5 Categories Of Nigerians That May Die If MMM Crashes

By  | 

MMM seems like one acronym many Nigerians will not forget in a hurry. The Ponzi scheme has taken Nigeria by storm with many sinking huge sums into it despite clear indications that it might crash.

MMM Ponzi scheme

According to Wikipedia, МММ was a Russian company that perpetrated one of the world’s largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.

Download Latest Mp3 Musics And Videos And Movies From WWW.SCOFYBAZE.COM (CLICK HERE)

Promote Your Music On Scofybaze.com Now @ Just 2000, Contact or Chat Admin On +2349030293089 At Whatsapp

Download here

It is also vital to note that 50 investors in MMM committed suicide in 1994 after it crashed. The police closed the offices of MMM for tax evasion on July 22, 1994. The company tried to continue the scheme but the business shut down.

READ ALSO :   Download B3nchMarQ ft. Boy Wonder, SeQuel, Ecco - Ricco Case

Now that Nigerians have taken to MMM in a huge way, who are some kinds of people that will feel the brunt if MMM crashes?

1. Nigerians who resigned their jobs

While it is quite strange, there have been stories of Nigerians who left their jobs because MMM started paying well. These set of people feel that MMM is a more easy way to make money and so they have quit their jobs.

If the scheme crashes today, this set of people will be left with no means of income and no job.

2. Nigerians who invested their savings

The news that MMM is paying has led many to invest their entire life savings in the hopes that they will get huge returns based on the percentages. What happens when the scheme collapses? Losing their entire life savings is something that will lead to huge problems for many Nigerians.

READ ALSO :   10 Reasons Why Marriages Break and How to Fix Them

3. Those who sold their property

In the hopes of huge returns, many Nigerians have sold their properties and put the money gotten into the MMM scheme. Lands, homes and other investments have gone into the scheme. What will happen to such people when it crashes?

4. Those who got married with MMM money and no jobs

There have been stories of young men who upon getting their first MMM payment, decided it was time to settle down and get married. What happens when the MMM money dries up?? They will find it difficult to cope, if they do not have an extra means of income.

5. Bankers

While this might sound strange, there have been stories like this: “Some bankers who usually invest as much as N10m out of customers’ savings just to get a profit of N3m in return. We recently heard the story of a bank manager who committed suicide due to debt.”

READ ALSO :   Download VIDEO: Blac Chyna Full Sex Tape Video

To round up, this quote is fitting to represent the situation of Nigeria as regards MMM.

“It is easier to find a virgin in Nigeria than to find a non MMM particiP@nt.” – Arinze Esomnofu

The post 5 Categories Of Nigerians That May Die If MMM Crashes appeared first on GL Trends.

Source: Gltrends

Generalbaze Video Of The Week

Generalbaze Video of the week

Title :-DMW – Mind Ft. Davido, Peruzzi, Dremo & Mayorkun

Contact Us

Phone:- 09030293089

Wish to advertise or promote music/video here,call/sms us via 09030293089 or mail us via email:- generalbaze@gmail.com

I'm A Premium Blogger *I Hype* *I Entertain* *I Educate* *I Inform* *I Update People* *I Blog Anything Bloggable* *I Advertise* *I https://www.scofybaze.com *

Leave a Reply

Your email address will not be published. Required fields are marked *

DMCA.com Protection Status

Download Mp3 Music Audio Song Video At www.scofybaze.com
ADDTOANY--Addtoany--Free.facebook.com--Google.com--Google.com.ng--Google.co.in--Google.co.uk--Youtube-- hatena-- webry--jtb-- tripod-- xrea-- so-net-- efk-- gamer-- Google+-- fb1-- fb2--Sitemap--IG