₦airaland Forum

SaintUlot:
@Mrpojj kindly relate this to the board of Mba forex as stakeholder that you are.

any company that receive public funds must be able to provide this aduited report....like zenith bank they publish it in new paper so everthing is transparent........i can even invest my small Change and market the product well.

CalvinGaye:
See how you talk like Forex is easy.
Even when you have mastered it, it is still never certain. It is not the kind of business one jumps into for PROFIT and MONEY-MAKING in MILLIONS.
That's what a lot of people think.
But from my experience, it's not true.
If you love the business, it's a diff thing. But going in for profit is COMPLETE Bullshit.
My opinion.

You failed at forex trading cos you invested just $5 in your account.

Hungry fool!

You want become a millionaire over night by reaping where you did not sow

Trayceey:
you are the mumu here. Still blind and engrossed in your poverty mentality while others are making use of the opportunity of forex trading.

Trayceey:
a company that has lasted for over 3 years. How long did MMM last? You're so dumb. If u don't have money to invest and you are having severe pains, confess and let us help you

Iron Lady......... I came here just to salute you.

Thank you for speaking out for what you believe in.......... even in enemy territory.

Beyoncé dey salute you again oo.

AndLeo:
I was in the communion service. Pastor Chris never mentioned MBA. He said ponzi schemes. MBA is not a ponzi scheme.

I never said he mentioned MBA...MBA is not a Ponzi scheme until u loose ur millions...Just take the risk make the money u can make and pull out..Stop saying what u don't know..Go and listen to that msg again whats the difference btwn what pastor Chris said and what MBA and many Ponzi scheme are doing ?? U invest ur funds and go to sleep while u expect returns every month..one day when the money and pressure becomes too much they shut down and people risk loosing their funds...

ufotty2001:
Is it not the same pastor Chris that gave him award when he started.. the same pastor in a long run wash his hands..

Oga what d hell are u talking about ..Pastor Chris acted in wisdom and he never mentioned MBA or any name...That u are a big giver in church doesn't mean the pastor will not advice members to thread with caution..He never sent anyone to invest with any one or do any Ponzi scheme in church..So the message was clear which is ,do it at ur own risk...Don't come and blame pastor Chris tomorrow if you loose ur money...That's exactly what the message is

Obierika:
You failed at forex trading cos you invested just $5 in your account.

Hungry fool!

You want become a millionaire over night by reaping where you did not sow

Pig-brained Bush Gigolo
Am I not better of? Are you even ambitious at all?
We the Civilized ones are busy chasing dreams and more financial growth. And you being a typical Adamic aged Orangutan is clamoring for Polygamy and Ancient traditions of Africa.
No be say u even dey wealthy to back up o!
Jackass! U go Dey find Woman/Women wey u go abduct into this ur DAMNED APE-BASED Hell of a life.
You Uncircumcised Gillipola!

CalvinGaye:
Pig-brained Bush Gigolo
Am I not better of? Are you even ambitious at all?
We the Civilized ones are busy chasing dreams and more financial growth. And you being a typical Adamic aged Orangutan is clamoring for Polygamy and Ancient traditions of Africa.
No be say u even dey wealthy to back up o!
Jackass! U go Dey find Woman/Women wey u go abduct into this ur DAMNED APE-BASED Hell of a life.
You Uncircumcised Gillipola!

CalvinGaye:
Hahaha! E pain you die ABI?

Cocksucking Asslicker! You wey get data money, u no see rich forums like Quora and Reddit go dey?? Na nairaland you follow me come chillax for.
Common getaway jhoor!!!
Stupid Polygamous Mountain Gigolo
Circumsiced Bastardo!

Blockhead!

Olodo Rabata

Yesterday you said I was circumcised today you say I'm uncircumcised.

No wonder why you wrote JAMB 8 times

ahiboilandgas:
any company that receive public funds must be able to provide this aduited report....like zenith bank they publish it in new paper so everthing is transparent........i can even invest my small Change and market the product well.

