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NEWS_Here’s A Detailed Explanation Of How Loom Operates

Published

5 years ago

June 11, 2019

Kumasi

In the past week, Loom has been everywhere on social media. A lot of people have been talking about it and we wonder if people really understand what the whole business is about.

Many see it as a new ponzi scam that has surfaced after the NAM1-Menzgold saga. But some also see it as an opportunity to make some good money without stress.

the whole business is about.

Many see it as a new ponzi scam that has surfaced after the NAM1-Menzgold saga. But some also see it as an opportunity to make some good money without stress.

Well, an expert in financial matters, E.Q.A Mensah (eqamensah) on Twitter has done a thread explaining what the whole Loom thing is about.

In the thread, he talks about how Loom operates, and all that the “lucrative investment scheme” entails.

Read the whole thread below:

“1. LOOM money has no central account or regulating institution. Loom money is not regulated by any institution and hence, it’s very difficult to trace owners of the said scheme in case of any challenge.

2. Who did the first participants make payments to?:

Have you ever asked yourself this question? These people made payment to the owners of the schemes. So the idea is, these people (initial participants) will make their monies from those who join.

3. Sustainability of the Scheme:

The sustainability of this scheme is dependent on the availability and willingness of people to join. The moment it reaches its peak, that’s the end of the scheme.

4. Robbing Peter to pay Paul System:

In this pyramid model of Ponzi, it’s just a system of transferring monies from one person to another. Funds aren’t used for any investment engagement to earn interest or profit.

5. Who loses?:

The last person to join is very vulnerable. His fate is determined by the next person to join. In a case where no one is willing to join again, the last persons who joined loses.

Conclusion:

Ponzi Schemes or pyramids have their own advantages. One can easily take advantage of the system but remember, the brains behind the system can never lose. And don’t be lured by the huge interest promised (ie about 800 percent in less than a month).

You can easily lose your money invested!”

Well, we hope E.Q.A Mensah’s explanation has given you a better understanding of what the whole Loom thing entails.

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NTC TRAINING: JOIN THE ONGOING TRAINING NOW || BY MACADEMIA EDU CONSULT

Published

2 years ago

June 12, 2022

Kumasi

Be informed that there is a new NTC Workshop Training Ongoing organised by The Macadamia Educational Consult Limited, an accredited NTC service provider. It is therefore calling on all teachers to join its ongoing online training.

This training is a zoom meeting mode which is currently ongoing.

The training centers on the topic ‘OVERVIEW OF ACTION RESEARCH AND REFLECTIVE PRACTICE’

To Join the program, kindly click on the zoom link below:

program.

You may alternatively use the detail below to join the training

Meeting ID: 786 1744 7438

Password: MEC75

Below is the link To Join.

[Click Here To Join The Meeting]

Subscribe to this page to receive latest Education News. For More Contact Admin Kulme Star @ 0554461400 / 0554188420

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See Details: The presidency broke, we can’t fund Independence Day celebration – Chief of Staff

Published

3 years ago

March 5, 2022

Kumasi

See Details: The presidency is broke, we can’t fund Independence Day celebration – Chief of Staff

According to current reports, the Presidency will not provide any financial assistance to organize this year’s Independence Day celebrations, as has been the case in previous years.

Under a ‘wireless message’ to all Regional Ministers (RMs) and their Regional Coordinating Councils, Akosua Frema Osei-Opare, Head of Labor, said the country was in a state of emergency (RMCs).

He added that as the president was working on a small budget, he could not provide financial assistance to the districts in celebration of Freedom Day.

It has been recommended by the Chief Executive that this day be celebrated with humility.

The Presidency says it has no money to sponsor our 65th Independence Day Anniversary Celebrations and yet they have money to hire a private jet at £14,000 an Hour for his foreign travels including private detours & transits.

When I talk now, they say heyy….it’s such a tragedy pic.twitter.com/yzScKCfBbG

— Rockson-Nelson Dafeamekpor, Esq. MP. (@etsedafeamekpor) March 4, 2022

News

WATCH: Nigerians Want to Join Ukrainian Fight Russia Must Pay $ 1000 Visa – Ukrainian Government Warns

Published

3 years ago

March 5, 2022

Kumasi

Nigerians Want to Join Ukrainian Fight Russia Must Pay $ 1000 Visa – Ukrainian Government Warns

Nigerians who have shown interest in joining Ukrainian troops to fight the Russians invading their territory have been told they will not go to Ukraine for free.

A handful of Nigerian men gathered this week at the Ukrainian Embassy in Abuja, Nigeria, to offer their services to the Ukrainian army.

It is believed that they were responding to a recent call by the President of Ukraine, Volodymyr Zelensky, urging people around the world to join the war.

At the Ukrainian embassy in Abuja, Nigerian volunteers were asked to write their name in a register provided by the embassy.

However, Nigerian volunteers have been informed that they will have to provide $ 1,000 for their visa and a ticket to Ukraine.

With Ukraine’s airport closed due to war, Nigerians wishing to join the Ukrainian army cannot fly straight to the country. They would have to fly to any country bordering Ukraine and into Ukraine from there.

Volunteers were told that this would cost money, at least $ 1,000.
This did not bode well for the volunteers, many of whom said they could not afford the money and actually joined the fundraising campaign.