I was on my way to Rivers State,
from Anambra. I boarded one RTC bus and the journey commenced. All the
passengers in the bus were cool and quiet till the moment when we heard from
the bus radio, that MMM a.k.a Wonder bank has crashed.
Passenger 1: MMM… hahahahaa, I
talk am… I talk am… MMM don craaashh, people go run mad for Nigeria now…
hahahaha
Passenger 2: Wetin sef? Why are
you disturbing? Who told you that MMM have crashed?
Passenger 1: Didn’t you hear the news? …It was
just said in the news
Passenger 1: MMM is satanic, and
it has crashed…
Passenger 2: Hmmmm… if MMM is
satanic, why should it have any problems at all? They would have just used
their diabolic powers to pull people in and make the community grow very well,
and the community won’t even experience any hardship at all
Passenger 2: Have you ever heard
that the illuminati is having some financial problems?
Passenger 1: Hmmmmm… No
Passenger 2: Some people call MMM
666, just because of the acronym MMM. I know of organizations that have their
name as an alphabet repeated up to three or four times, for example I know of a
construction company known as CCC, and there are many others. MMM is just
“Mavrodi”(the name of the founder; a Russian name) “Mondai” “Movement”
I am a literate. I did not join
MMM immediately I heard of it, but after two months. Actually, I wasn’t
interested at the first place, but as I kept hearing about it, It got my
interest (as of then, MMM wasn’t popular at all in Nigeria). As I got
interested, I decided to study the system before participating. I went through
the ideology…
Passenger 1: I’m already getting
tired, let’s just end it here
Passenger 4: Hahahahahaaaha… I
think say una no go tire
Me: I’m still interested in this
subject matter o… please; you said that you went through its ideology…
Passenger 2: Yes, I went through
its ideology, its modus operandi
Passenger 5: Module gini?
All: #laughs#
Passenger 2 : MMM is not a bank,
although it runs like the banks, MMM does not collect your money, it is not an
online business, HYIP, investment or MLM program.
Passenger 1: then, what is MMM?
Passenger 2: MMM is a community
of people, these people are people that are participants, just like me. I am a
participant. These participants provide helps and get helps.
Just like the banks, where people
deposit money and withdraw money, in MMM people provide help and get help.
Do you know something about the
banks? Some years ago, banks do give interest to people who save their money in
the bank (people who deposits). The banks do give up to 15% interest per month
to people who deposit money, for instance, if I deposit a sum of #100000, in a
month time, I’ll be having #115000. Where do you think the banks get that extra
15% interest from, to give to all their costumers?
Passenger 1: that’s a very simple
question, the banks get the money from the businesses they do with people’s
money and the extra money they charge (interest) they collect from people they
loan out money to
Passenger 2: Hmmmm, profit from
business… loans…
Does business favour them all the
time? Do people come to borrow money from banks all the time?
Anyway, let’s say you’re right.
I have another question, now,
where do the bank get money to build more banks? (which can cause about
8million Naira per structure)… where do they get money to renovate their old
banks? (which can cause about 1million Naira)… where do they get the money they
use in paying their workers? (let’s say they pay each worker #30000 per month
and there are 10 workers in the bank: N30, 000 x 10 workers = N300, 000 in each month, N300000 x 12months = N360, 0000, just in a year) Abeg where are they getting the
money from?
Abii dem dey do ritual?
Passenger 1: Hmmmmmmmm, to be
sincere, I don’t know
Passenger 2: Mmmhmmm… now listen,
the bank uses our money (my money and your money) to make most of their
expenses, they spend our money.
The banks do this because, they
believe that not everyone will withdraw at the same time (Aisha comes to the
bank today to withdraw #10, 000 from the money she have in the bank (which the
bank most have spent), Joseph comes to deposit #200, 000, the banker will
remove #10, 000 from Joseph’s money and give it to Aisha and Aisha leaves)
All you know is that you have a
sum of N4, 200, 805 in your bank account, the bank will keep making use of your
money, cos they believe that you won’t come and withdraw the whole money once,
and even if you do, there will be always someone else who will be depositing.
The bank owners and government don’t sweat, yet they earn more, they eat our
money.
