₦airaland Forum

Has anyone checked and confirm any Bayelsa state number here, because all the ones that I have been checking is "invalid/wrong number" including mine.

MMM reacts to public scrutiny, re-opens accounts, existing members lose 80% of their money

Earlier today, MMM East Africa, MMM Global Zimbabwe’s parent organization, released a public statement on its website.
The statement gave notice to all members of the immediate suspension of its account freezing process, 9 days earlier than initially scheduled (accounts were to be reopened on the 15th of September).
The statement read:
MAVRO FREEZING IS CANCELLED!
05.09.2016
Dear participants!
We are glad to inform you that from now on, all the types of Mavro freezing are COMPLETELY CANCELLED – both the freezing of bonus Mavro (except Registration Bonus and Bonus for Testimonial Video) and the freezing of the contribution itself! Your bonuses and contributions are available for withdrawal instantly upon confirmation.
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Things are going so well in the System that there is no need in Mavro freezing any more.
Yours sincerely,
Administration
Together we change the world!

The suspension of the account freezing process comes off the back of increased public pressure, government scrutiny, and mobile money platforms distancing themselvesfrom it.
The Reserve Bank of Zimbabwe issued a press statement warning the publicnot to get involved in schemes like MMM citing that in the case of loss of money, they had no legal precedence to assist affected members.
This was followed by a press statement from Econet’s EcoCash (mobile money) division effectively distancing themselvesfrom MMM and any other illegal activities its users participate in.
The move by MMM East Africa has created a fair bit of panic and confusion within the MMM Global Zimbabwe ranks.
Unfreezing of accounts could lead to a chain reaction of panic withdrawals as MMM members continue to grow speculative and frustrated with the system.
Also, there have been reports that the exchange rate of Mavro-to-USD has been affected, changing from $1-to-1 Mavros to $1-to-5 Mavros.
Mavros is MMM’s digital currency (your Mavros are calculated
We suspect the change in exchange rate is meant to prevent people from withdrawing as they could face massive losses of up to 80%.
But on the other hand, the change in the exchange rate could be to lure in new members promising that the exchange rate will stabilize back to 1-to-1 by the 15th.
Some existing members are crying foul calling this drastic measure unethical as new members are being offered free money while they are stuck in the system due to their accounts losing 80% of its value.
An old member who put in $100 and got 100 Mavros is not the same as a new member putting in $20 and getting 100 Mavros.
An unverified MMM East Africa Administrator statement read as follows:

Dear participants!
First of all, we inform you about the immediate release of Mavros bought till August 10. The situation has become more stable so there’s no need to wait till September 15 and we can release Mavros now.
However, as the participants aren’t calm completely the early release will surely lead to the sharp increase in withdrawals that will put additional load on the system. It should be clearly understood. So, it’s necessary to take some stabilization measures in order to reduce the load.
That’s why, the discount rate has applied for Mavros bought till August 10. What does it mean? It means after GH request the participant won’t get the whole amount but the amount with this discount.
For this moment, the discount rate is 20% (0.2). For example, if the participant withdraws 50 Mavro-USD he will get 10 USD.
Once again we remind you once that this measure is temporary and required by the current situation. The discount rate can be changed or cancelled at any moment. In other words, the participants have a choice to get help instantly and get it with the discount or wait till the discount is cancelled for receiving the full amount. It’s up to you! Probably, you should wait. However, take into consideration that the rate can even be decreased (if the number of requests to GH will increase significantly).
The discount isn’t applied for Mavros bought after August 10. So, keep calm, keep on participating, providing help and inviting new members to MMM!
MMM paid before, pays now and will pay in the future! Together we are changing the world!
With hope for understanding,
MMM East Africa Administration
We suspect that MMM unfroze accounts due to pressure, but found a loophole to keep people waiting.
September the 15th is still D-day for MMM Global Zimbabwe.
Signs of its collapse are becoming more evident by the day, as we await what could be the final nail in the coffin come 15 September.

www.techzim.co.zw/2016/09/mmm-reacts-public-scrutiny-re-opens-accounts-existing-members-lose-80-money/#.V86U_-tw1EE

As a regular driver on the road. Do you drive with your original driver's license in your pocket, even when you have a laminated photocopy with you? Or you drop it at home? Assuming you have it in your pocket and you did not commit any offense and your documents are complete; but your instinct tells you that this police team or even road safety officials want to extort money from you. You will give it to them abi?
Because they 'v checked your vehicle and have not told you of your offense but insist that you submit your original Driver's License, which is unusual though.
But again what if you left it at home, what do you do, as they may brand they photocopy as fake.
In the light of this, do you drive with it or leave it at home for fear of losing it to day to day hustling?

cheehummer:
Hello house,
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Will be greatly appreciated.

