According to Ewumi Adewale, an MMM user, the scheme will likely crash sooner than expected because of some issues plaguing the fraudulent platform.
There is so much hunger in the country and recession has forced almost every Nigerian to invest or put their money in one or two networking business. Out of all the networking sites, MMM is the largest and widely visited.
MMM promises a 30% bonus which they deliver to the participants after a month, with other bonuses after warning you to patronize with spare money. But what we are looking at today is how mmm will crash soon if nothing is done about these dangerous actions.
MMM crashing will not be a fault of government but a fault of MMM themselves- HOW
1. FAKE POP
2. NONCHALANT ATTITUDES OF CRO AND ADMINS
3. NEGATIVE ATTITUDES OF GUIDERS AND CONSULTANTS.
1. FAKE POP
Recently a lot of people has learnt how to dodge payment by uploading fake proof of payment online indicating they have made payment thereby forcing you to confirm them when you have not received any alert. They buy time and keep you tensed up. After 48hrs you write to CRO or ADMIN support excepting them to attend to your matter. They ask you to upload bank approved stamped statement, yet they do nothing. One week enters 2 and before you know it story comes in.
2. NONCHALANT ATTITUDES OF CRO AND ADMINS
When people say MMM CRO AND ADMINS have a lot of people they are attending to that’s why your case is not yet solved, i wonder. You can’t compare MMM to telecommunication companies who has large members but still they have a strong customer service. These CROS AND ADMINS see most of the tickets and complaints and they leave you there for 2 weeks or more depending on when they want to attend to your case. Sometimes they respond that your ticket has been closed and solved while nothing has been done. The MMM customer support system is bad and more favourable to scammers who knows that no action will be taken against them in weeks or months.
3. NEGATIVE ATTITUDES OF GUIDERS AND CONSULTANTS
Recently you can’t call a guider or consultant on the phone and they will pick. They ask you to whatsapp them. What if the person has no android phone to ping or chat. Some guiders don’t even know what to do when there downline has a problem, some guiders will also encourage some members to post fake pop, so who will attend to you when you have a problem- NOBODY. Go and ask your guider how his leadership bonuses are paid. They just credit his acc with mavro’s even though he didn’t provide help but gets large money from his downlines (whether the first downline (50℅) and other downliners. Better yet if you know any consultant ask them how their $450 is paid monthly it’s still by crediting their accounts without providing anything.
MMM user defends Ponzi scheme
Another user of MMM has come out to defend the scheme against the ‘negative’ publicity its currently getting in Nigeria. The user, Diana Orakwue, also took a jibe at Apostle Johnson Suleiman for his statements earlier in the week that MMM was ‘satanic’ and its users were ‘demonic’. She wrote;
I have avoided comments on the MMM issue because I felt many who have made negative comments are just ignorant about financial management. But when some men of God take it upon themselves to call the scheme demonic I became worried. Why? Who gave you the right to judge the financial judgment of another person? In response to these so-called men of God I want to make the following observations.
1. For centuries the western world has lured and continues to lure people into sports pool betting. Nigeria has joined the league of pool betting countries. Many have committed suicide as a result of loosing all their life savings in a single bet. What has these people said about pools betting? Is pools betting demonic?
2. Everyday on the Stock Exchange of every country in the world speculators trade in securities. For those who are current with this system of financial business they will know that it is actually the brain behind the MMM scheme. In a single day the currency of some countries can appreciate more than three times. A wise speculator will buy when the prices are low and offload them the same day when the prices appreciate. Some smart speculators make millions of dollars in day through this business. Are they demonic?
3. For every transaction you make in the bank you are charged some token money. For every mobile transfer for instance you are charged N100. Have you taken time to know what a bank makes a day from those charges? Does that make them demonic?
4. The average Nigerian politician buys your vote to get into power. Thereafter he steals the treasury dry. And come the next elections the same cycle is repeated. Are they demonic?
5. MMM claims to be a community of help givers. It has not forced you to join its fold. Who is demonic: the scheme or you that is berating the scheme?
6. MMM is based on the volume of money that passes through the system every day to make their profit. You can understand why a banker will condemn MMM because the banks will rather have that money pass through their system. So who is demonic?
7. Bill Gates the founder of Microsoft was a college drop out. Today he is one of the richest men in the world. When people condemn MMM on the basis of the antecedents of the founder I am amazed. When shall we learn to separate the message from the messenger?
8. Every man has a right to decide where to invest his money. The man who sows a seed of N1m with the hope of winning a contract of N1b is taking a risk. Let us refrain from calling people names just because what they believe in and practice does not fit into our myopic conceptions.
9. A man plants an hectare of groundout and makes N2m from it. Another man planted the same hectare and made N2000 from it. Do you conclude that the second man is demonic? No. The race is not to the swiftest but to God who gives the grace. Thus a man invests in MMM and makes millions and another does the same and looses his investment. Blame no one. Your time will surely come when you hit the jackpot.
10. The conclusion of the matter: let every man invest his money as his conscience directs him and let us stop the name-calling game.