LAMENTATIONS: 'We put our school fees, project money in MMM' | Nigeria News Today. Your online Nigerian Newspaper

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The amount I invested in the MMM scheme was N100,000. I was expecting my 30 per cent profit when I got the news that our accounts have been suspended. It was a bitter news. Being a student, the fund was raised to pay my school fees and to meet other basic needs.


 It is a great risk but many students enrolled in the scheme to make profit and to live a better life. If MMM crashes, I would accept it as my fate. I will have to look for other ways to source my school fees. There is nothing I can do. I will only learn from it and not engage in such a scheme again.

— Ozadhe Russell, Civil Engineering department, LAUTECH, Ogbomoso

A friend introduced me to participate in the MMM scheme. Being a lucrative one, I decided to benefit too, having heard of the success stories. I invested N40, 000 in the scheme. The money is for my final year project and my feeding allowance. It will be very painful if MMM crashes. Considering my investment, it will be a big loss for me. My plan was to use the profits from the scheme to finance my final year project and to meet other needs. I am seriously praying that the suspension should be lifted so I can reclaim my funds.

— Faniyi Inumidun, Accounting department, AAUA

A friend in my department started talking about MMM excitedly. He said MMM was a new online business platform that credits you with 30 percent interest of your payment in 30 days. I said waoh! I never took interest in it until the need to tackle certain needs arose.

On Tuesday when the news that the MMM had been suspended came in, I was expecting bank alert of roughly N500,000. I raised the fund to participate in the scheme from my pocket money. If the scheme crashes, it will be a big loss to me. Just last week, I lost to an online business called ‘coin fever,’ it all happened within minutes. I have always known that MMM would crash soon. If it crashes, it will hurt me but life goes on. I participated in the scheme despite the risks to upgrade my life and to beat the current economy recession. There are so many financial needs to meet up with such as paying my school fees, buying text books and other learning materials as well as other dues in the school.

— Chukwunyere Chimobi, Electrical Electronics, FUTO

The latest investment I made in MMM was N100,000, but in total, I invested over N250,000 in the scheme. I got money to invest in MMM from other businesses that I run as a student. I didn’t have any special plan for the money I would make from MMM. With the profit, I would upgrade my lifestyle and improve my life. I had always known that it would crash one day as it is not a sustainable scheme. But I always prayed that my money doesn’t get stuck when it eventually crashes. I will feel the impact of the loss if it crashes. MMM is not my only business. I do other things that fetch me money.

— Martin Mundus Unakwe, Electrical and Electronics Engineering, FUTO, Owerri

A friend of mine told me to join MMM when I told him I needed some money. I decided to try my luck with the money. When I saw many students making money, I joined the trend. I actually participated in the scheme because I needed to meet up with some basic school needs. For example, when I offered to provide “help” of N50,000, in the following month, I collected N75,000, with a gain of N25,000 without working or stressing myself.

I basically invested in it because of the high return on investment. In this period of recession, it became a way out. I will say I belong to the lucky category of investors. I got all my money back last month before the accounts were frozen; I decided not to participate in it again because I was scared.

It is hard to believe that the money of other participants is going to be paid back. I hope and pray they lift the ban in January as they promised.

— Ifediora Sylvia, Federal Polytechnic, Bida, Niger State

Someone introduced me to MMM and he talked excitedly about it. I invested N30,000 in the MMM business. The money was what I made from a project I did for someone. Being a final year student, I am already preparing for graduation. I figured out that before my NYSC, there are things I could do if I have some cash. It will be painful if the scheme crashes Against an imminent crash, which I have been praying against, I will move on with life. This is because, from the outset, I understood the risk involved.Life is all about risk.

— Tunde Afuwape, Biochemistry, LAUTECH, Ogbomoso

Culled from Punch

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  1. Who is paying u for all these propaganda? So there is no good news about people that the scheme has changed their lives except the news of calumny and regrets...stupid people,...for your info MMM has turned my orientation and I now believe that I can make it...because the Government made me to believe and live in fear of uncertainty..i can never forget MMM....we are coming out stronger in 2017...by God's grace

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  2. If this so called blind investors in his unethical scheme are students truly then future of Nigeria doesn't depend to some of the youths

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  3. Which school in Nigeria has its school fees paid in December. those who used their fees to flex are now lying with MMM. very soon lier Mohammed will come and tell us that Buhari is failing because of MMM.