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sammily:
From your info, the rate is about 12.78%

ok, thanks

sammily:
You need to tell us the duration (91, 182 or 364 days) to be able to calculate the rate.

364days

silvoice:
Is there tbill auction this week? Fbn just debited me for tbill today, which is d exact amount that i applied for on d 1st of june auction that failed.

wao FBN Just Credited me with interest of N63,916.27. For N500,000.00 tbill. Is this secondary market or was there an auction yestarday? What % is this?

Is there tbill auction this week? Fbn just debited me for tbill today, which is d exact amount that i applied for on d 1st of june auction that failed.

closed

@all, thanks. He really appreciates ur candid advice.

Project400:
Is he self-employed? What's the nature of the job?

he is self employed. But d issue is nt wheda it's good 2 work or not, or about nature of work. It's about saving the family from financial crises

5minsmadness:
She's being a woman, that's all.
She misses his company and her emotions are going haywire now that she's pregnant.
He should reassure her and spend some extra time with her whenever he has the chance, but he doesn't have to stop working on Sunday.

you've really spoken like a real man. Thanks

PresVA:
So he makes money for rent only on Sundays Smh...

Oga, you have to find a balance. .. Make out time for your family, simple...

EOD abeg...

thanks for the advise. He likes it when people talk of balancing work and family. That is what he has been trying to do for sometimes now but the need to increase income to ofset accumulating expenses is makin him sad.

crackhaus:
What kind of work demands his commitment even on sundays, every sunday?

this is a good guestion, U know that some business gives more money weekends, including sundays, than working days. His nature of business is also a factor

PresVA:
How much money is it you make on Sundays that you can't dedicate it to God/staying with your family?
Is staying with your family ONCE a week too much to ask? You have to find a balance between work and family life; really have to create time for your family...You wouldn't enjoy whatever money you make if your family isn't at peace...
You're lucky you have a wife that wants you around her....

Bottomline: I don't think your wife is "foolish" for asking you to stay with her just ONCE a week....
All d best...

u are right. But i guess nobody lov work more than relaxation. As a low income earner, assuming he listens to her. What wil she do when landlord comes knocking, and d money is not their. Like she'll say 'God'll provide' abi?

1kjobs:
He should skip church, stay at home with his wife and then go to work later in the day

she would not lik that option, cos it's a christian home. Though goin to church is not affecting him. 9a.m church is over, he goes to work at about 11a.m

With the current economic hardship, he goes to work on sundays, after church. But his wife wants him to stop working on sunday, because she feels lonely at home and thinks that it's not right as a christian. But he had to take care of the accumulating bills, especially now that she's pregnant. Pls is he being insensitive to her feeling or is she just being foolish as she's not working herself.

Happy new week, and take that your event planing easy. It will soon become a history: memorable in good photo -images

The assignment

Truth234:
Like I said, its unchanged .

I believe you, though is like you're an insider or part of the MPC team

Memorize this lovely moment

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With all these news, the zombies are reducing in number, many are now wailing. Choi!!

With all these news, the zombies are reducing in number, many are now wailing. Choi!!

With all these news, the zombies are reducing in number, many are now wailing. Choi!!

With all these news, the zombies are reducing in number, many are now wailing. Choi!!

With all these news, the zombies are reducing in number, many are now wailing. Choi!!

You made a valid point

I Lay a curse on anyone who defend politicians simply because he or she is benefiting from them, is from the same tribe or party. I don't care which side you belong to. PDP and APC are the same and their sycophants. Are mainly idiots who will all receive their reward when the time come. Indeed, #there was a country.

I Lay a curse on anyone who defend politicians simply because he or she is benefiting from them, is from the same tribe or party. I don't care which side you belong to. PDP and APC are the same and their sycophants. Are mainly idiots who will all receive their reward when the time come. Indeed, #there was a country.