I have three friends who withdrew their life savings and poured it into MMM, yes! they were paid 30% and now am wondering if everybody pulls their funds from the bank to invest in this uncertain HYIP, what’s is the future of bank savings portfolio? Already ranked at 6th most visited site in Nigeria with over 2000 new members daily (unconfirmed).
HYIP, do you mean hype?
Personally, I think most Nigerian savings account aren’t for “savings”. They are mostly “current” accounts for the demographic that can’t afford current account costs (mute point now since all these miscellaneous charges).
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Maybe, maybe not, at least the banks and other payment platform fintechs are raking in money through transfer service charges. This might be insignificant to what they normally make, but they have being feeding fat on common man’s hard earned wages for ages with any ROI to their customers.
It will shock you, most bankers are investing into MMM than the average salaried persons or other professions.
Nope. That wouldn’t shock me at all.
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who wouldn’t, invest and rip 30% transferring the loss to the poor sucker when MMM finally crashes. it’s only common sense.
High Yield Investment Program (HYIP)
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Nope. Banks investing where? When there are other capital investment companies running in Nigeria and they have a chance to do so themselves with people’s monies. MMM is the last place any bank with a clear head would invest in. It’s not even an investment in the first place.
Nope.
at the end of the day, the money ends up in something called a bank, I think 
Banks are evolving to become underlying platforms for financial services.
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So when you get your MMM money, do you put it under our bed?
Lmaoo 
But you realize all the money is still within the NIgerian banking system, if you withdraw all your money, and put it in MMM, you are sending it to another set of people with Bank accounts in Nigeria.