NewStats: 3,262,228 , 8,176,523 topics. Date: Sunday, 01 June 2025 at 12:53 PM 1d370

HenryThegreat1:
. bros u are jobless. go find work or u may send ur cv lemme assist u. don't ur mouth to share meat u don't eat. face ur life. imagine a Nigerian calling people greed. nairabet and...... where is ur betting shop.

Thank you for letting him know. We are in a save country where things are high and no job . product are very high. U can't even use 1k to cook food again. And u come here to call greed. Go and provide job for people. And see if anybody would . Even if they did it won't be much. Make things very cheap and see people living happily without ponzi. I am even thinking of how to do money ritual sef or scam some1. Mtcheew

Pierocash:
Op your problem is stingyness and lack of proper orientation on the topic u are writing about.Mutual Aid isn't a Ponzi Scheme as the media make u believe.Mutual Aid can survive evn without new memebers as lond as the old memebers are interested in the scheme,it is sustainable as long as the rules guiding every of the platforms are well tightened.It is a transaction that everybody gain and no loser if the platform is well guided.
It is not laziness like u claim but innovation and financial inteligence born out of high level calculation that u must not sweat to make money but putting ur resources to work for u.if mutual aid is Ponzi,then Co-operative society is also Ponzi

Bros... Ponzi scheme went on fine until it crashed itself with an unexpected halt in December of 2016. Media hadn't attacked them yet na...

In a bid to hit FP una just dey write gibberish!what concerns u and those who chose to do it.na ya money?y'all wrote about mmm now its back and functioning.oga go and get creative!

Ponzi can never last forever it's just a matter of time before they crash. It might take years but it will definitely crash. Although it has help some people to survive in this recession caution should be taken.
Ponzi scheme has also made some Nigerian lazy because we are all looking for easy and quick money. I have seen hundreds of Ponzi website spring up. I heard about some people that create a Ponzi website to scam people of their hard earn money. If they could put this creativity in creating something of value to offer to people rather than how to steal. And for the participants, they just want to make quick 30% profit from doing nothing.

EPISTUUUUUUUUU

HenryThegreat1:
. bros u are jobless. go find work or u may send ur cv lemme assist u. don't ur mouth to share meat u don't eat. face ur life. imagine a Nigerian calling people greed. nairabet and...... where is ur betting shop.

U go don sabi the pple wey use dier ause rent for MMM!!!!
Ntorrrhhhh

story for the gods. most of the participants are better than you and are hard working than u. because u can't take risk does not mean others cant. nobody ask for your pity. even the ppl around you that didn't do ponzi scheme and are in need, how av u pitied them. who ur pity EPP. the only regret I have is that I didn't start earlier, I made money from it, even though I started it late. am on another one and am making my money whether you like it or not. @least, out of the money from ponzi scheme, I can boldly say have helped ppl around me when they ask for my help. shikena. ponzi schemes pays.

https://www.youtube.com/watch?v=L-vL9ROZZ08

I just hope all these greedy people would just agree and learn from their experience.
Ponzhi is not Business!

@OP which one is beta BETTING OR PONZI?

Rolly83:
Hello all if your money is in Twin..Kas forget it...Your money is gone!!! Pls don't invest in Ponzi schemes!!!

Twin.....Kas pay bro.

Solmax:
I just hope all these greedy people would just agree and learn from their experience.

What you don't know is that their experience is what is driving them into it the more.

Business is risk!

jude33084:


What you don't know is that their experience is what is driving them into it the more.

Business is risk!

Sorry but Ponzhi is Fraud and Not a Business

what of people that got paid largely and nw they have hope of Living again? Op please what will u call them?

jetroolowole:
The problem with Ponzi scheme or 'Mutual aid' is the source of the investment. We have read a lot of stories on the internet take for instance the MMM scheme. Many students used there school fees, pastors use their ministry money, people borrow money to , other use money entrusted to them. The list is endless. Now tell me, do you think these people when they get their investment back (if they do), will re-invest? They, won't because the money was initially meant for another purpose. So, it is more like 'get in' and 'get out' quick.

Don't get me wrong, I am not trying to discredit people for being innovative, I am only emphasizing a universal truth.

Not just a universal truth, it is the sound truth. Most Nigerians (not all) are just too daft. It is just so clear. But they won't listen. Any truth you tell them, in the stead of disproving you with a superior argument they will just start attacking your person. So many unenlightened educated people.

@jetroolowole, my brother, leave matter for mad Mathias. Just reading some responses to this thread tells one that in addition to greed and laziness, stubborn foolishness is also a factor to falling victim. The world will always always need fools.

I always wonder whether it is Nigeria that has turned people into unthinking animals or whether these traits are inherently writ large in the beings that forms the population of Nigeria in the first place. Chicken or egg, which came first?

The OP is right sha but he also must emphasize the effect of hard work in the wrong direction which may even be more worse than ponzi scheme. It may also lead to hard life.

They would say it is not your money and you should only put spare money in it.

