Open letter from MMM to securities and exchange commission
OPEN LETTER TO SECURITIES AND EXCHANGE
COMMISSION (SEC).
MMM Nigeria is no scam.
MMM Nigeria is not a ponzi scheme as you claim it is.
MMM does not have a central account to store up peoples' money.
MMM does not receive money from participants.
If MMM is actually using peoples' money to pay the other,then ; have you ever thought of how the
creator of the platform benefits ? because this money is being paid directly into participants local
accounts by other participants so, who is scamming who ?
In another instance, you used the word lure. I want you to understand that there are terms and conditions and that every participant is able to
read and write as the system is completely internet based. I put it to you that participants are required to read and agree with this before
signing up so nobody is controlling anybody's mind up here.
We are no fools, we seek financial liberation.
The (SEC) says MMM does not have a tangible business model and its not registered with them.
"CLASSIC"
I see where all this blackmail is coming from.
MMM ended up threatening your financial houses with a superb package so you want a share of the dough, that is what all the noise about not
being legitimate is for.
I hear you're up and about (SEC) going viral on the state of MMM. Advising investors to distance themselves from MMM or bear the risk(s).
Thank you o! we already know that and as a matter of fact, risk bearing has become a household name in this never do well country.
Now lemme school you a little bit, our country is in a sorry state. If you must advice anybody or do something, please look elsewhere. There are
quite a lot out there to fix in other to change or remedy the situation of our useless economy.
MMM is not the cause of the crumbling Nigerian economy, it is rather people like you who continually feed fat on public funds and tax payers
money.
To cap it, the SEC might want to go f**k themselves but MMM is here to stay.
#getsomebrain
#Allinvestmentisrisk
#MMMpays
Securities and Exchange Commission, Nigeria(Sec) rejects MMM activities
TO WHOM IT MAY CONCERN.......
The Securities and Exchange Commission, Nigeria (SEC) recently rejected the activities of an investment scheme tagged MMM Federal Republic of Nigeria (nigeria-mmm.net). MMM has been widely regarded as a Ponzi scheme. The company claims to give 30 percent interest to their members each month and 10 percent upon referral of any new member. SEC warned that the company is not registered by the commission, and that business with them is high risk.
What you need to know about MMM’s Ponzi Scheme
MMM stands for Mavrodi Mondai Movement. The scheme was founded by Sergei Mavrodi in 1989 and was converted into a ponzi scheme. In 1994 the company went bankrupt and Mavrodi went into hiding until 2003. In 2007, a Russian court arraigned Sergei Mavrodi for defrauding 110,000 investors of 110 million rubies. He was sentenced to four and half years in a penal colony.
A Ponzi scheme is an illegal investment scheme where the person or organization running it pays returns to existing investors from capital paid into it by new investors, rather than profit actually earned by the company itself. The return to the initial investor is usually paid out of money paid in by new entrants.
Ventures Africa had a chat with one of MMM’s consultants simply identified as Daniel, he disclosed that the scheme already has 584, 627 members in Nigeria and that the numbers are increasing daily.
South Africa and China have banned MMM from their countries and warned citizens against it. The absurd thing is that when you join MMM, you do not pay your investment into a company account. Rather, you pay into a fellow members account, thereby making the probability of recouping your money, low.
Bernard Madoff, who organized the largest Ponzi scheme to date, conned about $65 billion from investors from all facets and was sentenced to 150 years imprisonment in 2009. In 1996, about 2000 people died due to losses made from a ponzi scheme in Albania.
Despite the warning by SEC, some Nigerians have continued to show their unrelenting willingness to invest in the scheme citing the ease that comes with it. However, everyone is seriously advised to beware of the scheme.
.
#InvestYourHardEarnMoneyWisely.
Visit_
Nigeria-mmm.net
A Dope tune is coming soon_"The Voice Nigeria"-Chike tells fans
Early this morning, @Official Chike took to his Instagram and Facebook page to re'assure of a dope tune coming soon from his hood.
He said "Hey guys its been a month now😊. U can Re-live my last songs on The Voice Nigeria with your callers guys. Get my banging cover of (No Woman No Cry & Pull over) as your Airtel callertune.
I'm still working on tha JAM . Make we take this one hold bele"
Stay glued for his Tune coming soon
HOT_As Mr Teen Nigeria-Emmanuel Somto Takes a new look on Photo
Hotnobs could not just pass the stunning look of Mr Teen Nigeria_King Emmanuel Somto as it wasn't only just cool but breathe taking .
Emmanuel Somto has been busy of late towards the positive growth of the model Industry as well as the creative Manifestation of other Models around the globe. He is, indeed a figure the world wants to behold.
