Monday, December 19, 2016

(Heart breaking)Students Who Put Their School FeesAnd Project Money In MMM Lament

Some university students have cried out,
saying that they put their school fees and
project money in MMM.
Read their stories after the cut...
Ozadhe Russell, Civil Engineering
department, LAUTECH, Ogbomoso
"The amount I invested in the MMM scheme
was N100,000. I was expecting my 30 percent profit when I got the news that our
accounts have been suspended. It was a
bitter news. Being a student, the fund was
raised to pay my school fees and to meet
other basic needs. It is a great risk but many
students enrolled in the scheme to make profit
and to live a better life. If MMM crashes, I
would accept it as my fate.  I will have to look
for other ways to source my school fees.
There is nothing I can do. I will only learn from
it and not engage in such a scheme again."
Faniyi Inumidun, Accounting department,
AAUA "A friend introduced me to participate in
the MMM scheme. Being a lucrative one, I
decided to benefit too, having heard of the
success stories. I invested N40, 000 in the
scheme. The money is for my final year project
and my feeding allowance. It will be very
painful if MMM crashes. Considering my
investment, it will be a big loss for me. My
plan was to use the profits from the scheme to
finance my final year project and to meet other
needs. I am seriously praying that the
suspension should be lifted so I can reclaim
my funds."
Chukwunyere Chimobi, Electrical
Electronics, FUTO
"A friend in my department started talking
about MMM excitedly. He said MMM was a
new online business platform that credits you
with 30 percent interest of your payment in 30
days. I said waoh! I never took interest in it
until the need to tackle certain needs arose.
On Tuesday when the news that the MMM had
been suspended came in, I was expecting
bank alert of roughly N500,000. I raised the
fund to participate in the scheme from my
pocket money. If the scheme crashes, it will
be a big loss to me. Just last week, I lost to
an online business called ‘coin fever,’ it all
happened within minutes. I have always
known that MMM would crash soon.  If it
crashes, it will hurt me but life goes on. I
participated in the scheme despite the risks to
upgrade my life and to beat the current
economy recession. There are so many
financial needs to meet up with such as paying
my school fees, buying text books and other
learning materials as well as other dues in the
Martin Mundus Unakwe, Electrical and
Electronics Engineering, FUTO, Owerri "The
latest investment I made in MMM was
N100,000, but in total, I invested over
N250,000 in the scheme. I got money to
invest in MMM from other businesses that I
run as a student. I didn’t have any special
plan for the money I would make from MMM.
With the profit,  I would upgrade my lifestyle
and improve my life. I had always known that
it would crash one day as it is not a
sustainable scheme. But I always prayed that
my money doesn’t get stuck when it
eventually crashes. I will feel the impact of the
loss if it crashes.  MMM is not my only
business. I do other things that fetch me
Ifediora Sylvia, Federal Polytechnic, Bida,
Niger State "A friend of mine told me to join
MMM  when I told him I needed some money.
I decided to try my luck with the money. When
I saw many students making money, I joined
the trend. I actually participated in the scheme
because I needed to meet up with some basic
school needs. For example, when I offered to
provide “help” of N50,000, in the following
month, I collected N75,000, with a gain of
N25,000 without working or stressing myself.
I basically invested in it because of the high
return on investment. In this period of
recession, it became a way out. I will say I
belong to the lucky category of investors. I got
all my money back last month before the
accounts were frozen; I decided not to
participate in it again because I was scared.
It is hard to believe that the money of other
participants is going to be paid back. I hope
and pray they lift the ban in January as they
Tunde Afuwape, Biochemistry,
LAUTECH, Ogbomoso "Someone introduced
me to MMM and he talked excitedly about it. I
invested N30,000 in the MMM  business. The
money was what I made from a project I did
for someone. Being a final year student, I am
already preparing for graduation.  I figured out
that before my NYSC, there are things I could
do if I have some cash. It will be painful if the
scheme crashes Against an imminent crash,
which I have been praying against, I will move
on with life. This is because, from the outset, I
understood the risk involved.
Life is all about

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