Truth801's Posts
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wat site can I apply for admission ? |
confused party |
Nyerhovwo101:No. How about you ? |
I did but dont know how legit they are |
08033162050 |
I was invited as well. I'm based in benin city, who is with me ? |
what is the website ? |
For once I hope the rumour is true |
Superbrain:Can you please provide me with some local postgraduate scholarship programs |
Can anyone here please help me with local postgraduate scholarships that I can apply for ? |
Good day friends. I really want to know the steps involved in tweaking infinix hot 2 phone and also know the benefits and disadvantages if any. Thanks |
You have been of great help to me. Thanks a lot |
If your mother's man friend is stronger than your father, you
will be forced to address him as daddy. No doubt, I'm their
(APC) daddy.
LOL |
advocate666:Y did u leave the concluding part out ? Ecclesiastes 11 :9 Rejoice, O young man, in your adolescence, and let your heart cheer you in the days of your [full-grown] youth. And walk in the ways of your heart and in the sight of your eyes, but know that for all these things God will bring you into judgment. advocate666:Y did u leave the concluding part out ? Ecclesiastes 11 :9 Rejoice, O young man, in your adolescence, and let your heart cheer you in the days of your [full-grown] youth. And walk in the ways of your heart and in the sight of your eyes, but know that for all these things God will bring you into judgment. advocate666:Y did u leave the concluding part out ? Ecclesiastes 11 :9 Rejoice, O young man, in your adolescence, and let your heart cheer you in the days of your [full-grown] youth. And walk in the ways of your heart and in the sight of your eyes, but know that for all these things God will bring you into judgment. The Bible is not a boutique where u can select only what u feel like buying. Read it as a whole. Thanks |
karma |
Weather is not a barrier to the preaching of the gospel. Bless the Lord oh my soul |
That is what we get for failing to mandate him to partake in the presidential debate. |
interesting |
celebrating apc's successful rigging u mean ? |
noted |
noted |
Dasini:In the new system, accreditation and voting are done simultaneously. knowledge is a shield |
Dasini:In the new system, accreditation and voting are done simultaneously. |
After submitting the eleventh page, the next page that came up was the "Application successful page" instead of the twelfth page. I am confused |
eghosakelly@gmail.com |
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders. History MMM was established in 1989 by Sergei Mavrodi, his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders' surnames. Initially, the company imported computers and office equipment. In January 1992, tax police accused MMM of tax evasion , leading to the collapse of MMM-bank, and causing the company to have difficulty obtaining financing to support its operations. Faced with difficulties in funding its foreign trade, the company switched to the financial sector. It offered American stocks to Russian investors, but met with little success. Later, MMM-Invest was created for the purpose of collecting vouchers during privatisation. This effort was similarly unsuccessful. MMM created its successful Ponzi scheme in 1994. The company started attracting money from private investors, promising annual returns of up to one thousand percent. It is unclear whether a Ponzi scheme was Mavrodi's initial intention, inasmuch as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export. MMM grew rapidly. In February 1994, the company reported dividends of 1,000%, and started an aggressive TV ad campaign. Since the shares were not quoted on any stock exchange and the company itself determined the share price, it maintained a steady price growth of thousands of percent annually, leading the public to believe its shares were a safe and profitable investment . An important factor in the scheme's success was word of mouth, but most of the company's success came from its extremely aggressive ad campaign, which appealed to the general public by using "ordinary" characters that viewers could identify with. The most famous of them, a "folk hero" of early 1994, was Lyonya Golubkov . Another notable marketing effort was a giveaway of free Metro trips to all Moscow citizens on a particular day. MMM also was one of the first well-known companies in Russia with a logotype and slogans ("Flying from shadow to the light" and others). At its peak the company was taking in more than 100 billion rubles (about 50 million USD) each day from the sale of its shares to the public. Thus, the cashflow turnover at the MMM central office in Moscow was so high that it could not be estimated. The management started to count money in roomfuls (1 roomful of money, 2 roomfuls of money, etc.). Regular publication in the media of the rising MMM share price led President Boris Yeltsin to issue a decree in June 1994 prohibiting financial institutions from publicising their expected income. The success of MMM in attracting visitors led to the creation of other similar companies, including Tibet , Chara, Khoper-Invest , Selenga , Telemarket, and Germes . All of these companies were characterised by aggressive television advertising and extremely high promised rates of return. One company promised annual returns of 30,000%. On July 22, 1994, the police closed the offices of MMM for tax evasion. For a few days the company attempted to continue the scheme, but soon ceased operations. At that point, Invest-Consulting, one of the company's subsidiaries, owed more than 50 billion rubles in taxes (USD 26 million), and MMM itself owed between 100 billion and 3 trillion rubles to the investors (from USD 50 million to USD 1.5 billion). In the aftermath at least 50 investors, having lost all of their money, committed suicide . Several organisations of "deceived investors" made efforts to recover their lost investments, but Sergei Mavrodi manipulated their indignation and directed it at the government. In August 1994 Mavrodi was arrested for tax evasion. However, he was soon elected to the Russian State Duma, with the support of the "deceived investors". He argued that the government, not MMM, was responsible for people losing their money, and promised to initiate a pay-back program. The amount ultimately paid back was minuscule compared to the amount owed. [citation needed] In October 1995, the Duma cancelled Mavrodi's right to immunity as a deputy. In 1996, he tried to run for Russia's presidency, but most of the signatures he received were rejected. MMM declared bankruptcy on September 22, 1997. While it was believed that Sergei Mavrodi left Russia and moved to the United States , it is possible that he stayed in Moscow, using his money to change apartments regularly and employ a group of former special agents. With the help of a distant relative he started Stock Generation Ltd., another pyramid scheme based around trading non-existent companies' stocks in a form of the "stock exchange game" on the company's site, stockgeneration.com. Despite a bold-letter warning on the main page that the site was not a real stock exchange, between 20,000 and 275,000 people, according to various estimates, fell for the promised 200% returns and lost their money. According to U.S. Securities and Exchange Commission , losses of victims were at least USD 5.5 million. Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him (The criminal case consisted of 650 volumes, each 250-270 pages long). [citation needed ] At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007. [citation needed ] He later went on to creating yet another pyramid scheme called MMM-2011 . The MMM scandal led to increased regulation of the Russian stock market, but the legacy of the fraud led many to become extremely suspicious of any joint stock companies . In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a "30% per month" return through a "social financial network". [3] The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank .[4] In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg. In 2016, MMM launched a website targeting the Nigerian audience. In January 2016 the Chinese government banned MMM on the grounds that it is a pyramid scheme, (Ponzi scheme), and it is not registered in the country (and as a fraudulent scheme cannot be registered). |
Lagos (CNN) — It was supposed to be a rallying cry for unity in a nation deep in recession crisis. However the launch of President Buhari's 'Change Begins With Me' campaign quickly went south as Nigerians took to Twitter to vent their frustrations against his government. During a national address on Thursday, the president said: "The campaign principle is simple, each of us must live the change we want to see in our society." He added: "Before you ask, 'where is the change they promised us,' you must first ask, 'how far have I changed my ways." Angry Nigerians poured scorn on the initiative. Some felt the sentiment was tone deaf and failed to address the myriad problems Nigerians face on a daily basis. Top of that list is an economy in freefall and mass youth unemployment. http://edition.cnn.com/2016/09/10/africa/nigerians-change-begins-with-me/index.html |