Oga, have you ever seen the audited reports of Providus Bank in the newspapers? What about Heritage Bank? Don’t they receive deposits and funds from the members of the public? Why don’t you go to them to demand their audited reports and see if security men no go throw you out inside dirty smelling gutter? Zenith Bank is a publicly listed company and that is why it must publish its annual reports for the members of the public. Privately held banks must file their reports to the regulators but not to the members of the public. A whole billionaire entrepreneur and serial investor like you should know that na .

For your info, I have never invested in any forex scheme and will never invest in them as I do not believe in forex trading as an investment.

Lazyyouth4u:
Oga, have you ever seen the audited reports of Jaiz Bank and Providus Bank in the newspapers? What about Heritage Bank? Don’t they receive deposits and funds from the members of the public? Why don’t you go to them to demand their audited reports and see if security men no go throw you out inside dirty smelling gutter? Zenith Bank is a publicly listed company and that is why it must publish its annual reports for the members of the public. Privately held banks must file their reports to the regulators but not to the members of the public.

Quit lying ...
Jaiz Bank: https://jaizbankplc.com/investor-relations/annual-report-and-accounts/
Heritage Bank: http://www.hf-wa.com/FinancialDocs
Providus Bank: https://www.providusbank.com/annual_reports_financial_statement

Besides being a requirement of SEC registration (which MBA Forex has avoided), how can you begin to ask the investing public to trust you with their funds when you keep your financials hidden? Makes no sense except you want a license to loot.

Lazyyouth4u:
For your info, I have never invested in any forex scheme and will never invest in them as I do not believe in forex trading as an investment. So don’t even come at me with that crap.

You certainly vent like one of the MBA Forex adherents.

jabolo:
Quit lying ...
Jaiz Bank: https://jaizbankplc.com/investor-relations/annual-report-and-accounts/
Heritage Bank: http://www.hf-wa.com/FinancialDocs
Providus Bank: https://www.providusbank.com/annual_reports_financial_statement

Besides being a requirement of SEC registration (which MBA Forex has avoided), how can you begin to ask the investing public to trust you with their funds when you keep your financials hidden? Makes no sense except you want a license to loot.


You certainly vent like one of the MBA Forex adherents.

Oga, any company that is not publicly listed is not obligated to share its financials with the members of the public on the pages of newspapers. Of course they must share with regulators but other than the regulators, they are only obligated to share with their shareholders. Key word ‘obligated’.

The key question people should be asking is who regulates these guys and what are the regulators saying. Instead of asking the guys for their financial statements and other documents, you should be asking questions from the CBN, SEC or whoever is regulating them. The regulators should be monitoring and auditing their activities and financials.

I will never be caught investing in something as risky as forex or forex trading. Besides, anything that looks or smells like a pyramid scheme, I run away from.

By the way, that link is not for Heritage Bank Nigeria.

Lazyyouth4u:
By the way, that link is not for Heritage Bank Nigeria.

Apologies ... https://www.hbng.com/investor-relations/

Lazyyouth4u:
Oga, any company that is not publicly listed is not obligated to share its financials with the members of the public on the pages of newspapers. Of course they must share with regulators but other than the regulators, they are only obligated to share with their shareholders. Key word ‘obligated’.

The key question people should be asking is who regulates these guys and what are the regulators saying. Instead of asking the guys for their financial statements and other documents, you should be asking questions from the CBN, SEC or whoever is regulating them. The regulators should be monitoring and auditing their activities and financials.

We are on the same page. MBA Forex is not regulated by anyone because it chooses not to register with the SEC even though it is handling collective investments. So its accounts are effectively hidden * from everybody - regulators or the public. Which is why potential investor anyone should run far away from them.

Sorry, I forget what your original point was, seeing you agree that having accounts are important.


* I don't actually believe they actually prepare any accounts as required by CAMA. The business horizon is relatively short-term as with any Ponzi scheme and it will fold at the earliest opportunity.

SaintUlot:
@Mrpojj kindly relate this to the board of Mba forex as stakeholder that you are.

Lol..MBA would never publish their account, it rather burns down than for it to do so. I see many gullible ppl here who dont know anytin about forex defending MBA. Every true forex trader would know the market has been erratic for months now due to the forthcoming US election.
MBA trades forex but its payout is based on ponzi.

karkinase:
Lol..MBA would never publish their account, it rather burns down than for it to do so. I see many gullible ppl here who dont know anytin about forex defending MBA. Every true forex trader would know the market has been erratic for months now due to the forthcoming US election.
MBA trades forex but its payout is based on ponzi.

