My recent post on MMM Ponzi drew divergent responses. On Bella Naija, my backside was practically roasted with the vitriolic comments from those who feel that MMM is a divine intervention. After all, why is it my problem if someone wants to start a bonfire with his money?
On LinkedIn, the responses are direct opposite. Almost everyone agreed that MMM is a scam and only a stupid person would do it. Of course, there are few guys on LinkedIn who share the opinion that it isn’t my problem.
Truth be told, it is really not my problem.
But then, the troublemaker in me wouldn’t just roll over and die. How else can I describe the absurdity of MMM but to do a simulation of the investment with hyper-return?
So let’s say James, a friend of mine, decides to “invest” N1,000,000 in MMM by January 2017. If he doesn’t touch the money and keeps re-investing capital and interest, this is what he gets by January 1, 2018. A stratospheric 2,230% return!
My birthday is January, and considering I would be hitting a major milestone in 2018, I should expect a fantastic gift from James, right? Wrong! I can bet that James would be dead-ass broke by then.
Trust me, if such a guarantee return exists, all we need Buhari to do is ask Aunty Kemi, the Minister of Finance, to put in about N100B and he can use the N2.3 trillion Nigeria would get by January 2018 to fix Lagos-Ibadan Express road, fund the outstanding salaries of the APC governors’ states, build 3 more refineries and drop in about N200B for 2018 investment. Come 2019, we will have N4.6B to spend. It’s election year and we will return Buhari with all happiness.
For me, I can put in N10M and just chill for a year; a year’s wait doesn’t kill anyone. With N232M, I can make a foray into real estate and live the rest of my pipe dream life in luxury.
It doesn’t make sense right? Yes, it doesn’t!