5 Categories Of Nigerians That May Die If MMM Crashes
According to Wikipedia, 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.
t is also vital to note that 50 investors in MMM committed suicide in 1994 after it crashed. The police closed the offices of MMM for tax evasion on July 22, 1994. The company tried to continue the scheme but the business shut down.
Now that Nigerians have taken to MMM in a huge way, who are some kinds of people that will feel the brunt if MMM crashes?
1. Nigerians who resigned their jobs
While it is quite strange, there have been stories of Nigerians who left their jobs because MMM started paying well. These set of people feel that MMM is a more easy way to make money and so they have quit their jobs.
If the scheme crashes today, this set of people will be left with no means of income and no job.
2. Nigerians who invested their savings
The news that MMM is paying has led many to invest their entire life savings in the hopes that they will get huge returns based on the percentages. What happens when the scheme collapses? Losing their entire life savings is something that will lead to huge problems for many Nigerians.
3. Those who sold their property
In the hopes of huge returns, many Nigerians have sold their properties and put the money gotten into the MMM scheme. Lands, homes and other investments have gone into the scheme. What will happen to such people when it crashes?
4. Those who got married with MMM money and no jobs
There have been stories of young men who upon getting their first MMM payment, decided it was time to settle down and get married. What happens when the MMM money dries up?? They will find it difficult to cope, if they do not have an extra means of income.
While this might sound strange, there have been stories like this: “Some bankers who usually invest as much as N10m out of customers’ savings just to get a profit of N3m in return. We recently heard the story of a bank manager who committed suicide due to debt.”
To round up, this quote is fitting to represent the situation of Nigeria as regards MMM.
“It is easier to find a virgin in Nigeria than to find a non MMM particiP@nt.” – Arinze Esomnofu
MMM Nigeria Freezes All Members’ Money
Panic rocks members of the Ponzi scheme, MMM Nigeria over a freeze on all money in the system.
The shocker came early Tuesday morning as a the system placed suspension of members’ cash till next year.
According to the statement, the Ponzi Scheme administrator said the reason for the Freeze is to avoid risk at this festive season.
MMM Nigeria Member Login Problems , Are you one of us using ,MMM , and are you one of the people asking questions if MMM Is Real or Scam , please know that as at the Time of Publication that MMM in Nigeria is still paying very well. Now if You are one of the people that usually Complain to me via mail box asking me the solution to alleged “MMM Nigeria Member Login Problems” , please note that i have not faced any issue trying to,login Via MMM. Now if you have , kindly use the Comment Box below to state your issue or issues , i hope that our pro MMM Users on the Forum Can help you out.
One of my Friends who had the “MMM Nigeria Member Login Problems” tried changing network and it worked for her , please try and change your network that your normally use to login and see if any changes was notices , if at all , please use the Comment Box below to state your experience.
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