Lol.. eratic markets n piple de cash out on top this erratic market. Ask questions bro

karkinase:
Lol..MBA would never publish their account, it rather burns down than for it to do so. I see many gullible ppl here who dont know anytin about forex defending MBA. Every true forex trader would know the market has been erratic for months now due to the forthcoming US election.
MBA trades forex but its payout is based on ponzi.

Am happy u are they trade forex

Doktajay5:
So ur point, by this your post, would be that cos u give 3% I won't crash. Is that?

U are already on a fail journey when u promise people unrealistic returns.

Can you help me with the news indicator

Vicky2k:
This is my Forex Factory site Template for news. it is inbuilt into my MT4 as an Indicator. The USA Election Polls have Joe Biden winning and that uncertainty has been weakening the USD for some time now. A Trump Re Election will strengthen Dollar US Index (DXY) across board

Please o, aside critiquing MBA, you guys should drop legit business/investment opportunities.

Making money is the end goal; MBA or no MBA

israel19israel:
Now this is what majority of investors fails to do, don't ever invest in an investment you do not have adequate knowledge about.

Where in the world does returns on investment is 180% per annum, thou I do agree that people make money from forex and they also loose money as well and sometimes they loose so greatly. Think about the overhead costing of MBA, they will pay rent of over 10mansion offices across Nigeria,they will pay all staffs working for them, they will fuel their generators, pay taxes and still pay you 180% interest plus capital, haba. Are they magician. That means they must have gotten 600% interest from their total capital. If they gain so much within a year then what about their lost?

The one that even baffles me was during the Pandemic when all money markets was down, shares was showing red, stock down, Treasury bill down, crude oil selling below $10 but in the midst of all these, MBA was still paying interest, the question is from which economy were they making profit from forex at such point. What it means is that they were taking from Paul to pay Peter. I have two close friends who had lost so greatly to forex, they are professionals but they told me there will always be a bad days. I remember even helping one of them with #10k, someone that has up to $3k in forex but lost all.

MBA may be professional but there are bad days and I don't think they are communicating that with their investors. This people are running so much expenses on their operations and they are still paying 180%, the question is HOW. maybe Dangote, Otedola, Adenuga, Elumelu, Ovia, Okoya, NSA, CBN. needs to come and learn Investment from MBA since they are the greatest in Nigeria paying investors 180% per annum

As my mentor will always tell me, that every investment is a risk but never invest in an investment that the risk can't be calculated. You should always go for the lowest risk and with securities guaranteed.

I have studied some top Nigeria Investment portfolios and I discovered Real Estate Landbanking happens to be the best because of its lowest risk and securities around it.

You invest in Landbanking and get ROI of 36%, a legal deed of investment would be issued, post dated cheque of your capital and interest issued, Aiico Insurance on your capital issued, and Copy of Land documents as a CO owner of the land banking.

Lands are purchased by a real estate company with your money, package and alllow to Appreciate in a short while and they sell, then share money among investors.

What kind of investment can be safer than Landbanking yet some people wants to double their money in 24hours if possible.

I have a friend who withdrawn his money from Treasury bill and invested in the Landbanking, the beauty of it is that you can even get an upfront interest payment but T&C apply while you get capital at maturity date.

Think of the 36% interest return, Treasury bill, Shares and Stock do not give up to that amount and they also crash at some point. Example is during the Pandemic. Real estate was stronger and resilent.

If you invest #5.1m , you will get #1,836,000 interest less withholding tax of 5% only.

Salary will make you rich but Investment is what makes you Wealthy and remain Wealthy.

I can give you more details if you wish
Call or WhatsApp me 09085842255

Land banking is good for people with a lot of idle money but not for the man who needs to receive something on a monthly basis to settle his living expenses.
And then there is the issue of land grabbers and those who sell the same land to 4 different people. One solution may not fit all investors.

