Nigeria has become a perfect country for Ponzi Schemes. Many people in the country seek for possibilities for getting Passive income. Helping Hands International has become one of these opportunities. Therefore, many people in Nigeria might wonder – is the Helping Hands International Nigeria a Ponzi Scheme or not? Let`s try to find out!
Helping hands Nigeria: Scam or real?
What is Helping Hands Nigeria?
According to the official website information, Helping Hands Nigeria is an “empowerment-based-membership program.” No such a business can be defined as the “empowerment-based-membership program.” It means that their definition is not clear, but they run their business in Nigeria as Non-profit or even charitable organization. Which means that they pay no taxes to the Nigeria Government. They pay only bills for water, electricity, etc. from their official address No 5 Allen Avenue, Ikeja Lagos.
The founder of the organization is Mrs. Luzviminda Mac-Elvis. She is a citizen of Philippines and operates the business from there. According to her personal message on the official website, she believes that the mission of Helping Hands Nigeria is to provide help to the weak. It`s a noble goal, but it`s not what she seeks. Official web page of the Helping Hand International on the Facebook is filled with information about how people earn money in this organization. If you look through their personal Facebook page, you would probably make a conclusion, like: “Join us! Invite your friends and become rich!”. It`s not the massage you expect to hear from a charitable non-profit organization which claims to help poor.
Helping Hands International: how it works?
If you want to join Helping Hands Nigeria, you just need to visit their website and register there. After that, you would be asked only $40 to join the organization. When you pay them money – you may enjoy things, like:
- Business Loan
- Free educational fund for your children
- Residential income
- Paid trips
- Free House
- New Car
- Skill trading
- Property support
Nevertheless, you should understand that if you pay $40, you may have only the opportunity to enjoy the above-mentioned things. The opportunity does not mean to get a full free package. If you want to have all above mentioned – you need to find more people who would pay more money into the system. It`s a classical Pyramid Scheme or MLM. If you are on top of this pyramid – you get money. If you are somewhere at the basis, then you might get nothing.
Why should you treat this organization as Helping Hands International Scam? The answer is simple! Where do they get money? This organization does not run business, and it does not pay taxes from this business. They claim to be a charitable organization, but they work more like a Pyramid Scheme. They do not sell goods or services. As they claim, all their services within the organization are for free. Therefore, they can only get revenues from the new members of the organizations.
What is Helping Hands International Compensation Plan
It`s a pyramid of the system. If you pay $40 do the pyramid and do nothing, then consider is a payment to a charitable organization. Can you claim back your money from a charity? It`s difficult and why should you start the noise over $40? If you want to get some money from the Helping Hands International Compensation, then you need to grow through stages.
1 Stage. Associate
At the very first stage, you just need to make sure that you invest $40 into the Helping Hands Nigeria. After that, you will be provided with your personal account and referral or direct link to the project. After that, you need to start introducing other people to the Helping Hands International Nigeria. Every person whom you invite to the system will provide you 20% of the sum of the investment. It means that if they invest $40 – you get $8. If you want to become an associate, you need to create a matrix, where two people you brought also provided two other people. If you invite six persons – you get 6*8 = $48 plus $10 for building the matrix. If you get two persons, then you get $26.
What is the point of the system on this stage? If you manage to build a pyramid 1*2*4, you get $58, your two associates on the lower level gets $28 each, and four other persons get nothing. Therefore, if you`ve managed to become the Associate you`ve also managed to bring to the Helping Hands Nigeria $280, and it must return only $110 ($58 to you and $52 to two people of your matrix on the lower level). It means that they get 170$ tax free money just from you. Is not it wonderful?
Stage 2. Master
In this stage, you become a master if six members of your matrix level up to the Associate stage. It means to collect at least $26 from getting two people into the Helping Hands Nigeria. Therefore, you need to build a simple matrix of your associates 2*5. There you get $1000 as your matrix bonus. Also, you can also have a free laptop. You can also earn extra 10% every time your direct referral completes a stage. It`s called Matching Bonus.
Stage 3. Super master
When people in your 2*5 become masters, you will receive $1500 and another $1500 bonus if your matrix will fill in. Your direct uplink will provide you with $150 Matching Bonus. You can also get a brand new Hyundai ix10 from the Helping Hands International.
Stage 4. Minister
When people from your matrix become Super Master, you will receive $2000 from the 1-5 level of the matrix. You can also get additional $4000 if your matrix is completed. The price of your referral uplink is $300 now. You can also get a new car (if you stay the Minister for three weeks in a row). You can also ask for $12000 free interest loan.
Stage 5 Prime Minister
If your first six members of the 2*2 matrix join you Minister stage, you will get $12000 paid in two levels. You would get additional $1000 if your Matrix filled up. You can also enjoy housing funds, international trips, educational funds from the Helping Hand International.
Is Helping Hands Nigeria Scam? Verdict.
The intentions of the Helping Hands Nigeria are unclear. They continue to define themselves as a non-profit organization, but they apparently work at least like a MLM business. They help people to provide their pyramids. How does Helping Hand International earn money? Only from new members of the pyramid. They do not sell goods and do not provide services. They define themselves as registered and non-profit organization to help poor. Still, their Facebook show results of how they consult people to create their MLM pyramids and become rich. It may not be a Ponzi scheme, but it`s a classical MLM Pyramid where the people on the top of the pyramid gets money from the people of the lower level of the pyramid.