wife and kids and when he settled down later.
He started counting the cash and to my astonishment again it was 140K Naira cash in total as he claimed a week before that he will get.

I am now convinced that Umana Bank is real for whatever this guy is doing but the question I kept asking was:
Who is this Dr Umana E Umana?
What is going on?
What does it do with the money deposited with him?
Is he licensed by the then government (IBB govt) .
And has anyone ever heard of such an interest return before?

Few weeks later, I returned back to England and couldn't wait to tell my wife, and she said to be that a great fraud is happening but never has she heard how open it was.
But exactly a week after my return, I got a call very early in the morning from my relative/host. His first word was: Umana has collapsed and with my 40K Naira with it!
I asked him what happened?
He said, everything is still very sketchy but it seemS that they woke up one morning and saw the whole of Port Harcourt city like in a war situation with thousands heavily armed army, police all over the city drawn from all over Nigeria, sent by the order of IBB to stop Umana's operation, arrest him and bring him to Abuja.
He then told me that a bungalow at Creek Road situated among many other houses was the house Umana used to keep the cash without the faintest knowledge of anyone.
Then story start to emerge about those that had sold everything they got to deposit it after cashing the initial small some and I was told millions of people lost their money. As everything Nigeria- Dr Umana was whisked to Abuja, till today, no one heard of him again or his money or any enquiry set up by IBB's government to tell the world/Nigeria who this man is and what he was doing?
Umana and Umana Bank just disappeared into tin air till this day.

DedeNkem:
You're a fool! Read the following links;
Ponzi Scheme

The picture you see below is the criminal (Sergei Mavrodi). Real about him;
Sergei Mavrodi
Wikipedia

dee02:
Ponzi schemes..... The signs we are seeing today are peculiar to what has been seen prior to similar schemes crashing in other countries!
MMM's death in Nigeria is immiment!!!!!

Goddey18:
And if you are totally lost for words, we assure you you cannot go wrong with El Nathan John’s tweet here:

If MMM Nigeria are as smart as I think they are, this is not final. It will come back January, restore confidence, then crash big time.

— Elnathan John (@elnathan_john) December 13, 2016

TippyTop:
And some people would still believe them.

Nyceguy92:
It is a pity that greed, poverty, hardship, and the rush to make quick money has blunted the rational side of some Nigerians.
Recall the now-forgotten "Wonder Bank" of several years ago.

MMM will crash soon, just as the wonder bank did.

Most subscribers don't even know the history of MMM or the meaning of those letters.Nko

For an indept analysis of MMM, see Adeola's YouTube video "Keeping it Real with Adeola, Episode 242 (The Truth About MMM)"

Save your tears before it is too late.

TheEminentLaity:
I'm PHing 600K next week. Nigerians don't understand simple English and any participant looking for info about MMM from NL filled with children who didn't even buy their JAMB forms themselves isn't supposed to be on MMM in the first place. As for the agents of sorrow grieving over someone else's progress and money...wait till una graduate from university.

As for the m0ds of NL, the peanuts oga NL dey pay una go help una to financial freedom to become like am. Continue your free slander against the system that has lifted people out of poverty and is the only thing working in this cursed APC-led government. Why I say young people in Nigeria have to be the most fo0lish in the world. How can people have smartphones and be this ignorant?? Out of all the things to campaign against in Nigeria? All the death, unpaid salaries, fulani massacres, flaunted court orders, injustice, recession, failed healthcare, disgrace of our national football heroes, increased taxes, bills, levies...everything grounded...Please mention one thing going right in Nigeria it's MMM you guys are concerned about. God forbid!!

I am not in Nigeria btw but I laugh at you all from a distance -I cannot feel sorry for you guys anymore- My mavro already growing in btc and next week in MMM nigeria. MMM Nigeria together we change the world and become free from the rat race and financially.

Quote me if you have a job and have passive income of over $1000 a month or else, shut up read and wait for N-power or NPF recruitment or go watch Telemundo.