One chance

Lazyyouth4u:
Oga, any company that is not publicly listed is not obligated to share its financials with the members of the public on the pages of newspapers. Of course they must share with regulators but other than the regulators, they are only obligated to share with their shareholders. Key word ‘obligated’.

The key question people should be asking is who regulates these guys and what are the regulators saying. Instead of asking the guys for their financial statements and other documents, you should be asking questions from the CBN, SEC or whoever is regulating them. The regulators should be monitoring and auditing their activities and financials.

I will never be caught investing in something as risky as forex or forex trading. Besides, anything that looks or smells like a pyramid scheme, I run away from.

By the way, that link is not for Heritage Bank Nigeria.

I have to comment here today because this is one person that have correct sense here.

All of you that have anything against MBA should carry your frustration and vent it on the regulators just as the man I quoted above suggested.

Carry your frustration and face the SEC that has failed to develop a framework to regulate Forex trading in Nigeria.

That Jobless Jabolo is here lying that MBA refused to register with the SEC ......

How do you register with a body without a framework to regulate you ?

Handling money from the public is not a prerequisite to be regulated by SEC.

if it is, then even the common Thrift collectors would be required to be regulated by the SEC.

If it is, then the Osusu cooperatives we have in our local markets that help market women with soft loans, would be required to be regulated by the SEC .

Jabolo, show your gang here the link to the SEC guidelines that is meant to regulate Forex trading in Nigeria ........... show them or forever keep silent

You better carry your frustration and face the SEC........ And start looking for work because this your Joblessness is taking it’s toll on you.

The end is near, a smart way to shift responsibilities

Lazyyouth4u:
Oga, have you ever seen the audited reports of Jaiz Bank and Providus Bank in the newspapers? What about Heritage Bank? Don’t they receive deposits and funds from the members of the public? Why don’t you go to them to demand their audited reports and see if security men no go throw you out inside dirty smelling gutter? Zenith Bank is a publicly listed company and that is why it must publish its annual reports for the members of the public. Privately held banks must file their reports to the regulators but not to the members of the public. A whole billionaire entrepreneur and serial investor like you should know that na .

For your info, I have never invested in any forex scheme and will never invest in them as I do not believe in forex trading as an investment. So don’t even come at me with that crap.

You missed it. Jaiz Bank is a publicly listed company their audited reports must be public for all to see. For Providus Bank, the people (the investors) that have something to loose there must have a way access to their audited reports if and when they so desire to be able to act when need

Banks customers these days does not loose money. The worst that has happened since Prof Charles Soludo's era at the CBN till date is another bank taking over with the the depositors money intact. The losers are mostly the shareholders/ the business owners.


Financial institutions (Banks) in Nigeria today can merge or get acquired by their peers if they are to go insolvent. They can also be taken over by AMCOM, get some money injected into them and make them a going concern before selling it again. AMCOM takes over the management of their assets and liabilities. They is also a maximum insurance of N500,000 for the bank customers incase anything happens.

Customers are different from shareholders/owners of the Investment. That a customer fixed money, request for loan or asset financing from the bank does not make him a shareholder in them.

With Ponzi, the highest regulation their agents can boast about is mostly registration of company with CAC. That's is not tenable when it comes to Financial Institutions in Nigeria. When the bubble burst, the customer money goes. Unfortunately, customers too are seeing themselves as shareholders whereas they are not. Nothing protects a customer in Ponzi. No known access to take over because at best they only open one shop in Lagos, Abuja, Portharcourt and Kano; furnish them well to convince customers and when their target is met, they stop going there.

freeman67:
You missed it. Jaiz Bank is a publicly listed company their audited reports must be public for all to see. For Providus Bank, the people (the investors) that have something to loose there must have a way access to their audited reports if and when they so desire to be able to act when need

Banks customers these days does not loose money. The worst that has happened since Prof Charles Soludo's era at the CBN till date is another bank taking over with the the depositors money intact. The losers are mostly the shareholders/ the business owners.


Financial institutions (Banks) in Nigeria today can merge or get acquired by their peers if they are to go insolvent. They can also be taken over by AMCOM, get some money injected into them and make them a going concern before selling it again. AMCOM takes over the management of their assets and liabilities. They is also a maximum insurance of N500,000 for the bank customers incase anything happens.