Do you know that with the amount
of money in circulation, and the money the banks run, they can afford to give
their costumers 50% of their deposits, monthly, but they won’t, they just
enrich themselves and spend our money, you might not understand these things
that I’m saying, only bankers and good economists will.
Passenger 1: Hmmm…
Passenger 2: Money circulates in
MMM as it does in banks, but unlike the banks, MMM is totally an online stuff
and it have no need for constructing building, renovating old buildings or
paying workers, instead, the money being circulated is used to pay each participant
his/her deposit + 30% interest (reward)
Passenger 1: Eeeheenn… why is
everything about MMM online? It makes it unsafe and unreliable
Passenger 2: Unsafe… that’s not
true, even offline businesses can close down at any time sef
Banks sef, can be liquidated at
anytime.
But the reason for MMM being
online is this:
When Mr. Mavrodi initially
started MMM in his country, Russia, it was offline stuff, people were convinced
and joined the community, and things were going well. As of then, MMM had a
building with tight security and a safe where all the money were kept (just
like banks today). As time passed, MMM participants (then, MMM was only in
Russia) started living very well, as money circulated among the participants,
they started businesses, build houses, bought cars, participants were just
living well, and MMM was being promoted. The Russia government got angry; they
made up allegations against the founder of MMM and MMM itself. They arrested
Mavrodi, imprisoned him and closed down the MMM building, taking all the money
there. If the government was a good one, they should have returned all the
money to the various participants (who were the true owners of the money) but
they claimed the money …they took all the money (human beings makes up the
government, and these human beings took the money, I’d better say that they
stole it)
After what took a while, Mavrodi
was released from prison. Of course challenges make wise people wiser and
strong people stronger. Mavrodi, while still in prison was thinking of how to make
this financial liberating community, immune to any external enemy, and he got
an idea. The idea was to make it, in such a way that everything be done online,
using a satellite instead of a mass (so that the government will NOT be able to
shut it down) and using the terms “provide help” and “get help” (as there is no
law that frowns at donations). With this brilliant idea, Mavrodi was able to
make MMM totally immune to external factors (enemies)
Mr. Sergei Mavrodi introduced
this new face of MMM to his fellow Russians again (If indeed, he took their
money; as the government told Russia MMM participants, Mavrodi wouldn’t have
the guts to introduce MMM to them again). But he did, and they; knowing exactly
what happened to their money, knowing that Mr. Mavrodi wasn’t the fraud but the
government, they went ahead and registered in MMM again, since then till now
(for more than 8 years) MMM have been growing. If you think that MMM isn’t in
Russia, just go to this website: www.russia-mmm.net . MMM is not only in Russia
but also in 119 countries in the world.
Passenger 1: Hmmmm… okay o… but,
does this Mavrodi just open MMM and makes no profit from it? from your
explanation, I can’t see how he makes his own money
Passenger 2: Calm down… this is
the answer to your question. Initially, when MMM started in Russia, when it was
still offline stuff, Mr. Mavrodi and his coworkers made their money by
participating (i.e. providing helps) in the community. But after his stay in
the prison, with his new idea of making the scheme an online stuff, he now gets
his money via the net, just as Mark Zuckerberg makes his money in Facebook, as
people log in, writes posts, upload pictures and make comments in Facebook. Mr.
Mavrodi makes his money as participants logs into their MMM offices, upload POP
(Prove of Payment; bank teller), and do other stuffs in their MMM offices. Mr.
Mavrodi also gets paid from Google, because he uses and promotes Google
accessories (such as; Google forms, Google docs, Google slide, Google sheets,
Google hangout, etc), as he runs MMM Guiders’ school. He makes a lot of money,
more than enough to pay his workers (programmers, guiders’ school teachers,
etc)
Passenger 2: MMM has over 10
safety nets which will never make it crash. These nets are;
1. Pause mode
2. 14 days defrost
3. Extension of the getting help
hours
4. Seeking help from neighboring
country
5. No central account attached
7. Peer to peer
system
8. Guiders' efforts
9. PH match hours extension
10. Website upgrades and security
1. Pause mode
This process is applied when the
numbers of the people getting help is greater than the people help. The system
will pause the GH transactions and allow more PH to come into the system for
the duration of 2 and half months, then the system will now restart.
