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Truth801's Posts

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TravelRe: Swedish University 2017/18 Admission Hopefuls by Truth801(m): 4:26pm On Mar 25, 2017
wat site can I apply for admission ?
PoliticsRe: El-rufai Trying To Present Himself As Alternative To Buhari – Shehu Sani by Truth801(m): 5:26pm On Mar 18, 2017
confused party
Jobs/VacanciesRe: D-s Empire Invitation by Truth801(m): 5:56pm On Mar 09, 2017
Nyerhovwo101:
did u attend
No. How about you ?
Jobs/VacanciesRe: D-s Empire Invitation by Truth801(m): 7:36pm On Mar 06, 2017
I did but dont know how legit they are
Jobs/VacanciesRe: Arthur Jarvis University Invitation For Interview Lets Meet Here by Truth801(m): 4:34pm On Feb 01, 2017
08033162050
Jobs/VacanciesRe: Arthur Jarvis University Invitation For Interview Lets Meet Here by Truth801(m): 4:35pm On Jan 31, 2017
I was invited as well. I'm based in benin city, who is with me ?
EducationRe: Indonesian Government Scholarship Anyone Applying For It by Truth801(m): 9:17pm On Jan 27, 2017
what is the website ?
PoliticsRe: Northern Governors Hold A Meeting With Buratai & NSA Monguno (Photos) by Truth801(m): 8:46am On Jan 26, 2017
For once I hope the rumour is true
EducationRe: Top Five Reasons Why Students Miss Out Of Scholarship Opportunities by Truth801(m): 2:28pm On Jan 14, 2017
Superbrain:
I totally agree with you Aliyu because I've personally experienced both situations. In 2009 after graduating from university, I really wanted to study abroad for an MSc. I ended up using all my savings (almost 200k) to write the GRE, TOEFL and pay numerous application fees. Things didn't work out on the scholarship end despite all the hard work so I decided to take a break, work a bit but still pursue my dreams.

Fast-forward to 2015, I had saved up a lot more and now decided to pursue an MBA. Experience had taught me to be tactical and I was finally able to do my MBA last year all on a full scholarship. While finances may be a limitation, it's all about planning and staying focused. I could have given up after 2009 if I wanted to (by the way, I didn't have a job then and my financial situation was not good).

Just like the OP mentioned, the reason most people do not get opportunities is because they do not attempt in the first place. It takes a lot of work and grit to go after some scholarships but in the end, it all pays off. There is free money to pursue one's dreams but that money needs to be gotten with hard work and tenaciousness. Therein lies the true value of the scholarship.

Believe you can and pursue with all you have. Once you are focused on your goals and plan accordingly, you would achieve whatever you want. Delay is definitely not denial though delay can take a while, longer than we anticipate sometimes.
Can you please provide me with some local postgraduate scholarship programs
EducationRe: Top Five Reasons Why Students Miss Out Of Scholarship Opportunities by Truth801(m): 2:22pm On Jan 14, 2017
Can anyone here please help me with local postgraduate scholarships that I can apply for ?
PhonesHow To Tweak My Infinix Hot 2 Phone by Truth801(op): 11:13am On Jan 13, 2017
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
NYSCRe: 5 Things To Do After NYSC - Make Sure You See This! by Truth801(m): 5:52am On Jan 12, 2017
You have been of great help to me. Thanks a lot
PoliticsRe: Fayose Blasts Buhari, APC And Magu On AIT Today by Truth801(m): 7:16pm On Dec 30, 2016
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
Christianity EtcRe: Overcoming Youthful Sexual Lusts by Truth801(m): 6:03am On Dec 26, 2016
advocate666:
Please do not listen to this op.

Youthful lust is natural. Don't fight nature. Embrace it.

When you are old, it's too late.

Enjoy your youth.

Ecclesiastes 11:9

You who are young, be happy while you are young, and let your heart give you joy in the days of your youth. Follow the ways of your heart and whatever your eyes see,
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:
Please do not listen to this op.

Youthful lust is natural. Don't fight nature. Embrace it.

When you are old, it's too late.

Enjoy your youth.