Customers are different from shareholders/owners of the Investment. That a customer fixed money, request for loan or asset financing from the bank does not make him a shareholder in them.

With Ponzi, the highest regulation their agents can boast about is mostly registration of company with CAC. That's is not tenable when it comes to Financial Institutions in Nigeria. When the bubble burst, the customer money goes. Unfortunately, customers too are seeing themselves as shareholders whereas they are not. Nothing protects a customer in Ponzi. No known access to take over because at best they only open one shop in Lagos, Abuja, Portharcourt and Kano; furnish them well to convince customers and when their target is met, they stop going there.

Thanks. I didn’t know Jaiz Bank was publicly listed. But we are actually saying the same thing. Only publicly listed companies are required to publish their reports to members of the public. Private companies are only obligated to share with their shareholders and regulators.

And we are on the same page as far as regulation. Who is regulating these guys and what are they doing in terms of licensing, auditing and monitoring to ensure that these are credible businesses? I think they are the ones that people should be asking questions about these forex trading guys. If they are doing legitimate businesses, then anyone investing goes in knowing that it is high risk and that they can lose all their funds as forex can be very volatile. This applies to any high yield investment provided they are legit businesses and not just Ponzi schemes to steal money from the members of the public.

And you are right that at the end of the day, regulation still doesn’t stop people from losing their hard earned money. There are banks that despite being regulated went under after stealing depositors funds and committing all kinds of fraud.

If only those who put their money in MBA know the legal implications of this move by MBA.

I just dey laugh.

EmmymTr:
You are saying this out of hate, because you didn't Succeed in your own scam that's why you are discouraging people not to invest.

MBA Trading is a Financial institution that trade forex and train people who are willing to manipulate the forex global market.

Talk is cheap,only fools listen to advise from fools!

Pls where is there office in Lagos. Howegit is their operation. What if they off tomorrow, how can we track them.

oneal10:
Pls where is there office in Lagos. Howegit is their operation. What if they off tomorrow, how can we track them.

MBA is not shutting down their offices just because another company acquired majority of its shares. That is to say, should you have any need to go to MBA office, the one you know is still there for you.
Guineas PLC, a company with the largest brewery in the world, established in the 1850s was acquired by Diageo in 1997. They are still Guineas and their offices remain. Fear not.

rafindo:
.
I will send you my business case of the one I did. Maybe you can learn from me. My email is secarto7@gmail.com

ello. I sent you a mail but you haven't replied me. Thanks

Zezit:


MBA is not shutting down their offices just because another company acquired majority of its shares. That is to say, should you have any need to go to MBA office, the one you know is still there for you.
Guineas PLC, a company with the largest brewery in the world, established in the 1850s was acquired by Diageo in 1997. They are still Guineas and their offices remain. Fear not.

Such mergers or acquisitions are regulated and approved by SEC, the transaction are made public, the share exchange ratio and acquisition costs are made public, shareholders are carried along and must approve the deal after they must have held a court ordered meeting.

emmanuelewumi:
Such mergers or acquisitions are regulated and approved by SEC, the transaction are made public, the share exchange ratio and acquisition costs are made public, shareholders are carried along and must approve the deal after they must have held a court ordered meeting.

Exit plan .....smart guy .....investors will go to uk to file cases against the New phantom investors ......if dem give una visa

Red flags, even when ignored, do not go away.
They laid off staff some months back, now they have been acquired by a travel and real estate agency
The government should do more than warn citizens against ponzi schemes. They must be stopped from operating.

shalomblue:
Red flags, even when ignored, do not go away.
They laid off staff some months back, now they have been acquired by a travel and real estate agency
The government should do more than warn citizens against ponzi schemes. They must be stopped from operating.

As our National Pledge goes... "I pledge to Nigeria my country..." to do what I can within the ambit of law to hold these people to account no matter how sophisticated the scam they may be planning.

There are many many tools to bust scams in the UK.

Sadly, don't think I can help the folks in Nigeria much when this goes down.

ahiboilandgas:
Exit plan .....smart guy .....investors will go to uk to file cases against the New phantom investors ......if dem give una visa

Chai, your comments make me fall as l head to Emirates stadium