    ReplyDelete
  4. All these lamentations are completely faked to deceived mmm participants.

    ReplyDelete
  5. when next you want to invest, try n make wide consultations n seek expert opinions. Am pretty sure your guys didn't know much about Nospecto, Wealth Solution, penny wise n d likes way back in Nigeria. Else you guys would have thread carefully. Business itself is a big risk n am pretty sure you guys knew this before venturing into it. No need to cry over spilled Milk. I only pray that you guy will get your money back if not I will say you take heart and move on. Some will say they made it from d business, which is normal in any business. You win some you loose some.

    ReplyDelete
  6. Appeal to Journalists from Sergey Mavrodi
    Dear journalists, “analysts” and all kinds of “experts”!
    Please stop using MMM to gain cheap popularity. Leave us alone and let us work without interference. I’m just astonished by your irresponsibility and cynical attitude. Interests of millions of people, your fellow citizens are at stake. Don’t you have any sympathy for them? Why are you fueling hysteria around MMM and provoking a panic? Why are you doing this so diligently and persistently, what is your purpose?
    In fact, absolutely all your provocative and worthless articles and “analyses” (I said “worthless” because you do not have any real information about what happens in the System, and might have never had; you simply invent everything, fabricate it) are merely negative: “MMM has collapsed!!!.. MMM will not be working in January!!!..” etc. Are you intentionally presenting all of it in such a manner and whipping up tension by any means possible in order to increase the ratings of your publications and attract attention to them? Don’t you care about people at all?
    So, nothing has collapsed, and MMM will safely resume its work in January, as announced. Suspension of work for holidays is a usual thing, merely working moment, no more than that. It would have remained a normal, just a part of the usual routine, and might have gone almost unnoticed if it were not for your totally cynical and irresponsible attempts to advertise yourself, create a scandal out of nowhere, and make the most of this news topic in any possible way.
    Again, leave MMM alone and let us work. Nothing has collapsed, and MMM will perfectly resume its work in January. We Can Change the World!
    Sergey Mavrodi

    ReplyDelete
  7. Appeal to Journalists from Sergey Mavrodi
    Dear journalists, “analysts” and all kinds of “experts”!
    Please stop using MMM to gain cheap popularity. Leave us alone and let us work without interference. I’m just astonished by your irresponsibility and cynical attitude. Interests of millions of people, your fellow citizens are at stake. Don’t you have any sympathy for them? Why are you fueling hysteria around MMM and provoking a panic? Why are you doing this so diligently and persistently, what is your purpose?
    In fact, absolutely all your provocative and worthless articles and “analyses” (I said “worthless” because you do not have any real information about what happens in the System, and might have never had; you simply invent everything, fabricate it) are merely negative: “MMM has collapsed!!!.. MMM will not be working in January!!!..” etc. Are you intentionally presenting all of it in such a manner and whipping up tension by any means possible in order to increase the ratings of your publications and attract attention to them? Don’t you care about people at all?
    So, nothing has collapsed, and MMM will safely resume its work in January, as announced. Suspension of work for holidays is a usual thing, merely working moment, no more than that. It would have remained a normal, just a part of the usual routine, and might have gone almost unnoticed if it were not for your totally cynical and irresponsible attempts to advertise yourself, create a scandal out of nowhere, and make the most of this news topic in any possible way.
    Again, leave MMM alone and let us work. Nothing has collapsed, and MMM will perfectly resume its work in January. We Can Change the World!
    Sergey Mavrodi

    ReplyDelete
    Replies
    1. Criminal is talking. Let him come and have an office in Nigeria if its genuine. He wants foolish Nigerians to pay in more money in December so he can have more to clean out.

      Delete
    2. U are just shouting on what you don't know..... Sergey doesn't have anybody's money with him.....
      The money is with the participants and I still consider it better than other games(pool, bet, lottery e. t. c.) where there's pool of funds with someone.... The gain and loss in MMM are with the participants,who are in the risk ventures together, and not with anyone!

      Delete
  8. Why no office in Nigeria?

    ReplyDelete

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