Ecclesiastes 11:9

You who are young, be happy while you are young, and let your heart give you joy in the days of your youth. Follow the ways of your heart and whatever your eyes see,
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:
Please do not listen to this op.

Youthful lust is natural. Don't fight nature. Embrace it.

When you are old, it's too late.

Enjoy your youth.

Ecclesiastes 11:9

You who are young, be happy while you are young, and let your heart give you joy in the days of your youth. Follow the ways of your heart and whatever your eyes see,
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
PoliticsRe: US Blocks Nigeria's Arms Purchase Deal From Brazil. by Truth801(m): 5:38am On Nov 13, 2016
karma
Christianity EtcRe: Apostle Suleman Preaches Under The Rain (photos} by Truth801(m): 10:26am On Oct 16, 2016
Weather is not a barrier to the preaching of the gospel. Bless the Lord oh my soul
PoliticsRe: Germans Mock President Buhari Over Comment On Aisha Belonging To The Kitchen by Truth801(m): 11:25pm On Oct 15, 2016
That is what we get for failing to mandate him to partake in the presidential debate.
PoliticsRe: Chief Justice Of Nigeria Berates Buhari In Face-to-face Meeting At Aso Rock by Truth801(m): 6:35am On Oct 12, 2016
interesting
PoliticsRe: Obaseki Holds Thanksgiving In Church For His Electoral Victory (Photos) by Truth801(m): 10:27am On Oct 03, 2016
celebrating apc's successful rigging u mean ?
PoliticsRe: Breaking news:Patience Jonathan press conference by Truth801(m): 11:37pm On Sep 28, 2016
noted
PoliticsRe: Edo Decides: Live Updates, Results And Situation Report by Truth801(m): 2:21pm On Sep 28, 2016
noted
PoliticsRe: Edo Governorship Election 2016: Live Updates (Pictures) by Truth801(m): 9:44am On Sep 28, 2016
Dasini:
This dude that said someone just called that PDP is leading somewhere is an addicted liar, accreditation will still be on by now, have been part of the process before, you have to end accreditation before voting can commence. This is just 9am, for those who know the process am sure will agree with me that it can't be so. How did you know a party is leading when they have not voted not to talk of finished. These are the people who write nonsense, in the next few hours you will see this same ediots saying they have rigged it, that the result cant be real. They are paid to raise unnecessary dust, to tag the other party as evil or riggers, whereas they are out for their evil. Funny enough, how many voters even come on nairaland, the market women and many other edo citizens don't even know if nairaland exist. Election is never won on nairaland, we have seen this from several past elections in this country that they make so much noise, but the end will justify the means.
In the new system, accreditation and voting are done simultaneously. knowledge is a shield
PoliticsRe: Edo Governorship Election 2016: Live Updates (Pictures) by Truth801(m): 9:44am On Sep 28, 2016
Dasini:
This dude that said someone just called that PDP is leading somewhere is an addicted liar, accreditation will still be on by now, have been part of the process before, you have to end accreditation before voting can commence. This is just 9am, for those who know the process am sure will agree with me that it can't be so. How did you know a party is leading when they have not voted not to talk of finished. These are the people who write nonsense, in the next few hours you will see this same ediots saying they have rigged it, that the result cant be real. They are paid to raise unnecessary dust, to tag the other party as evil or riggers, whereas they are out for their evil. Funny enough, how many voters even come on nairaland, the market women and many other edo citizens don't even know if nairaland exist. Election is never won on nairaland, we have seen this from several past elections in this country that they make so much noise, but the end will justify the means.
In the new system, accreditation and voting are done simultaneously.
Jobs/VacanciesRe: How To Successfully Apply For Federal Civil Service Commission Job by Truth801(m): 11:11am On Sep 24, 2016
After submitting the eleventh page, the next page that came up was the "Application successful page" instead of the twelfth page. I am confused
InvestmentRe: What You Can Do With $2(#650) In This Economic Reccession by Truth801(m): 7:11am On Sep 15, 2016
eghosakelly@gmail.com
BusinessThe Truth About Mmm by Truth801(op): 10:16am On Sep 12, 2016
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).
PoliticsNigerians Vent Frustration Against President Buhari by Truth801(op): 5:41am On Sep 11, 2016
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

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