MMM gone for good Good of who or whom? You or the people who like to give you bags of rice as empowerment?

DedeNkem:
That doesn't mean you've to be dumb to fall for MMM Ponzi scam.

Dclique:
She is right. I totally agree with her.


Btw, this keeps on getting more interesting by the day. #LongLiveMMM #TeamMMMNigeria #NoShaking

dadaic:
People never wished to see MMM crash, people wanted people like you to accept that what they shared was the truth. And when it was frozen, they felt relieved. How do you feel when you hear one aproko and you are the first to know, and people dont believe you. What do they say when they dont believe you? You are a hater, a liar, a this, a that. And when they hear the truth. They run to you to hear more aproko. Its the same here. Some pastors shared the truth with you, you called them names. Some friends advised you, you tagged them as enemies.

You have your view as to why you believe in this, carry on with it. I don't call you names for participating in MMM, it's your cash. Dont call me a hater because I smiled knowing that I adviced a friend, a brother not to partake in something that might ruin him.

I don't believe in a system where by my money sits in a box for 30 days and 30 percent climbs it when nothing is done. No purchase, no buying or selling, nothing. I will shout to the world not to partake in this, call me a hater, I will tell you the truth, the whole truth and nothing but the truth. MMM is a shady thing.

People said there is no central unit where one sits on your money, well, answer this question. Now that it's frozen, were you able to get your cash out? What happens when he decides to close the site finally? Are you able to withdraw your cash out now since you claim there is no central unit or control system sitting on your monies? Those who sit at home typing that MMM will come out strong, I hope you share the truth. Because I see people wailing and in serious agony. I don't want to see my friend in pain, and I am also saying this is so another life won't be carried away by people making you feel this system is the only one that works. MMM doesn't exist. It's a scam.

dadaic:
I don't believe in a system where by my money sits in a box for 30 days and 30 percent climbs it when nothing is done. No purchase, no buying or selling, nothing. I will shout to the world not to partake in this, call me a hater, I will tell you the truth, the whole truth and nothing but the truth. MMM is a shady thing.

... MMM doesn't exist. It's a scam.

Corrinthians:
She's making a very good point. I keep wondering myself; why do some people desire to see mmm crash? Does it hurt them seeing people rise out of poverty? What joy is there seeing people's lives ruined from huge loses? Would the validation of their suspecion that something would go wrong with the scheme raise their standard of living in any way?

Confidence has been ruined and it might be difficullt getting it back. But come what may, mmm changed a whole lot of lives for the better.

doctorregular1:
I am sure u own ten plot of land in banana Island : the Albert Einstein of our time. Mtchewww. Shut the fu*ck up

HustlerBlog:
Cant you do without insulting people. What is your business with how other spend their money? Why are you not against into betting?
Pls get a life, and stop this your childish behaviour.

DedeNkem:
You stand with MMM like a fool you're!!

Read the following links;
Ponzi Scheme

The picture you see below is the criminal (Sergei Mavrodi). Real about him;
Sergei Mavrodi
Wikipedia

bettercreature:
See what Chuddy used your money to do

TheEminentLaity:
You worry too much. You don't know about the misery of this administration that MMM has really buffered. I am not in the country but I think MMM is largely the reason why there isn't mass protests and chaos as a result of this confused regime and the recession. People who may lose in MMM would not and cannot turn criminals if they've been on it for long. MMM isn't closed btw. The criminals would more likely be from the ranks of civil servants being owed for several months or millions of workers who lost their jobs as a result of the recession. And for you not ready to lose money, let's say you're truly not ready...I don't fault you.

"I don't know a rich man who hasn't lost a lot of money, but I have met a lot of poor men who have never lost a dime" Robert Kiyosaki

kYjelly2:
all these mmm participants couldn't care less about those that will eventually lose all their money in the scheme, as long as they make money, chai

I don't know why it's so difficult to convince people that the 30% bonus comes from new participants.

I guess they already know, but don't care.

they are waiting for new mugus to provide them help, sigh