Top 3 gainers from MMM scheme

Well I was thinking very hard, and like they say, too much of everything is bad, and even the good things can hurt you in excess, although with MMM and the likes it is clearly stated that it isn't an investment and you should engage in it with your "spare" cash, probably signalling it has or had a "best before" date, Although they have maintained that the "pause" or freezing of the accounts was only done to safe guard the system which is understandable , I sat down and thought about those that have made money off this scheme apart from the participants, which I'll list below and try to explain how.


1. Telecommunications companies- They are the highest gainers from MMM and the likes, because when a participant is matched with another person, his or her phone number is provided and quite often, participants will call each other to ensure there is someone "human" being on the other side of the line, and, the alert you receive also and sometimes some guiders go as far as texting participants when they are matched also since everything is done online you'll have to buy Data bundles to keep up with your account and happenings,
For the sake of further calculations according to MMM's website there are 2 million registered participants, for further calculations we assume about half, that is 50% of them are active which is  1 million active users, hence forth.


*lets assume calls are 10 naira per minute and you are matched with 3 people and to complete each transaction you probably spend at least 3 minutes and for calls we'll use 75% of the total number of active users.


10*750000*3*3= 67500000 ( in one month)
in the last 4 months, that's over 270 million naira,
This is for calls only, by the time we add Data charges and Text messages, that amount will probably triple

My take on the Latest Financial Trend in Nigeria

There is something interesting going on in Nigeria. Nigeria is in recession according to many sources, as the economy is shrinking many individuals are searching for various ways to survive, among which some have found temporary hope in what they call, "Financial empowerment", some call it "Mutual benefit funds", some call it by the name of their promoters, others just keep mute about it.

If you are in Nigeria and you have not heard of MMM and other Multiple Level Marketing (MLM) schemes , then you need to give yourself a very hard pinch to confirm if indeed you are still alive.

These schemes have gone viral but the most interesting part of it is that almost every week there is a new scheme and I am sure after I finish writing this post, before even publishing it another one must have started.

Things I find odd, but seem normal in Public Nigeria

1. Glass cups at the Bar / Beer Parlour - This might not seem strange but if you visit some people's houses in Nigeria, they have their personal tumbler or drinking glass etc for strange reasons and they may not drink from any other cup, until its found, some people even go as far as having their own sits or chairs, you'll visit some homes and you'll hear something like, that's my Dad's chair, but when they go to beer parlour they drink from the same glass, in some cases the attendants will just pick the glass cup from another customer and drop it in water, immediately pulling it out and will offer it to you.


So what are the available options out there?
a. Bring your glass cups from home?

b. Drink from the bottle - in Nigeria, I guess because the beer bottles are usually big most of which are about 60 cl, people will call you "bush or local" if you drink directly from the bottle, and there are several theories that you'll even get high faster if you do so.... hmmmmm I don't know.... so what do you guys think?

2. Suya or BBQ meat - This is so common you'll see people in their houses with a pile of old news papers, some of them have been dealt with properly by rodents, cockroaches etc, but its normal to go to local spots in Nigeria and get the same Newspaper use to wrap meat that you'll consume directly.

So what are the available options

a. Like its done in Abuja and other ' Tush" places, foil wrappers can be used, they'll make the Suya hotter and more presentable.

Ref: google.com/images
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