Vida Lista is another pyramid scheme that might become popular should its owners use aggressive marketing tactics like that of MMM and Helping Hands.
On its about us page, the scheme described itself as “a unique and purpose-driven multinational Organisation with an objective to impact humanity through the dispensing of resourceful management knowledge and the provision of highly profitable and secured financial platforms aimed at empowering people with the sole aim of making success out of people, giving them financial independence, for the advancement of mankind”
While the scheme did not state when it was founded, it claimed that “Since inception, Vida Lista has been a hallmark of helping members to fast-drive their career plan and provides them the opportunity to start-up or expand their existing businesses via a well-grounded financial experience, thus empowering them to become custodians of global excellence and world-class business owners”.
Vida Lista claimed that is “reputed for profuse expertise in professional “smarting” and smartness in fundraising for businessmen, farmers, students, etc. thereby producing great millionaires in a smart way”.
Product and services
Vida Lista promotes itself as a multi level marketing organisation. It is focused on providing agricultural training and consulting as its services.
The scheme highlights the aim of its training programmes as:
To facilitate personal and professional development in members
To give career guidance to members
To facilitate communication, leveraging and team relationship
To improve the quality of team spirit in the corporate world.
To provide opportunities for members to access quick funds within a short period of time.
To acquaint members with a whole new kind of fresh business knowledge and empower them with smart choices in Agricultural chain businesses, vertical sack farming and Organic Home Garden.
However, Vida Lista’s model gets more confusing when you get to its compensation plan. Instead of rewarding members for perhaps their profit from the proceeds of farming even the training fees collected, Vida Lista seems to have a compensation plan that says the opposite what it claims to be.
Compensation Plan
Its compensation plan is a typical pyramid structure that negates its initial pitch of empowering people through agriculture training and investment.
For any member joining the scheme, they are required to be referred by someone. A new member is expected to:
- The signup fee is NGN3,000 approximately USD10
- Bring in two four people using their unique referral link or enjoy spill over of three other people introduced by one person in s/he’s down line
- With this, the new member will earn a referral bonus of NGN740 per new member making a total of NGN3,000 earn on all four members referred.
Stage one of the pyramid earns its members, ‘Ensign’ title but they must have accumulated a second generation of multiple downlines. The scheme promised Ensign members a total of NGN40,000 in aggregate income and smartphone (no brand name and or model stated).
After fulfilling all the requirements, members can then be eligible for free training on ‘SMART farming’.
By stage two, members of the scheme would have earned more commissions that will make them become ‘Lieutenants’. The pyramid scheme promised its members to earn NGN750,000 and Tablet computer (the brand name and or model is not stated).
What makes Vida Lista more of a pyramid scheme than a farming focused MLM is that stage three of the scheme does not focus on members making money from farms they have set up. At stage three, members are promised a total earning of NGN2,5 million plus a generator (no mention of capacity, brand or model)
Stage four of the scheme also stressed on the financial benefits of eamings spilling over from 2nd and 3rd of generations up to a total of NGN10 million plus child support up to NGN250,000 (it is not stated if this is only for a child or per child)
Bottomline
Since Vida Lista did not state who owns the scheme or the organisation behind it, it is a red flag. While the scheme listed its address as: A kenneth Agbakuru street off Wole Ariyo street, Lekki scheme 1, Lagos, there is the need for people to know who is behind it and their experience in MLM.
Another confusion is that the scheme is called Vida Lista, but its domain name is levidalista.com and its footer name is ‘levidalista.com’. The disparity is also a red flag based on previous experience in pyramid schemes.
Also, Vida Lista is not focusing on what it says is its core, therefore it compensation plan shows it is a pyramid scheme. Its promise to train members on ‘SMART farming’ is not properly represented in its model.
Am Alexander ikechukwu, I was referred by a friend to invest in Vida lista and having gone through the web site, I deside to invest #100000(one hundred thousand naira) after the initial registration of #3000 Which I paid to the company diamond account for over a week now and I have not receive acknowledgement for such payment on Like the #3000 old I need a reply
It’s so funny how some people just jump into conclusion all in the name of driving traffic to their blog. I am a registered member of Vida Lista and I can prove that the system works very fine. Last week alone I made a withdrawal of 120k from referral commission alone and got paid into my bank account. I wish I can post a screenshot of it here. If u are interested in joining this wonderful program you can call/WhatsApp me on 08181025811. I will give you all the break down of everything you need to know.
Mr Page one, you want attention, you have it. A pyramid scheme depends of downlines to move forward but not so with Vidalista. Vidalista even sells farming tools and seeds even supported and approved by EFCC. A registered member of Vidalista does not need to register any downlines to profit from the business. You decide not to invest into it, you can be a member with just 3000k which qualifies you register to attend seminars where you will meet the people behind it and the CEO. This business has a face unlike your traditional Ponzi schemes. To let you know I am a heavy critic of Ponzi schemes and I have NEVER REGISTERED INTO A PONZI SCHEME. I don’t want to say much but to implore you to avoid using negative tactics to draw followers, it’s fraudulent when you don’t do enough research but propagate lies and half truths.
The issue of inviting others to join is a way of further advertising the business and rewarding customers but like with every Ponzi scheme if vidalista is a Ponzi scheme it will definitely collapse but I guess you will have to wait longer than probably your lifetime to see that happen.
Thanks anyway for your attempted effort in brand-damaging this investment. But I don’t seem to understand how it’s a Ponzi scheme where you can clearly see where your money is going and the investment it is used for. If you even have a land and can lease it,a member can even use it for one year for organic farming and you will be amazed to see the fruitage.
I have too much to say but let me leave you with this, ALL the things promised has been achieved so far. So reassuring from a human point of view because we are not perfect and they continue to improve.
I attest to Vidalista commission often paid to their subscribers. I have made withdrawal twice now. Even when they could not pay me on a Tuesday, I received a message pleading for a calm due to poor network and I eventually got paid on Wednessday. Hence so far with my experience in MLM, It’s being indigenous company with viable contemporary alternative to making food crops the hub for Nigerians and also empowerment makes it good for any one considering to partner with them.
I attended one of your seminar on the 27/04/17,is well explicit, get to filling the form is a long thing.endeavour to making your registration forms accessible, even as I do this,i haven’t gotten it.