Nigerians will never stop to amaze me and this MMM scenario further illustrates the saying that common sense is not actually common.
Since MMM Nigeria froze its users’ accounts, many MMM Crusaders online have come to its defense. They are so blind and don’t want to accept the fact, even when it is staring at them eye ball to eye ball, so many of them say this, “This Christmas period everyone would want to GH (Get Help Aka Collect their Money) and that won’t be good for the system, so this freezing will control the rate of GH and make it orderly”.
Well sorry to burst your bubble because this logic is a completely failed logic; it’s Dead On Arrival.
Firstly, it defiles MMM Nigeria’s own principle of putting N100,000 and getting 30% of your money in 30 days (They never informed their participants about any type of extra 30 days compulsory wait period).
Secondly, they have failed all their participants woefully. I personally know people who strategically put in money last month just because of Christmas and New Year celebrations and have already planned out how they are going to use this money. Some where so confident in MMM they even borrowed money and made promises based on their trust in MMM.
Thirdly, we all know that January is a time in Nigeria where we all have just spent a lot of money during the festive period and not only that, we now have house, rent, school fees and many other expenses to renew at this time As a matter of fact, many Nigerians share the ideology that January is the hardest period in Nigeria. Abeg, tell me where then does MMM expect people to get “spare money” to pump into their system?
Not only that, let’s assume that there are 3 million MMM participants and 2.5million of them where requesting to GH (Collect Their Money) this December, and only 500,000 where available to PH (Give them Money), lets assume this was why the system had to be frozen because the equation was uneven, now explain to me exactly where MMM will get the remaining 2 million people that will have “spare money” to pump into their system?
They say January 14th is the day accounts will be unfrozen, but I say this is the official burial date off MMM, beacause even if on January 14th 2017 MMM unfreezes their participant’s accounts, do you think more people will want to join such system that can freeze your accounts without any prior warning at anytime? Who knows maybe the next time they will freeze accounts it will be for 3 months? They have used their own hands to destroy their credibility.
The funny thing is this; I take my last statement back, MMM has not lost its credibility. As a matter of fact, they did not do anything wrong and you will be shocked to know that I do not even say this sarcastically.
Now take for example MMM alerted Nigerians about this 30 days freeze, do you know that it would not have made any single difference? How? You Ask?
Let’s take for example on the first of October MMM announces that on the 1st of December the system is going to be frozen. Okay, sounds like a genius idea right? Now people who paid in money in October will be paid by people who put in money in November, now who will pay those November people? We will still have this exact same scenario where some group of persons will have their money trapped inside the system. A Word they say is enough for the wise. MMM is going to crash one day and the last set of people, let us call them, “November People”, will loose out big time.
