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We put our school fees project money in MMM varsity students lament

We put our school fees project money in MMM varsity students lament

The amount I invested in the MMM
scheme was N100,000. I was expecting my
30 per cent 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.
— Ozadhe Russell, Civil Engineering
department, LAUTECH, Ogbomoso
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.
— Faniyi Inumidun, Accounting department,
AAUA
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 school.
— Chukwunyere Chimobi, Electrical
Electronics, FUTO
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 money.
— Martin Mundus Unakwe, Electrical and
Electronics Engineering, FUTO, Owerri
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 promised.
— Ifediora Sylvia, Federal Polytechnic, Bida,
Niger State
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 risk.
— Tunde Afuwape, Biochemistry, LAUTECH,
Ogbomoso

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