With betting, you know that you can win or lose BUT with ponzi people always expect to win and when the ponzi crashes it becomes a big problem.

segebase:
@OP which one is beta BETTING OR PONZI?

jetroolowole:

It's good you color it mutual aid. Ponzi schemes sometimes commence operations as legitimate investment vehicles, such as hedge funds. For example, a hedge fund can degenerate into a Ponzi scheme if it unexpectedly loses money (or simply fails to legitimately earn the returns promised and/or thought to be expected) and if the promoters, instead of itting their failure to meet expectations, fabricate false returns and (if necessary) produce fraudulent audit reports.

When a Ponzi scheme is not stopped by the authorities, it sooner or later falls apart for one of the following reasons:
1. The promoter vanishes, taking all the remaining investment money.
2. Since the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme collapses as the promoter starts having problems paying the promised returns (the higher the returns, the greater the risk of the Ponzi scheme collapsing). 3. Such liquidity crises often trigger panics, as more people start asking for their money, similar to a bank run.
External market forces, such as a sharp decline in the economy, cause many investors to withdraw part or all of their funds.

Now comparing it with a co-operative society is wrong. A co-op is "a tly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its for their mutual benefit, typically organized by consumers or farmers." Cooperative businesses are typically more economically resilient than many other forms of enterprise, with twice the number of co-operatives (80%) surviving their first five years compared with other business ownership models (41%). Cooperatives frequently have social goals which they aim to accomplish by investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade as compared with 2.4% for other rival supermarkets. In co-op, there is reliable source of income and part of the return is what is used to finance the co-op.

If you check my write-up, I mentioned that History has taught us from time to time
that any investment business that rely only on new investors to survive without products can not stand the test of time.

Bro, the intelligence of these MMM crew at low level cannot comprehend all these, those at the high end of the scheme also will never want you to expose their fraudulent acts, all of them will only come up to either insult you or at best, discredit your write up with their usual nonsense

HenryThegreat1:
. please ur full name. because only jobless looking for front page in nairaland will have time like this to write u don't really know. do u know that mmm Nigeria is still paying?

Mr man, give it a rest. Why are you personalising this this piece of information? You're a ponzi investor or creator, we get it. But if you think that you don't this information, just move to another thread.
Why would any honest person insist on making it in life by making others cry or even commit suicide? Get a life bro, you're irritating.

DonHummer:
I don't really think so,
majority of participants are working class people but are looking for other ways to augment their income which wouldnt require much of their time in this difficulty enonomy, does that make them lazy and greedy?
I rather you call them risk takers

This is even worse than the case of unemployed ones. Working your a$s off, then put your life savings in a ponzi scheme. That's stupidity of the highest order!
Their decision is not influenced by the need to augument their income but the desire to earn unrealistic profits.

maasoap:

This is even worse than the case of unemployed ones. Working your a$s off, then put your life savings in a ponzi scheme. That's stupidity of the highest order!
Their decision is not influenced by the need to augument their income but the desire to earn unrealistic profits.

The worst culprits are even bankers! It got to a point the banks had to start warning staff to desist from the MMM Ponzi scheme

Kalman:


Bros... Ponzi scheme went on fine until it crashed itself with an unexpected halt in December of 2016. Media hadn't attacked them yet na...

hahaha!u sound funny.Media didnt attack what,they attacked MMM with venoms,infact they crashed MMM to whr it is today.Panic is the weapon of mass destruction injected into the system that chased ppl away.MMM was attacked for almst a year b4 they went on Pause mode which gave the media more stregnth to crash it.

Bitter truth. This is dead on arrival.

NubiLove:
With betting, you know that you can win or lose BUT with ponzi people always expect to win and when the ponzi crashes it becomes a big problem.

I lost more in betting than ponzi.....I tot I will next stop .. thank God for ponzi DAT diverted my attention from it

Ponzi scheme abounds in Nigeria. Those that are defending it are obviously those who benefit from it and are fleecing every other person. One can invest N500k in MMM and yet cannot set up a N50K poultry farm in their backyard. That is outright greed and laziness. The "smart" one will continue to fleece the rest of Nigerians until we all realized that it is all a grand ponzi.

MMM
Cryptocurrencies
Anything that mentions Rothschild family in its description

All fraud.

Hello,

Do you have a Volkwagen Vanagon bus? Are you looking for an Honest person to manage your bus? Or are you intrested in getting into senger Transport Business?

Owning a 14 sitter Volkwagen Vanagon can be a money spinner if managed by Experienced. And Honest Person.

I have 1 that is mine and 2 others that I manage for people, and business is doing very good.

I thought I can earn more if I increase the number of buses I'm managing. So this is an opportunity for anyone who own or want to own a 14 sitter Volkwagen Vanagon.

Ajah-lekki is where my buses are plying and that's where all others will be plying too.

And like already stated, maintenance is on us and we pay N100K per Month

Or make guaranteed 5% ROI every month + 10% Principal/Capital Amortization/Repayment
Per month when you Part-finance the purchase of a bus.

This is the best offer you can get anywhere!!!

My s:
[email protected]
08111595550
BBPin:2895029

jude33084:


Twin.....Kas pay bro.

Bro why haven't they pay me, pls any idea its over 23 days I am suppose to GH