PHABULOUS MAKEUP ARTISTRY
📷 @sir_poza for @deezeymedia_futo @deezeymedia
MUA : @phabulousmakeupartistry
Model : @emmanuelsomto
#Proudlymichyconglomerate #Tarismodel #MrteenNigeria #mistermodelinternational2016 #roadtonewDelhi
Gospel Artist_Formula Freshen's the month with Dope song "Ebezina"
Ebezina (dont cry)is a contemporary gospel song written by "Formula" with a divine inspiration to tell of God's forever love in our lives.
Formula is a dynamic music minister immersed in song writing and ministerial qualities. He features' annointed artist_Gbenga olusola. Ebezina(Don't cry) was Recorded and produced by the most sought after Gospel producer of all Times_ Oluwa drumma.
Download, Listen, Share your testimony.
Happy Listening.
Download the song "Ebezina" Here
@fb Israel young
@instagram its Israel young
D33 DROPS THIS SONG ALONGSIDE 3 OTHER EMCEES. OFFICIALLY DROPPING THIS SINGLE, IT SEEMS TO BE A GOOD START FOR HIM.
THE SONG TITLE YAKI, MEANS “WAR” IN ENGLISH. YAKI IS A SONG THAT HAS THE RESPECTABLE ARTIST FROM YNS, DJ AB AND BEEHIVE’S THOROUGH BRED, BOC MADAKI, AND KEVIN WORDS ALL SPITTING BARS ON IT.
THE SONG CONTAINS LYRICAL SPITTING BARS. SO BRACE YOURSELF. ITS A TOTAL YAKI ONCE YOU GRAB THE MIC, BUT THE YAKI IS NOT OVER UNTIL IT IS OVER.DOWNLOAD YAKI
The new music numbers from Geniuzz titled “Connect” and“Firewood” are produced by hit-producer Echo; and arrives after the success of his singles “Underrate”, which features his label-mate Yemi Alade and “KakaRaka”. The tracks shows Geniuzz’ versatility that earned him the name; as he delivers a high-octane and thumping pop performance in “Connect”, not-forgetting the flirtatious sexy mid-tempo pop gem “Firewood”.
Geniuzz (real names: Manji Zakka Deyin) who was bred in Jos, Plateau state of Nigeria is currently working on an extended play; and has been touring and performing across Nigeria and opening for Yemi Alade internationally. The hotly anticipated singles, “Connect” and “Firewood” are now available for your listening pleasure.
DOWNLOAD CONNECT
DOWNLOAD FIREWOOD
Jerry Uchechukwu Eze's Daughter caught in the act of worship
Hotnobs could not believe the photo of a young, Beautiful and smart looking girl who was on her knees in deep worship In a church.
Her Dad posted photos of her on his Facebook page with this to say " Early this morning at about few minutes past 5am, I had arrived the church and put a call across to my wife who was getting ready to be in church for our 1st of the month Early Morning Prayer, I told her to tell my daughter not to fall again when she is been prayed for, according to me, I believe she doesn't understand what it means to be slain, until she understands it, she shouldn't . My wife said she had already done that before I called.
Everyone in church know that I LOVE CHILDREN. I always pray that children will encounter God early. I met God early too. I wished I even met him earlier.
Today, while I was in the front ministering, I didn't even know the media team took these pictures and my wife was in the front too. My daughter was right at the back lost in deep worship. I have noticed this even at home. She could go on for close to 20 minutes.
In church, once you separate her from other children and she isn't playing,she prays for as long as prayers last with deep concentration and brokenness and she worships in tears...
I remember all that I told God before she came. I remember all I told God again when God asked me to teach Supernatural Parenting. I remember again all that I told God when He asked me to turn it into a book. I have a book called SUPERNATURAL PARENTING. I see some of the Supernatural Manifestations I wrote about in the life of my 5 year old daughter.
Today, I repent from what I told my wife in the morning
Who said our children can't discern spiritual things very early?
Who said they can't be lost in an atmosphere of deep worship?
Who said they can't be taught of the Lord?
Who said they must be like regular children?
Today, I pray for your born and unborn children
1. May they encounter the Lord very early in their lives
2. May they never stray from the Path of Righteousness
3. May their hearts burn with zeal and passion for the things of the Lord
4. May they never make the mistakes you made in Jesus name!.
Happy Child
Fans Blast Cool FM OAP_Freeze who says He will always say the truth
Fans of Freeze and Enemies' as well had comments floating on the Just released Video of him saying "I will always say the truth no matter what". The question is "Who asked him"?
Lolzz....
See screen shots of their comments.
And porthacourt has begun it's experience on the Eclipse of the Sun.
Photos from other states coming soon...
Off Reekado Banks Spotlight album we present this two brand new singles titled ”NA UR BOY”and ”BIGGY MAN” Featuring the Badt Guy
DOWNLOAD (Reekado Banks – Na Ur Boy )
DOWNLOAD (Reekado Banks – Biggy Man ft. Falz)