Another
concerned Nigerian has written an interesting piece about the
controversial money-doubling scheme - Mavrodi Mondial Moneybox which
recently broke the longest 'Mannequin Challenge' record.
Have you ever had to exchange words with a die hard MMM member?
Those ones you look at while they are talking so passionately and you
wondering If they have brains at all or they are high on Oxycontin.
I am not at war with MMMites, I am a Nigerian and I know how hard
and difficult it is to live in a country. Where 1 dollar is 495 naira,
or where kerosene goes for as high as 500 naira.
Or where petrol sells as high as 145 naira and even on d vedge of
more increase. Our politicians and leaders are thieves and our financial
institutions are not helping us either
But in d face of all this, do we really need to start feeding on each other's flesh to survive?
MMM kills but yet, it is not illegal to engage in it, if you wish
to engage in it fine, but please stop insulting our intelligence and
cajoling other less Witty members of the populace with the following
ideologies
1. MMM operates on crowdfunding like seriously? Do
you even know what crowd funding is? Do you know crowd funding
conflicts with the main ideology of MMM which is "peer to peer system"
What is crowdfunding?
Crowdfunding is by definition, “the practice of funding a project
or venture by raising many small amounts of money from a large number of
people,
typically via the Internet.”
Yes, MMM involves members who are
friends,customers,colleagues,neighbours,that we know, but are we really
pooling resources together? Are we aiming for a particular sum in
capital to engage on a project for on MMM?
*Crowd funding must involve a central account(s) on which everyone
who wants to pool funds must pay into those designated account. Does MMM
have a central account? I thought you say it is peer to peer, so where
do you "pool" your funds?
*Crowd funding must have a perceived sum in view in which members can know how much has been pooled together at any time
Does MMM has this feature? Can we know how much has been invested in d system?
Crowd funding is an example of when we contributed for OJBs surgery
not each n everyone paying to individual accounts n calling it
crowdfunding.
2. MMM is like your local esusu or credit and thrift society: I laugh really, I heard this from a graduate n I was amazed.
Do you know how a reasonable credit society works?
A member contributes 1k for 5 months =5k, He asks for help. He can be allowed 100% of what he had put into the society. I.e 10k
This is where mmmites definition stops. They wont tell you that you are to payback the whole 10k.
You collected + interest even tho small like a meager 6% ontop. So,
you must payback 10,600 naira back into the society. Is this how MMM
operates? No, you put 5k in MMM u get 6500 + 20$ and you are not under
obligation to pay back.
Even when u desire to plough back u can decide to put in 1k, so
invariably you card away with the rest, but mind you, you still have 300
naira to enjoy from that your 1k at the end of d month. So, please
where is the balance in the system?
MMM operates on the basis of free money while credit society
operates on the basis of complete restitution with additional interest.
Payback for its members. So, please it does not work like a cooperative
society.
Even in the normal ajo u do in ur office. The fact that you collect
1st 50k from a 5 man ajo means you will pay back 10k in 5 months.
That is a balanced system of needs.
3. Provide help and Get help: This is what some use to deceive you
that u are a philanthropist in the system. That your name is in the hall
of fame as a benevolent member of the society.
You provide help of 100k and you in turn Get help of 130k. This is
what the Pharisees and Saducees will have engaged in in Jesus time
Sheer hypocrisy. You are only robbing someone in a digital sense
cos your 30k is not justified on any ground. This is why this scheme is
plain immoral even though not illegal.
4. MMM has made people millionaires, it saves lives (financial independence) : guys no one is disputing you can make millions on MMM
Someone said if not for MMM he/she would not have gotten his present job. He had excess money from someone that has
Just paid him and as such could travel to a distant place to take
an interview. MMM helped him do a world class wedding, buy his first
car, complete his new house, revive his business.
Yes, it does this. But for each n every of those success stories,
lies hundreds of people with woes tale. How different are you from that
person that went to do juju so other people's success will come to him?
You have only gained n enriched yourself with other people pain and poverty. You my friend are killing people's destiny.
5. MMM is a business/investment after all you have seen from 1-4 I need not beat too much about this, it is neither both.
You just climbing other people's head to make it, my brother, it's a
desperation for money that is driving you into this. The same
desperation that makes people do money rituals and sell human parts for
money.
Yours however is a digital and online ritual, that is how bad it is
if u let your mind free n see MMM and others for what they are.
Gone are the days people post life changing information on
investment and business section. A lot have learnt skills and trade on
NL here, I personally learnt importation and graphic designing here.
I learnt hardcore excel here, I got ideas from smart people here,
but it's all on a decline because of MMM. All u see is, invest 1000 and
get 100,000 in 24hrs, please all this must stop, if MMM dies, they all
die too.
And intuitive people can come back online to share ideas. Let's use
wisdom to help ourselves out not feeding on each other through useless
referral bonuses. It's killing our creativity.
Thank you.
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