PH means provide help and the GH means get
help
2. 14 days defrost
The participants will not be able
to withdraw their money until after 14 days when the payments have been
confirmed. During this process, more PH would have come into the system
therefore there would be pool of cash to pay the old participants.
3. Extension of GH hours
This occurs when there is a
public holidays when the banks are not working therefore, there won't be
transaction and it may cause the problem to the system. The system will now
extend the hours of the people who are getting help at that period to allow
more People providing help into the system.
4. Help seeking from neighboring
country
When there are more GH than PH in
a country, MMM will look into the other countries which are doing well and
match them together, pending the time that the affected country will be OK.
6. No central account attached
MMM does not have a certain account that we are
sending money to. MMM doesn't collect your money. You pay directly to another
participant, and another participant pays directly to you.
7. Peer to peer system
Participants pay directly to the
bank account of the other participants seeking help
8. Guiders' efforts
Guiders are the heartbeat of MMM,
guiders make sure each and everyone in MMM understand the Ideology of MMM and
how it works
9. PH match hours extension
When the system finds out that
there are more GH than PH, the system will extend the hour of old PH so that to
hold down their order matches duration and during this period, the system will
allow more new PH to come into the system to get it balanced.
10, Website upgrades and security
MMM spends millions of dollars in
taking care of their website to cub online fraud in MMM, such as scam and other
Threats.
FOR THE GOOD OF ITS
PARTICIPANTS...
MMM keeps putting measures in
place to ensure the sustainability of the system, but as with every system is
run by the people, the sustainability of MMM Nigeria will depend on the
attitude of its participants.
Passenger 1: Hmmmm… To be frank,
you’re making a point shaa
Passenger 1: But, why does the
government and news speak against MMM, they say that it is risky, that it can
crash at anytime and now, they say that it have already crashed.
Passenger 2: News? …mtcheew
…that’s what you listen to? …the media only says what the government instructs
them to say.
MMM did not crash, MMM just
freezed mavros for 30days (cos, programmers are doing a serious work in all MMM
offices) you shouldn’t listen to all those story, if you want to be sure of the
facts, go to their website nigeria-mmm.net and see for yourself. The government
knows that MMM is already immune to their attacks, external factors can’t
affect MMM. So, the government uses another method; this method is aimed at
putting fear in participants of MMM, by either publishing their empty threats
through the media, or paying the media to post all sorts of nonsense about MMM
(posts like MMM will crash, MMM have crashed, MMM site is to shut down on
December 14th, Father kills children because of MMM, etc) when they
successfully install fear into MMM participants, the participants will begin to
withdraw from MMM.
The government tries to
discourage people from participating and gaining from the community, though
most government workers and bankers are participating and gaining o, but they
don’t want others to enjoy what they are enjoying. Some media team sees MMM as
a means of getting popular; they make interesting posts of MMM in their sites,
as MMM seems to be the topic of the day.
Our government doesn’t want good
for us, why do they talk bad of only MMM? All the time… MMM. They don’t advice
people to quit participating in baba-ijebu, Naira-bet, Pool, and all these
schemes that destroys our youths, our government doesn’t see anything bad in
those schemes, but they are against MMM that have been empowering our youths,
including me. People have been able to start up businesses, achieve their
dreams, pay school fees and hospital bills, infact, my brother, if not for MMM,
with the state of the economy, even payment of NEPA bill won’t be easy
When FG owed our parents for
months, did the media make noise?
When shares bought for millions
of naira all of a sudden falls to thousands did the media make noise?
They don't want to see other
people progress.
Because MMM is giving 30% to the
masses in the country all of a sudden the government and the media are
discouraging people.
Ok good, we should stop MMM and
then do what?
Any job?
Any hope?
Instead they keep making life
hard for people.
Institutions keep increasing
their fees, transport fares keep increasing, go to the market with N10,000 and
see if you'll come back with anything?
I have talked so much in this
bus, I’d better stop here.
If you want to join MMM, join. If
you don’t want to join don’t join. But, for God’s sake stop saying false things
of MMM. Even some people are bribed to say that God said, when God did not.
While some pastors leaves the word of God, and preaches negative of MMM (and
the worst part of it is that they don’t even know the ideology of MMM, they
just talk about MMM because it is already a popular scheme)
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